23 Mar 2018 16:12
VECTURA GROUP PLC
DIRECTOR/PDMR SHARE DEALING
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)
Chippenham, UK, 23 March 2018: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 23 March 2018, the following Persons Discharging Managerial responsibility ("PDMRs") were granted Share Awards over ordinary shares of 0.025 pence each in Vectura Group plc under the Vectura 2015 Long Term Incentive Plan, as set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Derodra | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Vectura Group plc | ||||
b) | LEI | |||||
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 0.025 pence each in Vectura Group plc GB00B01D1K48 | ||||
b) | Nature of the transaction | Grant of an award under the Company's Long Term Incentive Plan as a nil exercise price option. Vesting is subject to (i) stretching performance over 3 financial years commencing with the year of grant and (ii) continued service, and is normally 3 years after grant. Further details of the performance targets will be set out in the Directors' Remuneration Report included in the Company's Report an Accounts. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
John Murphy, Company Secretary Tel: + 44 (0)207 881 0524