Director/PDMR Shareholding

RNS Number : 0278I
Spectris PLC
16 March 2018
 

SPECTRIS plc: DIRECTOR/PDMR SHAREHOLDING

 

OPTIONS EXERCISED UNDER THE SPECTRIS PERFORMANCE SHARE PLAN (THE "PSP") BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

 

Spectris plc announces that, following the partial vesting of awards granted under the Spectris Performance Share Plan in March 2015, the following PDMRs have completed the exercise of options over ordinary shares of 5p each in the capital of the Company:

 


Total Options Exercised

Date of Exercise

Number of Shares sold to cover tax and NIC liabilities

Shares retained

John O'Higgins

5,900

14 March

2,837

3,063

Jo Hallas

3,019

15 March

1,427

1,592

Eoghan O'Lionaird

3,019

16 March

0

3,019

Robin Stopford

2,132

14 March

1,008

1,124

 

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides further detail.

 

1

Details of the persons discharging managerial responsibilities

a)

Name(s)

John O'Higgins, Chief Executive

2

Reason for the notification

a)

Position/status

Director/PDMR

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Spectris plc

b)

LEI

213800Z4CO2CZO3M3T10

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

Ordinary shares of 5p each



GB0003308607

b)

Nature of the transaction

(i)          Exercise of options over 5,900 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015

(ii)        Subsequent sale of 2,837 shares to cover PAYE/NI liabilities arising on exercise. The remaining shares (3,063) were retained

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Acquisition

£0.05

 

£nil

 

£21.972

 

 

 

5,363 (Shares arising from an award granted under the Performance Share Plan)

396 (shares awards in lieu of dividend accrual on the unvested option)

141 (Shares arising from tax-advantaged linked award granted under the Performance Share Plan)

 

 



(ii) Sale

£27.01

 

 

2,837

d)

Aggregated information

(i)    Volume (Shares Acquired)

5,900

(i)    Price (Shares Acquired)

£3,366.20

(ii)  Volume (Shares Sold)

2,837

(ii)  Price (Shares Sold)

£76,627.37

e)

Date of the transaction

14 March 2018

f)

Place of the transaction

Acquisition: outside a trading venue

Sale: London Stock Exchange

 

 

1

Details of the persons discharging managerial responsibilities

a)

Name(s)

Jo Hallas, Business Group Director

 

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Spectris plc

b)

LEI

213800Z4CO2CZO3M3T10

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

Ordinary shares of 5p each



GB0003308607

b)

Nature of the transaction

(i)         Exercise of options over 3,019 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015

(ii)      Subsequent sale of 1,427 shares to cover PAYE/NI liabilities arising on exercise. The remaining shares (1,592) were retained

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Acquisition

£0.05

 

£nil

 

 

 

 

2,813 (Shares arising from an award granted under the Performance Share Plan)

206 (shares awards in lieu of dividend accrual on the unvested option)

 

 

 

 



(ii) Sale

£26.96

 

1,427

d)

Aggregated information

(i)                         Volume (Shares Acquired)

3,019

(i)                                         Price (Shares Acquired)

£140.65

(ii)                                        Volume (Shares Sold)

1,427

(ii)                        Price (Shares Sold)

£38,471.92

e)

Date of the transaction

15 March 2018

f)

Place of the transaction

Acquisition: outside a trading venue

Sale: London Stock Exchange

 

 

1

Details of the persons discharging managerial responsibilities

a)

Name(s)

Eoghan O'Lionaird, Business Group Director

 

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Spectris plc

b)

LEI

213800Z4CO2CZO3M3T10

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

Ordinary shares of 5p each



GB0003308607

b)

Nature of the transaction

(i)           Exercise of options over 3,019 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015 with all PAYE and NI liabilities covered through a direct cash payment therefore all shares were retained by Mr. O'Lionaird.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Acquisition

£0.05

 

£nil

 

 

 

 

2,813 (Shares arising from an award granted under the Performance Share Plan)

206 (shares awards in lieu of dividend accrual on the unvested option)

 

 

 



£26.74

Market price of shares at point of exercise.

d)

Aggregated information

(i)                         Volume (Shares Acquired)

3,019

(i)               Price (Shares Acquired)

£140.65

(ii)              Volume (Shares Sold)

n/a

(ii)                        Price (Shares Sold)

n/a

e)

Date of the transaction

16 March 2018

f)

Place of the transaction

Acquisition: outside a trading venue

 

 

 

1

Details of the persons discharging managerial responsibilities

a)

Name(s)

Robin Stopford, Group Head of Corporate Development

 

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Spectris plc

b)

LEI

213800Z4CO2CZO3M3T10

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

Ordinary shares of 5p each



GB0003308607

b)

Nature of the transaction

(i)           Exercise of options over 2,132 ordinary shares of 5p each under the Spectris Performance Share Plan granted on 6 March 2015

(ii)          Subsequent sale of 1,008 shares to cover PAYE/NI liabilities arising on exercise. The remaining shares (1,124) were retained

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Acquisition

£0.05

 

£nil

 

 

 

 

1,987 (Shares arising from an award granted under the Performance Share Plan)

145 (shares awards in lieu of dividend accrual on the unvested option)

 

 

 



(ii) Sale

£27.01

 

1,008

d)

Aggregated information

(i)           Volume (Shares Acquired)

2,132

(i)                 Price (Shares Acquired)

£99.35

(ii)          Volume (Shares Sold)

1,008

(ii)                Price (Shares Sold)

£27,226.08

e)

Date of the transaction

14 March 2018

f)

Place of the transaction

Acquisition: outside a trading venue

Sale: London Stock Exchange

 

 

Name of contact and telephone number for queries:

 

Rebecca Dunn

Deputy Company Secretary

01784 470 470

 

Date:  16 March 2018

 


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