Director/PDMR Shareholding

RNS Number : 2179X
Treatt PLC
17 December 2019
 

 

 

17 December 2019

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

Treatt announces that awards were made to the following Directors under the Treatt Plc Long Term Incentive Plan ('LTIP') and Share Incentive Plan ('SIP') as detailed below.

The LTIP's are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three year period. The awards, or a proportion of them, only vest if the performance criteria is satisfied at the date on which vesting occurs. 

Additionally, the Directors have acquired Free and Matching shares consistent with awards made to all UK employees under the SIP which awarded £625 of Free Shares to eligible employees.  Matching Shares are only awarded to those that have purchased Partnership Shares and are awarded on a 1:1.5 basis.  The Free Shares and Matching Shares are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the SIP.

1

Details of the Director

a)

 

 

Name

Daemmon Reeve

2

Reason for the notification

a)

 

 

Position/status

CEO

 

b)

Initial notification/Amendment

 Initial Notification

3

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

a)

Name

 Treatt Plc

b)

LEI

 213800G40JM9F7G9LG39

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 share of 2 pence each

 

 

GB00BKS7YK08

b)

Nature of transaction

a)    Award of LTIP

b)    Award of Free Shares

c)    Purchase of Partnership Shares

d)    Award of Matching Shares 

c)

Price(s) and volume(s)

Price(s)

Volume(s)


 

 

 

 

 

a) £4.55

b) £4.55

c) £4.55

d) £4.55

73,978

137

396

594


Aggregated information

-      Aggregated volume

-      Price 

 

75,105

£4.55

e)

Date of the transaction

13 December 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the Director

a)

 

 

Name

Richard Hope

2

Reason for the notification

a)

 

Position/status

CFO

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

 Treatt Plc

b)

LEI

 213800G40JM9F7G9LG39

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 share of 2 pence each

 

 

GB00BKS7YK08

b)

Nature of transaction

a)    Award of LTIP

b)    Award of Free Shares

c)    Purchase of Partnership Shares

d)    Award of Matching Shares 

c)

Price(s) and volume(s)

Price(s)

Volume(s)



a) £4.55

b) £4.55

c) £4.55

d) £4.55

49,318

137

396

594


Aggregated information

-      Aggregated volume

-      Price 

 

50,445

£4.55

e)

Date of the transaction

13 December 2019

f)

Place of the transaction

Outside a trading venue

 

Contact details

Anita Guernari

Company Secretary

++ 44 1284 770028

END


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