9 Feb 2018 11:24
9 February 2018
Victrex plc
Grant of Options under the rules of the Victrex plc 2015 UK Sharesave Plan
Notification of transactions by directors/persons discharging managerial responsibilities
Victrex plc (the "Company") announces that on 8 February 2018 the Company granted options ("Options") over 56,840 ordinary shares of 1p each ("Ordinary Shares") pursuant to the Victrex plc 2015 UK Sharesave Plan.
The Options have a contract start date of 1 April 2018 and are exercisable between 1 April 2021 and 31 September 2021. The exercise price, which was set in accordance with HM Revenue & Customs rules for sharesave plans, is £21.64 pence per Ordinary Share. The allocation of share options was made available to UK employees with at least three months' service to the Group (including the Executive Directors and PDMRs) and amounts to 0.06% of the Company's current issued share capital. The exercise of options on maturity is not dependent upon performance criteria.
Of the options described above the following were granted to the Company's Executive Directors and PDMRs as follows:
Name | Position | No. of shares under options granted |
Jakob Sigurdsson | Chief Executive Officer | 831 |
Tim Cooper | Executive Director | 415 |
Marin Court | Executive Director | 415 |
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jakob Sigurdsson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Victrex plc | ||||
b) | LEI | 213800UYNPHAUNHPXL67 | ||||
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 | Option over ordinary shares of 1p each
GB0009292243 | ||||
b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 21.64p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 8 February 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Tim Cooper | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Victrex plc | ||||
b) | LEI | 213800UYNPHAUNHPXL67 | ||||
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 | Option over ordinary shares of 1p each
GB0009292243 | ||||
b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 21.64p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 8 February 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Martin Court | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Victrex plc | ||||
b) | LEI | 213800UYNPHAUNHPXL67 | ||||
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 | Option over ordinary shares of 1p each
GB0009292243 | ||||
b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 21.64p | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A N/A
| ||||
e) | Date of the transaction | 8 February 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Victrex (VCT)