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19 Dec 2018 16:51
19 December 2018
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification on 18 December 2018 of the following transactions.
An award granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP") to Richard Hope, Chief Financial Officer, in 2015 vested in full on 14 December 2018 and was subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period.
This exercise is detailed below, including the number of Ordinary Shares sold at a price of 410 pence per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:
Ordinary Shares received pursuant to 2014 LTIP | Ordinary Shares sold | Resultant interest in Ordinary Shares | Resultant % holding in total issued share capital |
| |||
Richard Hope | CFO | 110,678 | 52,019 | 350,274 | 0.59% | ||
Contact details
Anita Steer
Company Secretary
++ 44 1284 770028
1 | Details of the Director | ||
a)
| Name | Richard Hope | |
2 | Reason for the notification | ||
a)
| Position/status | CFO | |
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 shares of 2 pence each
GB00BKS7YK08 | |
b) | Nature of transaction | a) Exercise of 2015 LTIP b) Sale of shares to satisfy tax UK liabilities | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
a) nil cost b) £4.10
| 110,678 52,019 | ||
d) | Aggregated information - Aggregated volume - Price
| N/A (Single transaction) | |
e) | Date of the transaction | 18 December 2018 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
END
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