Last checked at 6 Feb 2019 13:55
6 February 2019
Victrex plc
Grant of Options under the rules of the Victrex plc 2015 UK Sharesave Plan
Notification of transactions by directors/persons discharging managerial responsibilities
The Company announces the following transactions by PDMRs in the Company's ordinary 1p shares ("Shares"):
Pursuant to invitations issued on 10 January 2019 to all eligible UK employees, options over an aggregate of 191,314 Shares were granted on 5 February 2019 under the Company's UK SAYE Scheme (the "Scheme"). The Scheme is an all-employee scheme which gives the opportunity to eligible UK employees to acquire Shares at a discount of 20% of the market value of the Shares at the time the invitation was issued.
Options were granted to PDMRs, as follows:
Name | Position | No. of shares under options granted | Savings Contract Period |
Jakob Sigurdsson |
Chief Executive Officer |
937 |
3 years |
Tim Cooper |
Executive Director |
937 |
3 Years |
Richard Armitage |
Executive Director |
1,562 |
5 Years |
In consideration of these options, the grantees will make monthly savings during the associated savings contract. The exercise price is £19.20 per share.
These options will normally be exercisable during a 6 month period commencing 1 April 2022 for a 3 Year contract and 1 April 2024 for a 5 Year contract.
1. This announcement is an initial announcement.
2. The Company's identification code is GB0009292243.
3. The grant of the SAYE options occurred outside a trading venue.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.
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 | Jakob Sigurdsson | ||||
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 | Victrex plc | ||||
b) | LEI | 213800UYNPHAUNHPXL67 | ||||
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 | Option over ordinary shares of 1p each
GB0009292243 | ||||
b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 19.20p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 5 February 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Tim Cooper | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Victrex plc | ||||
b) | LEI | 213800UYNPHAUNHPXL67 | ||||
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 | Option over ordinary shares of 1p each
GB0009292243 | ||||
b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 19.20p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 5 February 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Richard Armitage | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Victrex plc | ||||
b) | LEI | 213800UYNPHAUNHPXL67 | ||||
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 | Option over ordinary shares of 1p each
GB0009292243 | ||||
b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 19.20p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 5 February 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||