REG - Treatt PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">TET.L</Origin>

TreattAnnouncement

15/12/2015 11:01

RNS Number : 1081J
Treatt PLC
15 December 2015
15 December 2015
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors 
Treatt announces that awards were made to the following Directors under the Treatt Plc Long Term Incentive Plan ('LTIP') as detailed below:
Director
Daemmon Reeve
Richard Hope
Position
CEO
Group Finance Director
Scheme
LTIP - Restricted Stock Units
LTIP - Nil Cost Options
Date on which options become exercisable
14 December 2018 
14 December 2018
Exercise Price Per Share
nil
nil
Description of shares involved
176,040 Ord shares 
110,678 Ord shares 
Number of shares over which options held following notification
466,702
270,562 
175,708 of the Restricted Stock Units granted to Daemmon Reeve were awarded pursuant to the Remuneration Policy for Executive Directors and, along with those granted to Richard Hope, are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three year period. The awards, or a proportion of them, only vest if the performance criteria is satisfied at the date on which vesting occurs. 
332 of the Restricted Stock Units granted to Daemmon Reeve were awarded pursuant to an all staff award for eligible US employees, which were granted on terms consistent with awards made to UK employees under the Treatt Plc Share Incentive Plan ('SIP'), which awarded 525 of Free Shares to eligible employees. 
Restricted Stock Units are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the LTIP.
Additionally, the Directors have acquired the following shares:
Director
Daemmon Reeve
Richard Hope
Position
CEO
Group Finance Director
Purchase:
No shares
Price paid
Date of transaction
Registered holder
2,400
165.5p
11.12.15
Daemmon Reeve
600
165.5p
11.12.15
Richard Hope
All Employee SIP:
Free Shares
Partnership Shares 
Matching Shares 
Date of transaction
Registered holder
-
-
-
-
-
319
1094
1094
14.12.15
Treatt SIP Trustees Limited
Price paid Partnership Shares
-
164.5p
Beneficial Holding
134,876
180,828 
Percentage of ISC
0.257%
0.344%
The Free Shares and Matching Shares are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the SIP.


Contact details
Anita Steer
Company Secretary
++ 44 1284 770028
END

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