Last checked at 14 Oct 2020 10:26
Notification and public disclosure of transactions by persons discharging managerial responsibility
The notification made on behalf of Persons Discharging Managerial Responsibility ('PDMRs') under article 19.1 of the Market Abuse Regulation ('MAR') relates to transactions made on behalf of Paul Forman, a Director, in Essentra plc.
This announcement is made in accordance with Article 19.3 of MAR
Following the vesting of the Company's Long Term Incentive Plan Part B grant of September 2017 (the 'Plan'), Paul Forman has exercised his option over 58,496 Essentra shares, and sold 26,905 shares to meet tax costs. Under the rules of the Plan, the balance of 31,591 Essentra shares are required to be retained until 8 September 2022. The resultant holding held by Paul Forman in Essentra shares is 330,052. |
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Paul Forman
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2
| Reason for the notification Transfer and sale of shares, pursuant to the satisfaction of the performance conditions, awarded under the Company's Long Term Incentive Plan Part B grant of September 2017
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a)
| Position/status
| Chief Executive | ||||||
b)
| Initial notification /Amendment
| Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Essentra plc | ||||||
b)
| LEI
| 5493007MOZNA03BVNE96 | ||||||
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
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a)
| Description of the financial instrument, type of instrument | Ordinary 25p shares | ||||||
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Identification code | GB00B0744359 | |||||||
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b)
| Nature of the transaction
| Transfer and sale of shares
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c)
| Price(s) and volume(s) |
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| Volume |
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| Award date | Price (£) | Shares sold to settle tax liability | Balance of shares retained |
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| 8 September 2017 | 2.49644 | 26,905 | 31,591 |
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d)
| Aggregated information |
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- Aggregated volume | 58,496 | |||||||
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- Price | £146,031.754 | |||||||
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e)
| Date of the transaction
| 13 October 2020 | ||||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||||
Contact for further information: | Jon Green Company Secretary & General CounselTel: 01908 359100 |
A copy of this announcement, together with other information about Essentra plc, may be viewed on its website: www.essentraplc.com |