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Inchcape plc granted awards under its 2025 Performance Share Plan (PSP) and an additional one-off PSP award to nine Persons Discharging Managerial Responsibilities (PDMRs) on 14 April 2025. These awards consisted of options over a total of 1,436,087 ordinary shares, granted at a price of £0.00 per option.
| Date | 16 Apr 2025 |
| Time | 17:55:46 |
| Category | Director/PDMR dealings |
| ID | 3600F |
Inchcape plc
Grant of awards under the Inchcape Performance Share Plan (PSP) in 2025
Inchcape plc (Company) has granted awards under the PSP for 2025, with an additional grant of a one-off PSP award to support the delivery of the Accelerate+ strategy, in line with the remuneration policy approved by shareholders at the 2023 annual general meeting. The performance targets for the 2025 PSP awards are:
Normal PSP award
|
Three-year cumulative EPS (40% weighting) |
Vesting % |
|
Less than 227p |
0% |
|
227p |
25% |
|
255p |
100% |
|
Between 227p and 255p |
Straight line basis |
|
Three-year average ROCE (40% weighting) |
Vesting % |
|
Less than 23% |
0% |
|
23% |
25% |
|
30% |
100% |
|
Between 23% and 30% |
Straight line basis |
|
Cash conversion (20% weighting) |
Vesting % |
|
Less than 57% |
0% |
|
57% |
25% |
|
67% |
100% |
|
Between 57% and 67% |
Straight line basis |
One-off PSP award
|
Three-year cumulative EPS (100%) |
Vesting % |
|
Less than 255p |
0% |
|
255p |
25% |
|
275p |
100% |
|
Between 255p and 275p |
Straight line basis |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Mike Bowers |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - CEO Americas
|
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
127,272
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Liz Brown |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - Chief Strategy & Sustainability Officer |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
115,722
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Helen Cunningham |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - Chief People Officer |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
119,381
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Phil Jenkins |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - Chief M&A Officer |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
105,436
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Ruslan Kinebas |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - CEO APAC |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
139,737
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Romeo Lacerda |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - Chief Commercial Officer |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
140,908
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Adrian Lewis |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - Group Chief Financial Officer |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
192,328
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Glafkos Persianis |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - CEO Europe & Africa |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
134,333
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Duncan Tait |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
PDMR - Group Chief Executive |
||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Inchcape plc |
||||||
|
b)
|
LEI
|
213800RGEH1MPPNM2T57 |
||||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10 pence each
GB00B61TVQ02
|
||||||
|
b)
|
Nature of the transaction
|
Grant of options under the Inchcape Performance Share Plan and an additional one-off award
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
360,970
£0.00 |
||||||
|
e)
|
Date of the transaction |
14 April 2025 |
||||||
|
f)
|
Place of the transaction
|
Outside a trading venue
|
||||||