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Director/PDMR Shareholding

16 Mar 2018 16:00

RNS Number : 0423I
Vesuvius plc
16 March 2018
 

Vesuvius plc

16 March 2018

 

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.

 

Grant of 2018 Long Term Incentive Share Awards

 

Vesuvius plc (the "Company") announces that on 15 March 2018, performance share awards (the "Awards") were granted over the Company's ordinary shares ("Shares") to the following persons discharging managerial responsibilities in the Company under the Vesuvius Share Plan in the form indicated in the table below:

 

Name

Maximum number of Shares under Award ("Award Shares")

Form of Award

Patrick André

173,697

Nil-cost Option

Guy Young

86,848

Nil-cost Option

Tanmay Ganguly

49,627

Nil-cost Option

Roel van der Sluis

54,065

Conditional Award

Glenn Cowie

54,720

Conditional Award

 

The number of Award Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the award date. The actual number of Award Shares which vest will depend upon the extent to which performance conditions have been satisfied.

 

The performance conditions applicable to the 2018 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2017 Annual Report.

 

The Vesuvius Share Plan was approved by shareholders at the General Meeting on 26 November 2012.

The Share price used to determine the number of Shares under awards was £6.045 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 14 March 2018.

 

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

 

a)

 

Name

 

 

Patrick André

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares

Identification code

ISIN: GB00B82YXW83

b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£6.045

173,697

d)

 

Aggregated information

- Aggregated volume

173,697

- Aggregated Price

 

- Aggregated Total

 

£6.045

 

£1,049,998

e)

 

Date of the transaction

 

 

15 March 2018

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Guy Young

2

 

Reason for the notification

 

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

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares

Identification code

ISIN: GB00B82YXW83

b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£6.045

86,848

d)

 

Aggregated information

- Aggregated volume

86,848

- Aggregated Price

 

- Aggregated Total

£6.045

 

£524,996

e)

 

Date of the transaction

 

 

15 March 2018

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Tanmay Ganguly

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President Advanced Refractories

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares

Identification code

ISIN: GB00B82YXW83

b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£6.045

49,627

d)

 

Aggregated information

- Aggregated volume

49,627

- Aggregated Price

 

- Aggregated Total

£6.045

 

£299,995

e)

 

Date of the transaction

 

 

15 March 2018

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Roel van der Sluis

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President Flow Control

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Performance share award in the form of a conditional award over Vesuvius plc 10 pence ordinary shares

Identification code

ISIN: GB00B82YXW83

b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£6.045

54,065

d)

 

Aggregated information

- Aggregated volume

54,065

- Aggregated Price

 

- Aggregated Total

£6.045

 

£326,823

e)

 

Date of the transaction

 

 

15 March 2018

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Glenn Cowie

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President Foundry

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Performance share award in the form of a conditional award over Vesuvius plc 10 pence ordinary shares

Identification code

ISIN: GB00B82YXW83

b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£6.045

54,720

d)

 

Aggregated information

- Aggregated volume

54,720

- Aggregated Price

 

- Aggregated Total

£6.045

 

£330,782

e)

 

Date of the transaction

 

 

15 March 2018

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

 

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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