REG - Elementis PLC - Director/PDMR Shareholding

ElementisAnnouncement

03/06/2025 07:00

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RNS Number : 1102L  Elementis PLC  02 June 2025

 

Elementis plc

('Elementis' or 'the Company')

 

Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

 

Elementis plc announces that on 30 May 2025 the following Directors have been
granted conditional share awards under the Elementis plc 2018 Long Term
Incentive Plan (LTIP) with a vesting date of 30 May 2028 at a cost of nil
pence per share.

 

 Name                  Title                    Number of shares

                                                (Performance Share Awards)
 Luc van Ravenstein    Chief Executive Officer  745,591
 Ralph Hewins          Chief Financial Officer  524,654

 

The above quantum of awards are as detailed in the 2024 Directors'
Remuneration Report and are based on award multiples set at 200% and 175% of
salary for both the Chief Executive and Chief Financial Officer respectively.

 

In addition, the Committee will retain discretion to reduce the number of
shares on vesting should it be considered appropriate to do so (e.g. in the
event that there was perceived windfall gain).

 

Subject to the terms of the LTIP plan rules, the above awards will vest and
become exercisable from the third anniversary of the grant of the awards
subject to continued service and to the extent to which the relevant
performance conditions (see below) are satisfied over the three financial
years ending 31 December 2027. Shares that vest (post selling any shares
required to meet associated tax liabilities) are also subject to a two-year
holding requirement.

 

Performance conditions

The full performance conditions to apply to the 2025 awards are as follows:

Total Shareholder Return (30% weighting)

 

 Elementis versus FTSE ALL Share Constituents (excluding Investment Trusts)  % of TSR part vesting
 Below median                                                                0%
 Median (50(th) percentile)                                                  25%
 Between median and upper quartile                                           On a straight-line basis between 25% and 100%
 Upper quartile                                                              100%

 

 

Earnings per share (30% weighting)

 

 EPS                   % of EPS part vesting
 Less than 15.5 cents  0%
 19 cents              100%

Vesting will be on a straight-line basis between threshold and target, and
target and maximum.

 

 

Return on Capital Employed (30% weighting)

 

 ROCE                             % of ROCE part vesting
 Less than 26%                    0%
 More than 26% but less than 28%  On a straight line basis between 0% and 50%
 28%                              50%
 More than 28% but less than 29%  On a straight line basis between 50% and 100%
 29%                              100%

 

 

Environmental Sustainability (10% weighting)

 

 Absolute GHG emissions FY 2027                     % of Absolute GHG part vesting
 67,833t CO2e                                       0%
 More than 58,758t CO2e and less than 67,833t CO2e  On a straight line basis between 67,833t CO2e and 58,758t CO2e
 58,758T CO2E                                       100%

Vesting will be on a straight-line basis between performance points.

 

 

Vesting based on the above performance conditions will be subject to a return
on capital employed underpin. This will require the Committee to consider the
vesting result determined based on the application of the EPS, TSR, operating
cash conversion and operating profit margin performance conditions in light of
the return on capital employed achieved during the three year period ending 31
December 2027 relative to the Board's internal plans over the period. If the
Committee does not consider the vesting result appropriate in light of the
return the underpin enables vesting to be reduced to a more appropriate level.

 

Set out below are the notifications made in accordance with Article 19 of the
EU Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                          LUC VAN RAVENSTEIN
 2   Reason for the notification
 a)  Position/status                                               CEO, DIRECTOR
 b)  Initial notification/Amendment                                INITIAL NOTIFICATION
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ELEMENTIS PLC
 b)  LEI                                                          549300LQIH685LI2ML36
 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  SHARES

                                                                  GB0002418548

     Identification code
 b)  Nature of the transaction                                    Grant of a conditional share award over 745,591 shares under the Elementis plc
                                                                  2018 Long Term Incentive Plan with a vesting date of 30 May 2028 at a cost of
                                                                  nil pence per share.
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  N/A       N/A

 

 d)  Aggregated information

- Aggregated volume

- Price                                                     N/A
 e)  Date of the transaction                                      2025-05-30
 f)  Place of the transaction                                     Outside of a trading venue

 

 

d)

Aggregated information

 

 

 

 

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

2025-05-30

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                          RALPH HEWINS
 2   Reason for the notification
 a)  Position/status                                               CFO, DIRECTOR
 b)  Initial notification/Amendment                                INITIAL NOTIFICATION
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         ELEMENTIS PLC
 b)  LEI                                                          549300LQIH685LI2ML36
 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  SHARES

                                                                  GB0002418548

     Identification code
 b)  Nature of the transaction                                    Grant of a conditional share award over 524,654 shares under the Elementis plc
                                                                  2018 Long Term Incentive Plan with a vesting date of 30 May 2028 at a cost of
                                                                  nil pence per share.
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  N/A       N/A

 

 d)  Aggregated information

- Aggregated volume

- Price                                                     N/A
 e)  Date of the transaction                                      2025-05-30
 f)  Place of the transaction                                     Outside of a trading venue

 

 

d)

Aggregated information

 

 

 

 

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

2025-05-30

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

 

 

 

Person responsible for making this notification: Lynton Boardman, Group
General Counsel & Company Secretary

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