REG - Treatt PLC - Notification of Transaction of Director

TreattAnnouncement

21/12/2023 14:15

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RNS Number : 6670X  Treatt PLC  21 December 2023

21 December 2023

TREATT PLC

("Treatt" or "the Company")

Notification of Transaction of Director

In accordance with the requirements of the Market Abuse Regulation, the
Company received notification on 20 December 2023 of the following
transactions.

 

An award granted pursuant to the 2019 Long Term Incentive Plan ("2019 LTIP")
to Daemmon Reeve, Chief Executive Officer, in 2020 has vested at 51% of award
on 15 December 2023.  The applied vesting outcome was based on compound
annual growth rate on earnings per share over a three-year period and the
award has subsequently been exercised.

This exercise is detailed below, including the number of ordinary shares of 2
pence each in the Company ("Ordinary Shares") sold by Daemmon Reeve at a price
of 430 pence per share to satisfy the tax and national insurance liabilities
and administrative fees arising on exercise, the remaining shares are subject
to a two-year holding period:

 

                     Ordinary Shares received pursuant to 2019 LTIP  Ordinary Shares sold  Resultant interest in Ordinary Shares  Resultant % holding in total issued share capital

 Daemmon Reeve  CEO  23,241                                          10,923                555,175                                 0.9%

 

Contact details

Vanessa Myatt

Deputy Company Secretary

++ 44 1284 702500

 

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Daemmon Reeve
 2   Reason for the notification
 a)  Position/status                                              CEO
 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  Ordinary shares of 2 pence each

     Identification code

                                                                  GB00BKS7YK08
 b)  Nature of transaction                                        a)    Exercise of 2020 LTIP

                                                                  b)    Sale of shares to satisfy tax and national insurance liabilities
 c)  Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                  a)    nil cost                          23,241

                                                                  b)    £4.30                             10,923
 d)     Aggregated information                                    N/A (Single transaction)

     -      Aggregated volume

     -      Price

 e)  Date of the transaction                                      19 December 2023
 f)  Place of the transaction                                     a)    Outside a trading Venue

                                                                  b)    London Stock Exchange, XLON

 

END

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