Director/PDMR Shareholding

Spectris PLC

11 March 2024

 

Spectris plc: Director/PDMR Shareholding

This notification made under Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

On 8 March 2024, Spectris plc (the "Company") was notified that on the same day, Derek Harding, Chief Financial Officer and Andrew Heath, Chief Executive, acquired 10,392 and 13,055 ordinary shares of 5p each ("Ordinary Shares") in the Company respectively following the exercise of options granted under the terms of the Performance Share Plan ("PSP") on 7 March 2019.

Of the 10,392 Ordinary Shares acquired by Mr Harding, 5,000 were sold to fund the option cost and the income tax / national insurance liability at a sale price of £33.452 and the remaining 5,392 Ordinary Shares were retained and immediately transferred into a nominee account on his behalf.

Of the 13,055 Ordinary Shares acquired by Mr Heath, 6,164 were sold to fund the option cost and the income tax / national insurance liability at a sale price of £33.465 and the remaining 6,891 Ordinary Shares were retained and immediately transferred into a nominee account on his behalf.

The forms for this transaction, as required under MAR, follows:

1	Details of the persons discharging managerial responsibilities
a)	Name(s)	Derek Harding, Chief Financial Officer
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 10,392 Ordinary Shares under the terms of the PSP granted on 7 March 2019. (ii)   Subsequent sale of 5,000 Ordinary Shares to cover option cost and income tax / national Insurance liabilities arising on exercise. (iii)  Transfer of remining 5,392 Ordinary Shares into a nominee account on Mr Harding's behalf.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		(i)   Acquisition £0.05 £0.00 £26.69	8,981 (Share Award granted as a nominal cost option under the terms of the PSP) 1,127 (Dividend equivalent shares awarded in lieu of dividend accrual on nominal cost option) 284 (Share Award granted as a tax-advantaged market value option under the terms of the PSP)
		(ii)   Sale £33.452	5,000
		(iii)  Transfer £nil	5,392
d)	Aggregated information	(i)   Acquisition
		Price per share		£0.7726
		Volume		10,392
		Price		£8,029.01
		(ii)   Sale
		Price per share		£33.452
		Volume		5,000
		Price		£167,260.00
		(iii)  Transfer
		Price per share		£0.00
		Volume		5,392
		Price		£0.00
e)	Date of the transaction	8 March 2024
f)	Place of the transaction	Outside of a trading venue

1	Details of the persons discharging managerial responsibilities
a)	Name(s)	Andrew Heath, 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 13,055 Ordinary Shares under the terms of the PSP granted on 7 March 2019. (ii)   Subsequent sale of 6,164 Ordinary Shares to cover option cost and income tax / national Insurance liabilities arising on exercise. (iii)  Transfer of remining 6,891 Ordinary Shares into a nominee account on Mr Heath's behalf.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		(i)   Acquisition £0.05 £0.00	11,608 (Share Award granted as a nominal cost option under the terms of the PSP) 1,447 (Dividend equivalent shares awarded in lieu of dividend accrual on nominal cost option)
		(ii)   Sale £33.465	6,164
		(iii)  Transfer £nil	6,891
d)	Aggregated information	(i)   Acquisition
		Price per share		£0.04446
		Volume		13,055
		Price		£580.40
		(ii)   Sale
		Price per share		£33.465
		Volume		6,164
		Price		£206,278.26
		(iii)  Transfer
		Price per share		£0.00
		Volume (Shares Acquired)		6,891
		Price (Shares Acquired)		£0.00
e)	Date of the transaction	8 March 2024
f)	Place of the transaction	Outside of a trading venue

Name of contact and telephone number for queries:

Guy Holden

Group Reward and Share Plan Manager

07585 403 180

For and on behalf of Spectris plc

LEI Number: 213800Z4CO2CZO3M3T10

Date: 11 March 2024

 

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