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17 Jun 2016 12:48
17 June 2016
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Persons Discharging Managerial Responsibility ("PDMRs")
Treatt announces that on 13 June 2016 the following PDMRs were awarded Restricted Stock Units under the Treatt Plc Long Term Incentive Plan.
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 |
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%.
Contact details
Anita Steer
Company Secretary
++ 44 1284 770028
END
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