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3 Jun 2014 10:08
EXOVA GROUP PLC
Notification of transactions of Directors and PDMRs
3 June 2014
On 2 June 2014, awards in the form of nil cost awards ("Awards") to acquire ordinary shares of 1 penceeach ("Shares") in Exova Group plc (the "Company") were granted to certain persons discharging managerial responsibilities ("PDMRs") under the Exova Group plc Additional Share Scheme (the "Scheme"), as set out in column 3 in the table below.
The Awards are exercisable immediately, and will lapse to the extent they are not exercised by 16 April 2016. The Shares are subject to the same lock-up arrangements as the other Shares held by the PDMRs and may not be sold before 16 April 2015 (including sales to discharge tax liabilities arising on exercise) without the consent of the joint book runners who acted in relation to the initial public offering of the Company in April 2014. On exercise, Shares will be transferred by the Company's Employee Benefit Trust using Shares provided by Tabasco BV (a company controlled by Clayton, Dubilier & Rice).
1. Name | 2. Status | 3. Number of Shares under Nil Cost Option |
Ian El-Mokadem | Director/PDMR | 137,962 |
Anne Thorburn | Director/PDMR | 146,226 |
Hicham Abdallah | PDMR | 46,668 |
Hans Aberg | PDMR | 21,855 |
Mike Pooley | PDMR | 46,668 |
John Willox | PDMR | 34,222 |
The above awards are included in the interests of the PDMRs set out in the Prospectus published by the Company on 11 April 2014. 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: 3 June 2014
Neil MacLennan
Company SecretaryTelephone: 0131 333 8053
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