Last checked at 16 Mar 2018 14:06
SPECTRIS plc: DIRECTOR/PDMR SHAREHOLDING
OPTIONS EXERCISED UNDER THE SPECTRIS PERFORMANCE SHARE PLAN (THE "PSP") BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
Spectris plc announces that, following the partial vesting of awards granted under the Spectris Performance Share Plan in March 2015, the following PDMRs have completed the exercise of options over ordinary shares of 5p each in the capital of the Company:
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The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides further detail. |
1 | Details of the persons discharging managerial responsibilities | |||
a) | Name(s) | John O'Higgins, Chief Executive | ||
2 | Reason for the notification | |||
a) | Position/status | Director/PDMR | ||
b) | Initial notification/Amendment | Initial Notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Spectris plc | ||
b) | LEI | 213800Z4CO2CZO3M3T10 | ||
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 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each GB0003308607 | ||
b) | Nature of the transaction | (i) Exercise of options over 5,900 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015 (ii) Subsequent sale of 2,837 shares to cover PAYE/NI liabilities arising on exercise. The remaining shares (3,063) were retained | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
(i) Acquisition £0.05
£nil
£21.972
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5,363 (Shares arising from an award granted under the Performance Share Plan) 396 (shares awards in lieu of dividend accrual on the unvested option) 141 (Shares arising from tax-advantaged linked award granted under the Performance Share Plan)
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(ii) Sale £27.01
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2,837 | |||
d) | Aggregated information | (i) Volume (Shares Acquired) | 5,900 | |
(i) Price (Shares Acquired) | £3,366.20 | |||
(ii) Volume (Shares Sold) | 2,837 | |||
(ii) Price (Shares Sold) | £76,627.37 | |||
e) | Date of the transaction | 14 March 2018 | ||
f) | Place of the transaction | Acquisition: outside a trading venue Sale: London Stock Exchange | ||
1 | Details of the persons discharging managerial responsibilities | |||
a) | Name(s) | Jo Hallas, Business Group Director
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2 | Reason for the notification | |||
a) | Position/status | PDMR | ||
b) | Initial notification/Amendment | Initial Notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Spectris plc | ||
b) | LEI | 213800Z4CO2CZO3M3T10 | ||
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 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each GB0003308607 | ||
b) | Nature of the transaction | (i) Exercise of options over 3,019 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015 (ii) Subsequent sale of 1,427 shares to cover PAYE/NI liabilities arising on exercise. The remaining shares (1,592) were retained | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
(i) Acquisition £0.05
£nil
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2,813 (Shares arising from an award granted under the Performance Share Plan) 206 (shares awards in lieu of dividend accrual on the unvested option)
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(ii) Sale £26.96
| 1,427 | |||
d) | Aggregated information | (i) Volume (Shares Acquired) | 3,019 | |
(i) Price (Shares Acquired) | £140.65 | |||
(ii) Volume (Shares Sold) | 1,427 | |||
(ii) Price (Shares Sold) | £38,471.92 | |||
e) | Date of the transaction | 15 March 2018 | ||
f) | Place of the transaction | Acquisition: outside a trading venue Sale: London Stock Exchange | ||
1 | Details of the persons discharging managerial responsibilities | |||
a) | Name(s) | Eoghan O'Lionaird, Business Group Director
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2 | Reason for the notification | |||
a) | Position/status | PDMR | ||
b) | Initial notification/Amendment | Initial Notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Spectris plc | ||
b) | LEI | 213800Z4CO2CZO3M3T10 | ||
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 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each GB0003308607 | ||
b) | Nature of the transaction | (i) Exercise of options over 3,019 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015 with all PAYE and NI liabilities covered through a direct cash payment therefore all shares were retained by Mr. O'Lionaird. | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
Acquisition £0.05
£nil
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2,813 (Shares arising from an award granted under the Performance Share Plan) 206 (shares awards in lieu of dividend accrual on the unvested option)
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£26.74 | Market price of shares at point of exercise. | |||
d) | Aggregated information | (i) Volume (Shares Acquired) | 3,019 | |
(i) Price (Shares Acquired) | £140.65 | |||
(ii) Volume (Shares Sold) | n/a | |||
(ii) Price (Shares Sold) | n/a | |||
e) | Date of the transaction | 16 March 2018 | ||
f) | Place of the transaction | Acquisition: outside a trading venue
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1 | Details of the persons discharging managerial responsibilities | |||
a) | Name(s) | Robin Stopford, Group Head of Corporate Development
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2 | Reason for the notification | |||
a) | Position/status | PDMR | ||
b) | Initial notification/Amendment | Initial Notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | Spectris plc | ||
b) | LEI | 213800Z4CO2CZO3M3T10 | ||
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 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each GB0003308607 | ||
b) | Nature of the transaction | (i) Exercise of options over 2,132 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015 (ii) Subsequent sale of 1,008 shares to cover PAYE/NI liabilities arising on exercise. The remaining shares (1,124) were retained | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
(i) Acquisition £0.05
£nil
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1,987 (Shares arising from an award granted under the Performance Share Plan) 145 (shares awards in lieu of dividend accrual on the unvested option)
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(ii) Sale £27.01
| 1,008 | |||
d) | Aggregated information | (i) Volume (Shares Acquired) | 2,132 | |
(i) Price (Shares Acquired) | £99.35 | |||
(ii) Volume (Shares Sold) | 1,008 | |||
(ii) Price (Shares Sold) | £27,226.08 | |||
e) | Date of the transaction | 14 March 2018 | ||
f) | Place of the transaction | Acquisition: outside a trading venue Sale: London Stock Exchange | ||
Name of contact and telephone number for queries:
Rebecca Dunn
Deputy Company Secretary
01784 470 470
Date: 16 March 2018