REG - Stelrad Group PLC - Director/PDMR Shareholding

StelradAnnouncement

18/03/2024 16:15

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RNS Number : 2950H  Stelrad Group PLC  18 March 2024

18 March 2024

Stelrad Group PLC

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

Stelrad Group PLC (the "Company") announces that, on 18 March 2024, awards in
the form of conditional rights to acquire ordinary shares in the Company
("Shares") were granted under the Company's Long Term Incentive Plan to the
Executive Directors of the Company, as detailed below.

 

 Name            Role                     Number of Shares Awarded
 Trevor Harvey   Chief Executive Officer  230,663
 Annette Borén   Chief Financial Officer  111,972

 

The vesting of awards is subject to the achievement of EPS and TSR performance
targets assessed over a three-year period ending 31 December 2026, full
details of which can be found in the Company's 2023 Annual Report and
Accounts. The number of shares in respect of which the 2024 Awards shall vest,
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                                       230,663

 d)  Aggregated information

     - Aggregated volume

     - Price

                                                                  N/A single transactions

 e)  Date of the transaction                                      18 March 2024

 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                                                         Annette Borén

 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                                       111,972

 d)  Aggregated information

     - Aggregated volume

     - Price

                                                                   N/A single transactions

 e)  Date of the transaction                                      18 March 2024

 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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