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Vesuvius plc (VSVS)

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Friday 15 March, 2019

Vesuvius plc

Director/PDMR Shareholding

RNS Number : 0728T
Vesuvius plc
15 March 2019
 

Vesuvius plc  

                    

15 March 2019

 

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 2019 Long Term Incentive Share Awards

 

Vesuvius plc (the "Company") announces that on 14 March 2019, 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

197,400

Nil-cost Option

Guy Young

86,362

Nil-cost Option

Tanmay Ganguly

53,051

Nil-cost Option

Roel van der Sluis

55,378

Conditional Award

Glenn Cowie

55,930

Conditional Award

 

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 2019 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2018 Annual Report.

 

The 2019 Awards are subject to a holding 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.

The Share price used to determine the number of Shares under awards was £6.079 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 13 March 2019.

 

Name of contact and telephone number for queries:

 

Henry Knowles, General Counsel and Company Secretary

+44 (0) 20 7822 0000

Virginia Skroski, Investor Relations Manager

+44 (0) 20 7822 0016

 

 

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)




£6.079

197,400







d)

 

Aggregated information




- Aggregated volume

197,400



- Aggregated Price

 

- Aggregated Total

 

£6.079

 

£1,199,994



e)

 

Date of the transaction

 

 

14 March 2019

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)




£6.079

86,362







d)

 

Aggregated information




- Aggregated volume

86,362



- Aggregated Price

 

- Aggregated Total

£6.079

 

£524,994



e)

 

Date of the transaction

 

 

14 March 2019

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Tanmay Ganguly

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President Advanced Refractories

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)




£6.079

53,051







d)

 

Aggregated information




- Aggregated volume

53,051



- Aggregated Price

 

- Aggregated Total

£6.079

 

£322,497



e)

 

Date of the transaction

 

 

14 March 2019

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Roel van der Sluis

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President Flow Control

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 a conditional award 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)




£6.079

55,378







d)

 

Aggregated information




- Aggregated volume

55,378



- Aggregated Price

 

- Aggregated Total

£6.079

 

£336,642



e)

 

Date of the transaction

 

 

14 March 2019

f)

 

Place of the transaction

 

 

London - outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Glenn Cowie

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President Foundry

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 a conditional award 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)




£6.079

55,930







d)

 

Aggregated information




- Aggregated volume

55,930



- Aggregated Price

 

- Aggregated Total

£6.079

 

£339,998



e)

 

Date of the transaction

 

 

14 March 2019

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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