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17 Jun 2016 12:48
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17 June 2016
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TREATT PLC
("Treatt" or "the Company")
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Notification of Transactions of Persons Discharging Managerial Responsibility ("PDMRs")
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Treatt announces that on 13 June 2016 the following PDMRs were awarded Restricted Stock Units under the Treatt Plc Long Term Incentive Plan.
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Name | Douglas Rash | Melanie Cooksey | Kevin Butler |
Position | Treatt USA Group VP - Global Sales | Treatt USA VP Global Citrus Procurement and TUSA Supply Chain Management | Treatt USA VP of Operations and Innovation |
Scheme | LTIP - Restricted Stock Units | LTIP - Restricted Stock Units | LTIP - Restricted Stock Units |
Date on which options become exercisable | 13 June 2019 | 13 June 2019 | 13 June 2019 |
Exercise Price Per Share | nil | nil | nil |
Description of shares involved | 59,934 Ord shares | 27,684 Ord shares | 7,368 Ord shares |
Number of shares over which options held following notification | 197,834 | 75,987 | 8,308 |
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The Restricted Stock Units, which are nil cost, are subject to continued employment within the Treatt Group and performance criteria based upon average annual growth in pre-exceptional basic earnings per share over a three year period. The Restricted Stock Units only vest if the performance criteria is satisfied at the date of vesting. Performance above a minimum threshold triggers vesting on a pro rata basis rising incrementally to 100%.
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Contact details
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Anita Steer
Company Secretary
++ 44 1284 770028
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END
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