Director/PDMR Shareholding

RNS Number : 9356S
Vesuvius plc
19 March 2021
 

V esuvius plc 

 

19 March 2021

 

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.

 

Grant of 2021 Long Term Incentive Share Awards

 

Vesuvius plc (the "Company") announces that on 18 March 2021, performance share awards (the "Awards") were granted over the Company's ordinary shares ("Shares") to the following persons discharging managerial responsibilities in the Company under the Vesuvius Share Plan in the form indicated in the table below:

 

Name

Maximum number of Shares under Award ("Award Shares")

Form of Award

Patrick André

230,210

Nil-cost Option

Guy Young

107,562

Nil-cost Option

 

The number of Award Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the award date. The actual number of Award Shares which vest will depend upon the extent to which performance conditions have been satisfied.

 

The performance conditions applicable to the 2021 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2020 Annual Report.

 

The 2021 Awards are subject to a h olding period which will run until the fifth anniversary of the grant date.

 

The Vesuvius Share Plan was approved by shareholders at the General Meeting on 26 November 2012.

 

 

Name of contact and telephone number for queries:

 

Henry Knowles, General Counsel and Company Secretary

+44 (0) 20 7822 0000

Pamela Antay, Head of Investor Relations

+44 (0) 20 7822 0057

 



 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Patrick André

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive

b)

 

Initial notification /Amendment

 

Initial notification

3

 

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

 

a)

 

Name

 

 

Vesuvius plc

b)

 

LEI

 

213800ORZ521W585SY02

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

Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares



Identification code

ISIN: GB00B82YXW83



b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




536.9 pence

230,210







d)

 

Aggregated information




- Aggregated volume

230,210



- Aggregated Price

 

- Aggregated Total

 

536.9 pence

 

£1,235,997.49

 



e)

 

Date of the transaction

 

18 March 2021

f)

 

Place of the transaction

 

London - outside a trading venue

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Guy Young

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

 

 

Vesuvius plc

b)

 

LEI

 

213800ORZ521W585SY02

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

Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares



Identification code

ISIN: GB00B82YXW83



b)

 

Nature of the transaction

 

 

Grant of performance share awards under the Vesuvius Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




536.9 pence

107,562







d)

 

Aggregated information




- Aggregated volume

107,562



- Aggregated Price

 

- Aggregated Total

536.9 pence

 

£577,500.38



e)

 

Date of the transaction

 

18 March 2021

f)

 

Place of the transaction

 

London - outside a trading venue

 

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com

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Vesuvius (VSVS)
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