Last checked at 16 Dec 2020 17:16
16 December 2020
TREATT PLC
("Treatt" or "the Company")
Director / PDMR Shareholding
Treatt announces that awards under the Treatt Plc Long Term Incentive Plan ('LTIP') and Share Incentive Plan ('SIP') were made to certain Directors, together with awards to a PCA (Person Closely Associated with a PDMR), as detailed below.
The LTIP's are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period. The awards, or a proportion of them, only vest if the performance criteria is satisfied at the date on which vesting occurs.
The Directors and PCA the subjects of the awards have acquired Free and Matching shares consistent with awards made to all Treatt UK employees under the SIP which awarded £650 of Free Shares to eligible employees. Matching Shares are only awarded to those that have purchased Partnership Shares and are awarded on a 1:1.5 basis. The Free Shares and Matching Shares are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the SIP.
1 | Details of the Director | ||
a) | Name | Daemmon Reeve | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Treatt Plc | |
b) | LEI | 213800G40JM9F7G9LG39 | |
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 share of 2 pence each
GB00BKS7YK08 | |
b) | Nature of transaction | a) Award of LTIP b) Award of Free Shares c) Purchase of Partnership Shares d) Award of Matching Shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| a) £7.46 b) £7.46 c) £7.46 d) £7.46 | 45,571 87 241 361 | |
Aggregated information - Aggregated volume - Price |
46,260 £7.46 | ||
e) | Date of the transaction | 15 December 2020 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the Director | ||
a) | Name | Richard Hope | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Treatt Plc | |
b) | LEI | 213800G40JM9F7G9LG39 | |
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 share of 2 pence each
GB00BKS7YK08 | |
b) | Nature of transaction | a) Award of LTIP b) Award of Free Shares c) Purchase of Partnership Shares d) Award of Matching Shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
a) £7.46 b) £7.46 c) £7.46 d) £7.46 | 30,381 87 241 361 | ||
Aggregated information - Aggregated volume - Price |
31,070 £7.46 | ||
e) | Date of the transaction | 15 December 2020 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the Director | ||
a) | Name | Tracey Smith | |
2 | Reason for the notification | ||
a) | Position/status | PCA to Richard Hope, Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Treatt Plc | |
b) | LEI | 213800G40JM9F7G9LG39 | |
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 share of 2 pence each
GB00BKS7YK08 | |
b) | Nature of transaction | a) Award of Free Shares b) Purchase of Partnership Shares c) Award of Matching Shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
a) £7.46 b) £7.46 c) £7.46 | 87 241 361 | ||
Aggregated information - Aggregated volume - Price |
689 £7.46 | ||
e) | Date of the transaction | 15 December 2020 | |
f) | Place of the transaction | Outside a trading venue | |
Contact details
Anita Guernari
Company Secretary
++ 44 1284 770028
END