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17 Feb 2010 15:15
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
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(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
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(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
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(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
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(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
Victrex plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
(iii) Mr David Hummel and Mr Michael Peacock
(i) Mr Tim Cooper
3. Name of person discharging managerial responsibilities/director
Mr David Hummel
Mr Michael Peacock
Mr Tim Cooper
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
NA
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
As above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of 1p each in Victrex plc
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
As above
8 State the nature of the transaction
a) An award to Mr Tim Cooper of 13,487 options under the Victrex plc Long Term Incentive plan. The award, which was granted for nil consideration, takes the form of options to acquire ordinary shares for nil consideration, conditional upon the satisfaction of certain targets over a three year performance period.
b) Exercise of share options awarded under the 1999 Victrex plc Long Term Incentive Plan:
Mr David Hummel exercised 47,038 options granted on 6 April 2005 and 37,905 options granted on 15 December 2005 both at a nil exercise price.
Mr Michael Peacock exercised 35,849 options granted on 6 April 2005 and 26,814 options granted on 15 December 2005 both at a nil exercise price.
c) Sale of shares in order to fund the Directors' tax liabilities arising on the above exercise of options together with the associated dealing costs:
Mr David Hummel: 43,408 shares
Mr Michael Peacock: 25,769 shares
9. Number of shares, debentures or financial instruments relating to shares acquired
Mr Tim Cooper: 13,487 options under the Victrex plc 2009 Long Term Incentive Plan
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
NA
11. Number of shares, debentures or financial instruments relating to shares disposed
Mr David Hummel: 43,408 shares
Mr Michael Peacock: 25,769 shares
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.08%
13. Price per share or value of transaction
£8.11
14. Date and place of transaction
15 February 2010: Thornton Cleveleys, UK
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Mr David Hummel: 3,850,475 4.63%
Mr Michael Peacock: 124,487 0.15%
Mr Tim Cooper: 0 NA
16. Date issuer informed of transaction
16 February 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
15 February 2010
18. Period during which or date on which it can be exercised
15 February 2015 - 15 February 2020
19. Total amount paid (if any) for grant of the option
Nil
20. Description of shares or debentures involved (class and number)
Ordinary shares of 1p each
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
Mr David Hummel: 189,149
Mr Michael Peacock: 118,355
Mr Tim Cooper: 13,487
23. Any additional information
24. Name of contact and telephone number for queries
Sonya Moore
01253 897 708
Name and signature of duly authorised officer of issuer responsible for making notification
Sonya Moore
Date of notification
17 February 2010
END
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