CORRECTION
This announcement replaces RNS number 3600F issued on
16 April 2025 at 17.55. The correct performance targets are given below.
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 228p |
0% |
| 228p |
25% |
| 256p |
100% |
| Between 228p and 256p |
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 85% |
0% |
| 85% |
25% |
| 105% |
100% |
| Between 85% and 105% |
Straight line basis |
One-off PSP award
| Three-year cumulative EPS (100%) |
Vesting % |
| Less than 256p |
0% |
| 256p |
25% |
| 277p |
100% |
| Between 256p and 277p |
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 |
||||||