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 |
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| a) |
Name |
Mike Bowers |
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| 2 |
Reason for the notification |
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| a) |
Position/status |
PDMR - CEO Americas |
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| b) |
Initial notification /Amendment |
Initial Notification |
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| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| a) |
Name |
Inchcape plc |
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| b) |
LEI |
213800RGEH1MPPNM2T57 |
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| 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 |
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| 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 |
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| e) |
Date of the transaction |
14 April 2025 |
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| f) |
Place of the transaction |
Outside a trading venue |
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| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
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| a) |
Name |
Liz Brown |
||||||
| 2 |
Reason for the notification |
|||||||
| a) |
Position/status |
PDMR - Chief Strategy & Sustainability Officer |
||||||
| b) |
Initial notification /Amendment |
Initial Notification |
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| 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 |
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| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
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| 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 |
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| 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 |
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