Notification of Transactions of Directors

RNS Number : 3836X
Treatt PLC
18 December 2019
 

18 December 2019

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification on 16 December 2019 of the following transactions.

 

An award granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP") to Richard Hope, Chief Financial Officer, in 2016 vested in full on 12 December 2019, was subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period, and has subsequently been exercised. 

This exercise is detailed below, including the number of Ordinary Shares sold at a price of 451 pence per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:

 



Ordinary Shares received pursuant to 2014 LTIP

Ordinary Shares sold

Resultant interest in Ordinary Shares

Resultant % holding in total issued share capital

 

Richard Hope

CFO

68,392

32,144

394,941

 0.66%



 

 

Contact details

Anita Guernari

Company Secretary

++ 44 1284 770028

 

 

 

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 shares of 2 pence each

 

GB00BKS7YK08

b)

Nature of transaction

a)    Exercise of 2016 LTIP

b)    Sale of shares to satisfy tax UK liabilities

c)

Price(s) and volume(s)

Price(s)

Volume(s)



a) nil cost

b) £4.51

 

 

68,392

32,144

d)

   Aggregated information

-      Aggregated volume

-      Price

 

N/A (Single transaction)

e)

Date of the transaction

16 December 2019

f)

Place of the transaction

a)    Outside a trading Venue

b)    London Stock Exchange, XLON

 

 

END

 

 


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