REG - Stelrad Group PLC - Director/PDMR Shareholding

StelradAnnouncement

25/05/2022 17:30

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RNS Number : 8301M  Stelrad Group PLC  25 May 2022

25 May 2022

Stelrad Group PLC

('Stelrad' or the 'Company')

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

Stelrad announces the grant of awards over a total of 571,808 ordinary shares
of 0.1 pence each ("Ordinary Shares") in the Company to its Executive
Directors.

On 24 May 2022, the following conditional awards were granted to the Company's
Executive Directors, pursuant to the Company's Long Term Incentive Plan
("LTIP"):

 Name           Role                     Date of Grant of Awards  Number of Shares Awarded
 Trevor Harvey  Chief Executive Officer  24 May 2022              348,663
 George Letham  Chief Financial Officer  24 May 2022              223,145

 

The vesting of awards is subject to the achievement of three-year EPS and TSR
performance targets. Full details can be found in the Company's 2022 Annual
Report and Accounts. The number of shares in respect of which the 2022 Awards
shall vest and may be exercised, shall depend upon the extent to which the
performance conditions are satisfied. Once vested, Executive Directors' shares
will be required to be held for a further two years.

The Notification of Dealing Form for each PDMR can be found below.

This notification is made in accordance with Article 19 of the EU Market Abuse
Regulation.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name                                                         Trevor Harvey

 2   Reason for the notification

 a)  Position/status                                              Chief Executive Officer

 b)  Initial notification/ Amendment                              Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor

 a)  Name                                                         Stelrad Group PLC

 b)  LEI                                                          2138006LKVGN16PTVA73

 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 £0.001 each

     Identification code

                                                                  ISIN   GB00BMHRMV23
 b)  Nature of the transaction                                    Grant of awards, structured as conditional share awards, under the Stelrad

                                                            Group PLC Long Term Incentive Plan

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

                                                                  Nil                                       348,663

 d)  Aggregated information

     - Aggregated volume                                          348,663 Ordinary Shares of £0.001

     - Price

                                                                  Nil

 e)  Date of the transaction                                      24 May 2022

 f)  Place of the transaction                                     N/A- Outside of a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name                                                         George Letham

 2   Reason for the notification

 a)  Position/status                                              Chief Financial Officer

 b)  Initial notification/ Amendment                              Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor

 a)  Name                                                         Stelrad Group PLC

 b)  LEI                                                          2138006LKVGN16PTVA73

 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 £0.001 each

     Identification code

                                                                  ISIN   GB00BMHRMV23
 b)  Nature of the transaction                                    Grant of awards, structured as conditional share awards, under the Stelrad

                                                            Group PLC Long Term Incentive Plan

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

                                                                  Nil                                       223,145

 d)  Aggregated information

     - Aggregated volume                                          223,145 Ordinary Shares of £0.001 each

     - Price

                                                                  Nil

 e)  Date of the transaction                                      24 May 2022

 f)  Place of the transaction                                     N/A- Outside of a trading venue

 

 

 

Enquiries:

Computershare Company Secretarial Services Limited

StelradGroup-UKCoSec@computershare.co.uk

Company Secretary

 

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