REG - Porvair PLC - Director/PDMR Shareholding

PorvairAnnouncement

13/02/2026 16:15

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RNS Number : 0141T  Porvair PLC  13 February 2026

 
 
 
     13 February 2026

 

 

Porvair plc

("Porvair" or the "Group" or the "Company")

 

Director/PDMR Shareholding

The Company announces that on 11 February 2026 options were granted under the
Group's Long Term Share Plan 2018 ("LTSP") to the Executive
Directors. Options under the LTSP were granted as follows:

 Director            Position  Options awarded under the LTSP  Grant date        Vesting date      Minimum holding period  Total options held, including SAYE options
 Hooman Caman Javvi  CEO       88,110                          11 February 2026  11 February 2029  2 years after vesting   216,751
 James Mills         CFO       59,680                                            297,931

 

These options, with a 2 pence exercise price, can only be exercised in full
if the Remuneration Committee is satisfied that in the financial year ending
30 November 2028 ("FY2028") the Group has achieved Adjusted EPS of at
least 64.3 pence, which is a 15% compound annual growth rate from the
Adjusted EPS in the year ended 30 November 2025. 20% of the award will vest if
the Group has achieved Adjusted EPS of 47.6 pence in FY2028. A sliding scale
will operate if Adjusted EPS are between 47.6 pence and 64.3 pence. No
shares vest if the Adjusted EPS in FY2028 is below 47.6 pence.

After the vesting period, before the end of the two-year holding period, the
option holder may exercise the option but may only sell sufficient shares to
settle the option price and the income tax payable. The options may be
exercised after the vesting period up until 11 February 2036. Claw-back and
malus provisions apply.

Following these grants, the total number of LTSP and SAYE options in issue is
871,643, representing approximately 1.8% of the shares in issue.

For further information, please contact:

 Porvair plc            +44 (0)1553 765 500
 Andrew Douglass, Group Company Secretary

 

 

Notes to editors

 

Porvair plc

Porvair is a group of specialist filtration, laboratory and environmental
technology businesses.  Its businesses design and manufacture a range of
bespoke consumable filtration products that are used in a range of niche
filtration markets.  It operates in three divisions: Aerospace &
Industrial; Laboratory; and Metal Melt Quality.

 

The information below (set out in accordance with the requirements of the
Market Abuse Regulation) provides further detail:

 1.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                      Hooman Caman Javvi
 2.                    Reason for the notification
 a.                    Position/status                           CEO
 b.                    Initial notification                      Initial notification

                       /Amendment
 3.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                      Porvair plc
 b.                    LEI                                       213800ECKHS8LAQO3C45
 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                        Options over Ordinary Shares of 2 pence under the Porvair plc Long Term

                                         Share Plan
                       Financial instrument, type

                       of instrument

                                         GB0006963689
                       Identification code
 b.                    Nature of the transaction                 Grant of options

 c.                    Price(s) and volume(s)

Price(s)  Volume(s)

                                                                 n/a       88,110
 d.                    Aggregated information

                       ·      Aggregated volume                  n/a - single transaction

                       ·      Price

 e.                    Date of the transaction                   11 February 2026
 f.                    Place of the transaction                  Outside a trading venue

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

n/a - single transaction

e.

Date of the transaction

11 February 2026

f.

Place of the transaction

Outside a trading venue

 

 

 1.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                      James Mills
 2.                    Reason for the notification
 a.                    Position/status                           CFO
 b.                    Initial notification                      Initial notification

                       /Amendment
 3.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                      Porvair plc
 b.                    LEI                                       213800ECKHS8LAQO3C45
 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                        Options over Ordinary Shares of 2 pence under the Porvair plc Long Term

                                         Share Plan
                       Financial instrument, type

                       of instrument

                                         GB0006963689
                       Identification code
 b.                    Nature of the transaction                 Grant of options

 c.                    Price(s) and volume(s)

Price(s)  Volume(s)

                                                                 n/a       59,680
 d.                    Aggregated information

                       ·      Aggregated volume                  n/a - single transaction

                       ·      Price

 e.                    Date of the transaction                   11 February 2026
 f.                    Place of the transaction                  Outside a trading venue

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

n/a - single transaction

e.

Date of the transaction

11 February 2026

f.

Place of the transaction

Outside a trading venue

 

 

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