REG - Spectris PLC - Director/PDMR Shareholding
10/03/2025 16:15
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RNS Number : 0612A Spectris PLC 10 March 2025
Spectris plc: Director/PDMR Shareholding
This notification is made under Article 19(1) of the EU Market Abuse
Regulation 596/2014 as it forms part of domestic law by virtue of the European
Union (Withdrawal) Act 2018 ("MAR") and relates to the grant of share awards
under the terms of the Spectris Long Term Incentive Plan ("LTIP") and the
Spectris Deferred Bonus Plan("DBP") to persons discharging managerial
responsibilities ("PDMRs").
On 07 March 2025, Spectris plc (the "Company") was informed that, Derek
Harding, Andrew Heath and Angela Noon, the Executive Directors and PDMRs of
the Company, accepted awards granted by the Company of nominal-cost share
options over ordinary 5p shares on 06 March 2025, pursuant to both the terms
of the LTIP ("LTIP Awards") and the DBP ("DBP Awards"), as set out below:
Name Position Maximum number of shares that may vest under the LTIP Awards granted(1) Number of shares under DBP Award
Andrew Heath Chief Executive 80,015 7,755
Angela Noon Chief Financial Officer 52,826 1,706
Derek Harding President, Spectris Scientific 56,581 5,484
1. Includes 1.4X multiplier. More details on the performance conditions
attached to these LTIP Awards and the multiplier can be found in the Company's
2023 Remuneration Policy.
The total number of ordinary shares over which these LTIP Awards and DBP
Awards were accepted represents 0.20% of the Company's issued ordinary share
capital on 07 March 2025.
No consideration was paid for the grant of the LTIP Awards and the DBP Awards.
The vesting of these LTIP Awards is subject to the continued employment of the
Executive Directors, malus and clawback provisions and the satisfaction of
performance conditions set by the Remuneration Committee of the Company. The
LTIP Awards will normally vest on the later of the third anniversary of grant
and the determination of the performance conditions. The Executive Directors'
LTIP Awards are then subject to an additional two-year vesting period. To the
extent that these LTIP Awards vest, they are exercisable for a period of five
years from the end of the additional vesting period.
The DBP Awards are not subject to performance conditions. All DBP Awards are
subject to malus and clawback provisions. DBP Awards will normally vest, and
become exercisable, on the third anniversary of the date of grant subject to
continued employment.
The nominal award price payable by each participant on the exercise of these
LTIP Awards and DBP Awards is 5 pence per share.
The information set out below is provided in accordance with the requirements
of Article 19(3) of MAR and provides further detail:
1 Details of the persons discharging managerial responsibilities
a) Name(s) Andrew Heath
2 Reason for the notification
a) Position/status Director and PDMR
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Spectris plc
b) LEI 213800Z4CO2CZO3M3T10
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 Option granted over ordinary shares of 5p each
Identification code GB0003308607
b) Nature of the transaction Acceptance of a grant of a share option over ordinary shares of 5p each on 07
March 2025, pursuant to the terms of the LTIP and DBP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.05 LT
IP
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£0.05 DBP nominal-cost share option of 7,755 ordinary 5p shares.
d) Aggregated information Aggregated Volume 87,770
Price £4,388.50
e) Date of the transaction 07 March 2025
f) Place of the transaction Outside a trading venue
1 Details of the persons discharging managerial responsibilities
a) Name(s) Angela Noon
2 Reason for the notification
a) Position/status Director and PDMR
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Spectris plc
b) LEI 213800Z4CO2CZO3M3T10
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 Option granted over ordinary shares of 5p each
Identification code GB0003308607
b) Nature of the transaction Acceptance of a grant of a share option over ordinary shares of 5p each on 07
March 2025, pursuant to the terms of the LTIP and DBP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.05 LT
IP
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£0.05 DBP nominal-cost share option of 1,706 ordinary 5p shares.
d) Aggregated information Aggregated Volume 54,532
Price £2,726.60
e) Date of the transaction 07 March 2025
f) Place of the transaction Outside a trading venue
1 Details of the persons discharging managerial responsibilities
a) Name(s) Derek Harding
2 Reason for the notification
a) Position/status Director and PDMR
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Spectris plc
b) LEI 213800Z4CO2CZO3M3T10
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 Option granted over ordinary shares of 5p each
Identification code GB0003308607
b) Nature of the transaction Acceptance of a grant of a share option over ordinary shares of 5p each on 07
March 2025, pursuant to the terms of the LTIP and DBP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.05 LT
IP
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£0.05 DBP nominal-cost share option of 5,484 ordinary 5p shares.
d) Aggregated information Aggregated Volume 62,065
Price £3,103.25
e) Date of the transaction 07 March 2025
f) Place of the transaction Outside a trading venue
Name of contact and telephone number for queries:
Stephanie Dyer
Group Reward Executive
07386 686 720
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Date: 10 March 2025
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