Last checked at 16 Mar 2018 16:00
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