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RNS Number : 0435X Treatt PLC 15 December 2023
15 December 2023
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
Treatt announces that on 13 December 2023, awards under the Treatt Plc
Deferred Bonus Share Plan ('DBSP'), Long Term Incentive Plan ('LTIP') and the
Share Incentive Plan ('SIP') were made to certain Directors, as detailed
below.
Awards in the form of nil-cost options over the Company's ordinary shares of 2
pence each were granted under the DBSP by the Remuneration Committee to the
Executive Directors of the Company. The awards were granted in respect of
bonuses earned for the financial year ended 30 September 2023 and will vest on
the second anniversary of the grant date.
The LTIP awarded to Ryan Govender is subject to performance criteria based
upon average compound annual growth in adjusted basic earnings per share (80%
weighting) and average return on average capital employed (20% weighting).
The awards, or a proportion of them, only vest if the performance criteria is
satisfied at the date on which vesting occurs, at three years and is subject
to a further two-year holding period.
Additionally, Ryan Govender has acquired Free Shares and Matching Shares
consistent with awards made to all UK employees under the SIP, which awarded
£700 of Free Shares to eligible employees. Matching Shares are only awarded
to those that have purchased Partnership Shares and are awarded on a 1:1.5
basis. The Free Shares and Matching Shares are subject to forfeiture for a
period of three years from the date of grant in the event of termination of
employment, except in circumstances where the employee is regarded as a good
leaver, in accordance with the terms of the SIP.
1 Details of the Director
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 share of 2 pence each
Identification code
GB00BKS7YK08
b) Nature of transaction Award of 2023 DBSP
c) Price(s) and volume(s) Price(s) Volume(s)
£4.11 11,086
Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
e) Date of the transaction 13 December 2023
f) Place of the transaction Outside a trading venue
1 Details of the Director
a) Name Ryan Govender
2 Reason for the notification
a) Position/status CFO
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 share of 2 pence each
Identification code
GB00BKS7YK08
b) Nature of transaction a) Award of DBSP
b) Award of LTIP
c) Award of Free Shares
d) Purchase of Partnership Shares
e) Award of Matching Shares
c) Price(s) and volume(s) Price(s) Volume(s)
a) £4.11 98,540
b) £4.11 5,979
c) £4.11 170
d) £4.11 439
e) £4.11 658
Aggregated information
- Aggregated volume 105,786
- Price £4.11
e) Date of the transaction 13 December 2023
f) Place of the transaction Outside a trading venue
Contact details
Vanessa Myatt
Deputy Company Secretary
+ 44 1284 702500
END
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