Last checked at 2 Nov 2017 10:58
Notification of Transaction of Person Discharging Managerial Responsibilities
This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.
Vesting of Restricted Share Award
Vesuvius plc (the "Company") announces that the second tranche of the Restricted Share Award made to Mr Guy Young, following his appointment as Chief Financial Officer, vested on 1 November 2017. Of the 8,557 Vesuvius plc Ordinary Shares of 10 pence ("Shares") which vested, 4,031 Shares were sold to cover tax and national insurance contributions and 4,526 Shares were transferred to Mr. Young.
Name of contact and telephone number for queries:
Henry Knowles, General Counsel and Company Secretary, +44 (0) 20 7822 0000
Virginia Skroski, Investor Relations Manager, +44 (0) 20 7822 0016
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
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Guy Young | |||
2
| Reason for the notification
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a)
| Position/status
| Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Vesuvius plc | |||
b)
| LEI
| 213800ORZ521W585SY02 | |||
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
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a)
| Description of the financial instrument, type of instrument | Vesuvius plc 10 pence ordinary shares | |||
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Identification code | ISIN: GB00B82YXW83 | ||||
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b)
| Nature of the transaction
| Vesting of the remaining 50% of a Restricted Share Award over 17,115 Vesuvius plc Ordinary Shares (8,557 shares) and sale of sufficient shares to satisfy tax/nic liability | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £5.9225 | 4,031 |
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d)
| Aggregated information |
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- Aggregated volume | 4,031 | ||||
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- Price
- Total | £5.9225
£23,873.60 | ||||
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e)
| Date of the transaction
| 1 November 2017 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||