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13 Aug 2018 13:00
13 August 2018
Van Elle Holdings plc
("Van Elle" or "the Group" or "the Company")
Director Shareholding
Further to the announcement of 3 May 2018, the Company is pleased to confirm that Mark Cutler has today joined the Board of Van Elle as Chief Executive Officer.
On joining the Group, Mr Cutler has today been granted an award over a total of 331,395 ordinary shares of 2 pence each in the capital of the Company under the Van Elle Holdings plc Long Term Incentive Plan 2016 ("LTIP"). The award has been granted in the form of an option to acquire the aforementioned shares at an exercise price of 2 pence per share. The award is governed by the rules of the LTIP and, subject thereto, will vest on the third anniversary of the date of grant to the extent determined in accordance with certain performance criteria. Further information on the LTIP can be found in the Company's annual report and accounts.
Enquiries:
Instinctif Partners (Financial PR Advisers) Tel: 020 7457 2020
Mark Garraway | |
Rosie Driscoll | |
Peel Hunt LLP (Nominated Adviser and corporate broker) | 020 7418 8900 |
Charles Batten | |
Mike Bell Justin Jones |
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Mark Cutler | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Executive Officer/PDMR | ||||
b. | Initial notification /Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Van Elle Holdings plc | ||||
b. | LEI | N/A | ||||
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
ISIN: GB00BYX4TP46 | ||||
b. | Nature of the transaction | Grant of an award under the Van Elle Holdings plc Long Term Incentive Plan 2016 to acquire ordinary shares of 2 pence each in the capital of Van Elle Holdings plc for an exercise price of 2 pence per share. | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
N/A | ||||
e. | Date of the transaction | 2018-08-13 | ||||
f. | Place of the transaction | London Stock Exchange (AIM)
| ||||
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