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19 May 2015 12:20
EXOVA GROUP PLC
Notification of transactions of Directors and PDMRs
19 May 2015
On 15 May 2015, awards in the form of nil cost awards ("Awards") taking the form of a nil cost option or conditional award (as set out below) to acquire ordinary shares of 1 pence each ("Shares") in Exova Group plc (the "Company") were granted to certain persons discharging managerial responsibilities ("PDMRs") under the Exova Group plc Long Term Incentive Plan ("LTIP"), as set out in column 3 in the table below.
The number of Shares subject to the Awards has been determined by reference to the market value of a Share on 14 May 2015 (192 pence per Share).
1. Name | 2. Status | 3. Number of Shares under Nil Cost Option |
Ian El-Mokadem | Director/PDMR | 351,562 |
Anne Thorburn | Director/PDMR | 151,041 |
Hicham Abdallah | PDMR | 106,860 |
Hans Aberg | PDMR | 65,341 |
Gary Brimmage* | PDMR | 142,709 |
Mike Pooley | PDMR | 105,937 |
John Willox | PDMR | 104,166 |
* Award granted in form of a conditional share award
The vesting of the Awards is subject to the satisfaction of a performance condition set by the Remuneration Committee of the Company. The Awards will normally vest and become exercisable on the later of the third anniversary of grant and the assessment of the performance condition, subject to continued employment. A total amount of £1 is payable on the exercise of any nil cost option.
No consideration was paid for the grant of any of the above Awards.
This notification is made in accordance with DTR 3.1.4.
For and on behalf of Exova Group plc
Date: 19 May 2015
Neil MacLennan
Company SecretaryTelephone: 0131 333 8053
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