Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the
shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and
24.
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete
boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should
complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
ELEMENTIS PLC
2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the
Companies Act 2006 to the extent that it relates to the interests of a director
or, as far as the issuer is aware, any connected person.
THESE ARE TRANSACTIONS NOTIFIED IN ACCORDANCE WITH DR3.1.4R(1)(a) and (c)
3. Name of person discharging managerial responsibilities/director
DAVID DUTRO (DIRECTOR)
BRIAN TAYLORSON (DIRECTOR)
GREG MCCLATCHY (PDMR)
DENNIS VALENTINO (PDMR)
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
8 State the nature of the transaction
9. Number of shares, debentures or financial instruments relating to shares
acquired
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
11. Number of shares, debentures or financial instruments relating to shares
disposed
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
13. Price per share or value of transaction
14. Date and place of transaction
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
16. Date issuer informed of transaction
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17 Date of grant
22 APRIL 2010
18. Period during which or date on which it can be exercised
22 APRIL 2013 TO 22 APRIL 2020
19. Total amount paid (if any) for grant of the option
NIL
20. Description of shares or debentures involved (class and number)
OPTIONS OVER ORDINARY SHARES OF 5 PENCE EACH GRANTED UNDER THE ELEMENTIS PLC
2008 LONG TERM INCENTIVE PLAN (AS AMENDED BY SHAREHOLDERS ON 22 APRIL 2010)
+------------------+---+---------+
| DAVID DUTRO | Â | 988,149 |
+------------------+---+---------+
| BRIAN TAYLORSON | Â | 768,103 |
+------------------+---+---------+
| GREG MCCLATCHY | Â | 661,791 |
+------------------+---+---------+
| DENNIS VALENTINO | Â | 582,769 |
+------------------+---+---------+
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise
NIL
22. Total number of shares or debentures over which options held following
notification
In addition to the above grant of options, these individuals also hold executive
and savings-based options over shares as follows:
+------------------------+-----------------------------------------------------+
|Director (1) or PDMR (2)|Existing number of options held over Ordinary Shares |
| |of 5 pence each prior to this notification |
+------------------------+-----------------------------------------------------+
|David Dutro (1) |1,091,442 |
+------------------------+-----------------------------------------------------+
|Brian Taylorson (1) |1,204,103 |
+------------------------+-----------------------------------------------------+
|Greg McClatchy (2) |873,167 |
+------------------------+-----------------------------------------------------+
|Dennis Valentino (2) |240,977 |
+------------------------+-----------------------------------------------------+
The following LTIP awards made in 2008 are also held as follows:
+------------------------+-----------------------------------------------------+
|Director (1) or PDMR (2)|2008 LTIP awards: Number of options granted over |
| |Ordinary Shares of |
| |5 pence each |
+------------------------+-----------------------------------------------------+
|David Dutro (1) |25% share of the LTIP pool1 |
+------------------------+-----------------------------------------------------+
|Brian Taylorson (1) |20% share of the LTIP pool1 |
+------------------------+-----------------------------------------------------+
|Greg McClatchy (2) |20% share of the LTIP pool1 |
+------------------------+-----------------------------------------------------+
1The LTIP pool is calculated as 2.15% of the net increase in value of the
Company (defined as market capitalisation plus dividends paid or declared)
during the three year performance period ended 31 December 2010, after deduction
of 31% (representing the cost of equity over the three year performance period).
The actual number of options is equal to the post tax value of each
participant's share of the LTIP pool.
23. Any additional information
N/A
24. Name of contact and telephone number for queries
WAI WONG, 020 7408 9303
Name and signature of duly authorised officer of issuer responsible for making
notification
WAI WONG - COMPANY SECRETARY
Date of notification
22 April 2010
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