Last checked at 1 Dec 2014 10:49
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
In accordance with Disclosure Rule 3.1.4R(1), and in accordance with Section 793 of the Companies Act 2006, the Company was advised on 28 November 2014 of the following director who has acquired an interest in the ordinary share capital of Essentra plc (the 'Company):
1. Name of company
Essentra plc
2. Name of director
Matthew Gregory
3. Nature of transaction
· Transfer of 49,792 shares awarded under the Company's Long Term Incentive Plan Unapproved Part A in September 2008 ('2008 Grant') following satisfaction of performance conditions. Sale of 30,094 shares at a price of £7.816 to settle the option cost of £1.8075 per share, tax and other transaction costs (the 'Cost') and sale of additional 10,186 shares at £7.816
· Transfer of 54,933 shares awarded under the Company's Long Term Incentive Plan Unapproved Part A in September 2009 ('2009 Grant') following satisfaction of performance conditions. Sale of 32,133 shares at a price of £7.816 to settle the option cost of £1.695 per share, tax and other transaction costs (the 'Cost') and sale of 11,147 shares at £7.816
· Transfer of 59,096 shares awarded under the Company's Long Term Incentive Plan Unapproved Part A in August 2010 ('2010 Grant') following satisfaction of performance conditions. Sale of 37,268 shares at a price of £7.816 to settle the option cost of £2.369 per share, tax and other transaction costs (the 'Cost') and sale of 11,009 shares at £7.816.
· Purchase of 342 shares at a price of £7.8299 from the proceeds of the recent dividend distribution
4. Date of grant
n/a
5. Period during which or date on which exercisable
n/a
6. Total amount paid (if any) for grant of the option
n/a
7. Description of shares or debentures involved: class, number
Number of 25p ordinary shares transferred | Number of shares sold to settle the Cost | Number of shares sold | Balance of shares transferred | |
2008 Grant | 49,792 | 30,094 | 10,186 | 9,512 |
2009 Grant | 54,933 | 32,133 | 11,147 | 11.653 |
2010 Grant | 59,096 | 37,268 | 11,009 | 10,819 |
Purchase | 342 |
8. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
9. Total number of 25p ordinary shares held following this notification
Number | % holding | |
79,501 | 0.0305 |
23. Any additional information
As at the market valuation on 28 November 2014 Matthew's shareholding equates to 203% of salary.
24. Name of contact and telephone number for queries
Patricia Kendall 01908 359 100
25. Name and signature of authorised company official responsible for making this notification
Jon Green, Company Secretary & General Counsel
Date of Notification
1 December 2014