Victrex PLC
7 April 2005
Victrex plc (the 'Company')
The following transactions in the Company's ordinary 1p shares took place on 6
April 2005 and were notified to the Company by the relevant Directors on that
date:
1. Awards made under the Victrex Long Term Incentive Plan:
Director Share options Exercise
awarded price
DR Hummel 47,038 Nil
MW Peacock 35,849 Nil
B Souder 31,255 Nil
TJ Walker 33,893 Nil
The normal exercise period is from 6 April 2010 - 6 April 2015, subject to the
Victrex Group's performance over the three financial years commencing 1 October
2004, in accordance with the rules of the Victrex Long Term Incentive Plan.
2. Exercise of share options awarded under the Victrex Long Term Incentive
Plan:
Director Share options Date granted Exercise
Exercised price
DR Hummel 81,247 29 January 1999 Nil
DR Hummel 35,000 7 March 2000 Nil
MW Peacock 40,000 7 March 2000 Nil
TJ Walker 40,000 7 March 2000 Nil
3. Exercise of share options awarded under the Victrex 1995 Employee Share
Scheme:
Director Share options Date granted Exercise
exercised price
DR Hummel 112,903 21 December 1995 £1.70
4. Sale of shares:
Director Shares sold Price at which sold
DR Hummel 171,452 £4.405
MW Peacock 16,032 £4.405
TJ Walker 16,032 £4.405
The share sales were made in order to fund the costs of exercising the share
options, including dealing costs, together with Directors' tax liabilities
arising on exercise of the options.
A further 35,000 shares were sold by the David R. Hummel and Jane H, Hummel
Charitable Remainder Trust, of which DR Hummel is a beneficiary, in order to
fund the Trust's activities.
The position of the relevant Directors following the above transactions is as
follows:
Director Number of Number of Number of shares Percentage of
shares in which shares over under the Victrex issued Class of
interested in, which an Long Term Share Capital
beneficially and option is Incentive Plan (under s.198
non-beneficially held Companies Act
1985 as amended)
DR Hummel 3,817,629 - 244,557 5.05%
MW Peacock 24,968 - 159,115 0.23%
B Souder 2,000 100,000 124,284 0.28%
TJ Walker 45,736 54,587 154,751 0.32%
This information is provided by RNS
The company news service from the London Stock Exchange
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