Greene King : AMENDED Director/PDMR Shareholding

GREENE KING PLC

Annex DTR3

AMENDED REPLACES NOTIFICATION DATED 4 JANUARY 2018

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1.	Name of the issuer	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
	GREENE KING PLC		THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R
3.	Name of person discharging managerial responsibilities/director	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
	RICHARD SMOTHERS		NO
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares
	RICHARD SMOTHERS		ORDINARY SHARES 12 ½p EACH
7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them	8.	State the nature of the transaction
	RICHARD SMOTHERS		AWARDS HAVE BEEN GRANTED UNDER THE RULES OF THE GREENE KING PERFORMANCE SHARE PLAN 2013
9.	Number of shares, debentures or financial instruments relating to shares acquired	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
	N/A		N/A
11.	Number of shares, debentures or financial instruments relating to shares disposed	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
	N/A		N/A
13.	Price per share or value of transaction	14.	Date and place of transaction
	N/A		N/A
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)	16.	Date issuer informed of transaction
	NIL (remains unchanged following this announcement)		N/A

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.		Date of grant	18.		Period during which or date on which exercisable
		4 January 2018			5 January 2023 - 3 January 2028
19.		Total amount paid (if any) for grant of the option	20.		Description of shares or debentures involved (class and number)
		N/A			ORDINARY SHARES 12 ½p EACH
21.		Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise	22.		Total number of shares or debentures over which options held following notification
		NIL			45,995
23.		Any additional information	24.		Name of contact and telephone number for queries
		AWARDS GRANTED UNDER THE GREENE KING PERFORMANCE SHARE PLAN 2013 ARE AWARDED AT NIL COST. THE AWARDS WILL BE SUBJECT TO THE THREE YEAR PERFORMANCE CONDITIONS AS SET OUT BELOW.			LINDSAY KESWICK 01284 763222
1.	Name of the issuer			2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
	GREENE KING PLC				THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R
3.	Name of person discharging managerial responsibilities/director			4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
	ANDREW BUSH				NO
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1			6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares
	ANDREW BUSH				ORDINARY SHARES 12 ½p EACH
7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them			8.	State the nature of the transaction
	ANDREW BUSH				AWARDS HAVE BEEN GRANTED UNDER THE RULES OF THE GREENE KING PERFORMANCE SHARE PLAN 2013
9.	Number of shares, debentures or financial instruments relating to shares acquired			10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
	N/A				N/A
11.	Number of shares, debentures or financial instruments relating to shares disposed			12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
	N/A				N/A
13.	Price per share or value of transaction			14.	Date and place of transaction
	N/A				N/A
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)			16.	Date issuer informed of transaction
	40 (0.00001%) (remains unchanged following this announcement)				N/A

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.	Date of grant	18.	Period during which or date on which exercisable
	4 January 2018		4 January 2021 - 3 January 2028
19.	Total amount paid (if any) for grant of the option	20.	Description of shares or debentures involved (class and number)
	N/A		ORDINARY SHARES 12 ½p EACH
21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise	22.	Total number of shares or debentures over which options held following notification
	NIL		35,461
23.	Any additional information	24.	Name of contact and telephone number for queries
	AWARDS GRANTED UNDER THE GREENE KING PERFORMANCE SHARE PLAN 2013 ARE AWARDED AT NIL COST. THE AWARDS WILL BE SUBJECT TO THE THREE YEAR PERFORMANCE CONDITIONS AS SET OUT BELOW.		LINDSAY KESWICK 01284 763222

The LTIP awards referred to above are subject to the following performance conditions which will be measured over the three years to 30 April 2020:

	% of total award	Threshold Vesting Performance (20% of Maximum)	Maximum Vesting Performance (100% of Maximum)
ROCE	50%	9.0%	9.5%
EPS	25%	72.9p	79.6p
FCF	25%	£220m	£252m
Underpin applicable to all metrics: All awards will be subject to an underpin performance condition whereby the committee may reduce the level of vesting awards (including to zero) if it is not satisfied regarding performance during the performance period for the LTIP awards.

Name of authorised official of issuer responsible for making notification LINDSAY KESWICK COMPANY SECRETARY Date of notification 15 January 2018

Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.