Last checked at 16 Apr 2018 15:47
Spectris plc: Director/PDMR Shareholding
This notification is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
On 16 April 2018, the Company's Executive Directors and PDMRs accepted grants made by Spectris plc ("the Company") of options over ordinary 5p shares pursuant to the terms of the Spectris plc Performance Share Plan ("the Plan"), as set out below.
Name | Position | Number of options granted under the Plan |
John O'Higgins | Chief Executive | 44,600 |
Clive Watson | Group Finance Director | 28,280 |
Jo Hallas | Business Group Director | 18,210 |
Andrew Harvey | Group Human Resources Director | 13,450 |
Eoghan O'Lionaird | Business Group Director | 18,210 |
Mark Serföző | General Counsel and Company Secretary | 23,690 |
Robert (Robin) Stopford | Head of Corporate Development | 13,100 |
Kenneth Smith | President, Asia Pacific | 7,120 |
The total number of ordinary shares over which nominal-cost options were accepted on 16 April 2018 represents less than 0.1% of the Company's issued ordinary share capital on that date.
No consideration was paid for the grant of the awards.
The vesting of an award is subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on the later of the third anniversary of grant and the determination of the performance conditions. To the extent that an award vests, it is exercisable for a period of seven years from the date of vesting. The awards made to John O'Higgins and Clive Watson are subject to an additional two-year holding period on vesting.
The option price payable by each participant on the exercise of his or her award is 5 pence per share.
The Company was informed of the above transactions on 16 April 2018.
1 | Details of the persons discharging managerial responsibilities | |||
a) | Name(s) | John O'Higgins, Chief Executive Clive Watson, Group Finance Director Joanna Hallas, Business Group Director Andrew Harvey, Group Human Resources Director Eoghan O'Lionaird, Business Group Director Mark Serföző, General Counsel and Company Secretary Robert Stopford, Head of Corporate Development Kenneth Smith, President, Asia Pacific | ||
2 | Reason for the notification | |||
a) | Position/status | See 1a above | ||
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 | Options over ordinary shares of 5p each GB0003308607 | ||
b) | Nature of the transaction | Acceptance of a grant of options over ordinary shares of 5p each pursuant to the terms of the Spectris plc Performance Share Plan | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
n/a | John O'Higgins - options over 44,600 ordinary shares Clive Watson - options over 28,280 ordinary shares Joanna (Jo) Hallas - options over 18,210 ordinary shares Andrew Harvey - options over 13,450 ordinary shares Eoghan O'Lionaird - options over 18,210 ordinary shares Mark Serföző - options over 23,690 ordinary shares Robert (Robin) Stopford - options over 13,100 ordinary shares Kenneth Smith - options over 7,120 ordinary shares
| |||
d) | Aggregated information | Aggregated Volume | n/a | |
Price | n/a | |||
e) | Date of the transaction | 16 April 2018 | ||
f) | Place of the transaction | Outside a trading venue | ||
Name of contact and telephone number for queries:
Rebecca Dunn
Deputy Company Secretary
01784 470 470
For and on behalf of Spectris plc
LEI: 213800Z4CO2CZO3M3T10
Date: 16 April 2018