Victrex Regulatory News (VCT)

10 February 2021

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 transaction by a PDMR in the Company's ordinary 1p shares ("Shares"):

 Pursuant to invitations issued on 13 January 2021 to all eligible UK employees, options over an aggregate of 89,000 Shares were granted on 10 February 2021 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 granted to a PDMR;

In consideration of these options, the grantees will make monthly savings during the associated savings contract. The exercise price is £19.60 per share.

These options will normally be exercisable during a 6 month period commencing 1 April 2024 for a 3 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