Director/PDMR Shareholding

Stelrad Group PLC
18 March 2024
 

18 March 2024

Stelrad Group PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Stelrad Group PLC (the "Company") announces that, on 18 March 2024, awards in the form of conditional rights to acquire ordinary shares in the Company ("Shares") were granted under the Company's Long Term Incentive Plan to the Executive Directors of the Company, as detailed below.

 

Name

Role

Number of Shares Awarded

Trevor Harvey

Chief Executive Officer

230,663

Annette Borén

Chief Financial Officer

111,972

 

The vesting of awards is subject to the achievement of EPS and TSR performance targets assessed over a three-year period ending 31 December 2026, full details of which can be found in the Company's 2023 Annual Report and Accounts. The number of shares in respect of which the 2024 Awards shall vest, shall depend upon the extent to which the performance conditions are satisfied. Once vested, Executive Directors' shares will be required to be held for a further two years.

The Notification of Dealing Form for each PDMR can be found below.

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Trevor Harvey

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

 

Stelrad Group PLC

b)

LEI

 

2138006LKVGN16PTVA73

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 £0.001 each

 

 

 

 

ISIN   GB00BMHRMV23

b)

Nature of the transaction

 

Grant of awards, structured as conditional share awards, under the Stelrad Group PLC Long Term Incentive Plan 

c)

Price(s) and volume(s)

 

 Price(s)

 

Nil

 

 

  Volume(s)

 

  230,663

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

N/A single transactions

 

e)

Date of the transaction

 

18 March 2024

f)

Place of the transaction

 

N/A- Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Annette Borén

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

 

Stelrad Group PLC

b)

LEI

 

2138006LKVGN16PTVA73

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 £0.001 each

 

 

 

 

ISIN   GB00BMHRMV23

b)

Nature of the transaction

 

Grant of awards, structured as conditional share awards, under the Stelrad Group PLC Long Term Incentive Plan 

c)

Price(s) and volume(s)

 

 Price(s)

 

Nil

 

  Volume(s)

 

  111,972

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

 N/A single transactions

 

 

e)

Date of the transaction

 

18 March 2024

f)

Place of the transaction

 

N/A- Outside of a trading venue

 

 

 

 

Enquiries:

Computershare Company Secretarial Services Limited

StelradGroup-UKCoSec@computershare.co.uk

Company Secretary

 

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