REG - Spectris PLC - Director/PDMR Shareholding

SpectrisAnnouncement

27/03/2025 15:15

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RNS Number : 5619C  Spectris PLC  27 March 2025

Spectris plc: Director/PDMR Shareholding

 

This notification made under Article 19 of the Market Abuse Regulation (EU)
596/2014 as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR").

 

On 27 March 2025, Spectris plc (the "Company") was notified that on the 26
March 2025, Andrew Heath, Chief Executive, and Derek Harding, President,
Spectris Scientific acquired 61,399 and 47,808 ordinary shares of 5p each
("Ordinary Shares") in the Company respectively following the exercise of
options granted under the terms of the Spectris Long Term Incentive Plan
("LTIP") on 25 March 2020.

 

Of the 61,399 Ordinary Shares acquired by Mr Heath, 28,994 were sold to fund
the option cost and the income tax / national insurance liability at a sale
price of £24.1972 and the remaining 32,405 Ordinary Shares were retained and
immediately transferred into a nominee account on his behalf.

 

Of the 47,808 Ordinary Shares acquired by Mr Harding, 22,577 were sold to fund
the option cost and the income tax / national insurance liability at a sale
price of £24.1972 and the remaining 25,231 Ordinary Shares were retained and
immediately transferred into a nominee account on his behalf.

 

 

The forms for this transaction, as required under MAR, follows:

 

 1   Details of the persons discharging managerial responsibilities
 a)  Name(s)                                                      Andrew Heath, Chief Executive
 2   Reason for the notification
 a)  Position/status                                              Director/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  Ordinary shares of 5p each

     Identification code                                          GB0003308607

 

 

 b)  Nature of the transaction  (i)   Exercise of options over 61,399 Ordinary Shares under the terms of the
                                LTIP granted on 25 March 2020.

                                (ii)   Subsequent sale of 28,994 Ordinary Shares to cover option cost and
                                income tax / national Insurance liabilities arising on exercise.

                                (iii)  Transfer of remining 32,405 Ordinary Shares into a nominee account on
                                Mr Heath's behalf.

 c)  Price(s) and volume(s)     Price(s)                     Volume(s)
     (i)   Acquisition

     £0.05                                                                                54

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                                (ii)   Sale

                                £24.1972                     28,994
                                (iii)  Transfer

                                £nil                         32,405
 d)  Aggregated information     (i)   Acquisition

                                Price per share                                           £0.0444
                                Volume                                                    61,399
                                Price                                                     £2,725.50
                                (ii)   Sale
                                Price per share                                           £24.1972
                                Volume                                                    28,994
                                Price                                                     £701,573.62
                                (iii)  Transfer

                                Price per share                                           £0.0000
                                Volume                                                    32,405
                                Price                                                     £0.00
 e)  Date of the transaction    26 March 2025

 f)  Place of the transaction   Outside of a trading venue

 

 1   Details of the persons discharging managerial responsibilities
 a)  Name(s)                                                      Derek Harding, President Spectris Scientific
 2   Reason for the notification
 a)  Position/status                                              Director/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
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 5p each

     Identification code                                          GB0003308607
 b)  Nature of the transaction                                    (i)   Exercise of options over 47,808 Ordinary Shares under the terms of the
                                                                  LTIP granted on 25 March 2020.

                                                                  (ii)   Subsequent sale of 22,577 Ordinary Shares to cover option cost and
                                                                  income tax / national Insurance liabilities arising on exercise.

                                                                  (iii)  Transfer of remaining 25,231 Ordinary Shares into a nominee account on
                                                                  Mr Harding's behalf.

 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
     (i)   Acquisition

     £0.05                                                                                                  42,445 (Share Award granted as a nominal cost option under the terms of the

                                                                                                      LTIP)

                                                                                                      5,363 (Dividend equivalent shares awarded in lieu of dividend accrual on
     £0.00                                                                                                  nominal cost option)

                                                                  (ii)   Sale

                                                                  £24.1972                                  22,577
                                                                  (iii)  Transfer

                                                                  £nil                                      25,231

 

 d)  Aggregated information    (iv)  Acquisition

     Price per share                            £0.0444
     Volume                                     47,808
                               Price            £2,122.25
                               (v)  Sale
                               Price per share  £24.1972
                               Volume           22,577
                               Price            £546,300.18
                               (vi)  Transfer

                               Price per share  £0.0000
                               Volume           25,231
                               Price            £0.00
 e)  Date of the transaction   26 March 2025

 f)  Place of the transaction  Outside of 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: 27 March 2025

 

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