REG - Castings PLC - Grant of share options

CastingsAnnouncement

10/07/2024 16:00

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RNS Number : 9236V  Castings PLC  10 July 2024

Castings plc (the "Company")

Grant of Share Options and Notification of Transactions by Persons Discharging
Managerial Responsibilities ("PDMRs")

Castings plc ("the Group"), announces that the board has today made a grant of
nominal value share options over 42,525 ordinary shares in the Group
("Options") pursuant to the Castings 2020 Restricted Share Plan as follows:

 

·    A Vicary - 24,619 Options

 

·    S J Mant - 17,906 Options

 

The awards vest after three years conditional on the option holder remaining
with the Group during the performance period. Following the exercise of the
Options there is an additional two-year holding period for the shares. The
Option holder shall be entitled to receive an amount (in cash or shares) equal
to any dividend which would have been paid on the Option shares during the
holding period.

 

If all of the Options were exercised in full, this would represent
approximately 0.10% of the Group's issued share capital.

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                      1.   Adam Vicary

                                                2.   Steven Mant
 2    Reason for the notification
 a)   Position/status                           1.   Chief Executive Office

                                                2.   Group Finance Director
 b)   Initial notification /Amendment           Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                      Castings plc
 b)   LEI                                       2138004LKVACAUE94W70
 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              Ordinary shares of 10 pence

                                         each
      instrument, type of instrument

      Identification code

                                                GB0001795680
 b)   Nature of the transaction                 Grant of share options under the Castings 2020 Restricted Share Plan
 c)   Price(s) and volume(s)

Price(s)     Volume(s)
                                                1.   Nil     1.   24,619

                                                2.   Nil     2.   17,906

 d)   Aggregated information                    N/A - Singe transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                   10 July 2024
 f)   Place of the transaction                  Grant of options occurred outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

N/A - Singe transaction

e)

Date of the transaction

10 July 2024

f)

Place of the transaction

Grant of options occurred outside a trading venue

 

 

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