12 Mar 2020 10:30
12 March 2020
Vivo Energy plc (the "Company")
(LSE: VVO / JSE: VVO)
Notification of Transactions by Directors
On 11 March 2020, Vivo Energy plc granted to certain Directors nil-cost options (the Awards) over ordinary shares of the Company (the Shares). The Awards were granted under the 2018 Long Term Incentive Plan as set out below:
Name | Position | Number of Shares |
Christian Chammas | Chief Executive Officer | 1,454,548 |
Johan Depraetere | Chief Financial Officer | 818,183 |
The Awards will vest subject the continued employment of the Directors and the satisfaction of performance conditions relating to EPS, ROACE and TSR growth measured over three financial years between 1 January 2020 to 31 December 2022.
Following determination of the extent of satisfaction of performance conditions, the Awards are subject to a holding period of 2 years, during which period the Awards may not normally be exercised.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation and provides further details of the Award:
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Christian Chammas | |
2 | Reason for the notification | ||
a) | Position/status | Director and PDMR | |
b) | Initial/Amendment notification | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Vivo Energy plc | |
b) | LEI | 213800TR7V9QN896AU56 | |
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 | Nil-cost options over ordinary shares of Vivo Energy plc
ISIN: GB00BDGT2M75 | |
b) | Nature of the transaction | Grant of nil-cost options under the 2018 Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s)
|
£Nil | 1,454,548 shares
| ||
d) | Aggregated information
- Aggregated volume
- Price | Aggregated Volume | Price |
1,454,548 shares
| £Nil | ||
e) | Date of the transaction | 11 March 2020 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Johan Depraetere | |
2 | Reason for the notification | ||
a) | Position/status | Director and PDMR | |
b) | Initial/Amendment notification | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Vivo Energy plc | |
b) | LEI | 213800TR7V9QN896AU56 | |
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 | Nil-cost options over ordinary shares of Vivo Energy plc
ISIN: GB00BDGT2M75 | |
b) | Nature of the transaction | Grant of nil-cost options under the 2018 Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£Nil | 818,183 shares
| ||
d) | Aggregated information
- Aggregated volume
- Price | Aggregated Volume | Price |
818,183 shares
| £Nil | ||
e) | Date of the transaction | 11 March 2020 | |
f) | Place of the transaction | Outside a trading venue | |
For further information, please contact:
Claire Dhokia
Group Company Secretary
+44 2030 343 718
claire.dhokia@vivoenergy.com