REG - Treatt PLC - Director/PDMR Shareholding

TreattAnnouncement

07/01/2019 14:50

RNS Number : 4131M
Treatt PLC
07 January 2019
 


7 January 2019
TREATT PLC
("Treatt" or "the Company")
Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification from Daemmon Reeve, Chief Executive Officer, on 4 January 2019 of the following transactions.
 
An award granted pursuant to the Long Term Incentive Plan, which was granted to Daemmon Reeve in 2015 ("2015 LTIP) and vested in full on 14 December 2018, was subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period. 
An award granted pursuant to an Unapproved Share Option, which was granted to Daemmon Reeve in 2013 and vested in full on 20 December 2018, was subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a five-year period. 
Restricted Stock Units (RSUs), which were granted to Daemmon Reeve in 2015 pursuant to an all staff award for eligible US employees, were granted on terms consistent with awards made to UK employees under the Treatt Plc Share Incentive Plan. 
These vestings and exercises are detailed below, including the number of Ordinary Shares each sold at a price of £4.418 per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:











Ordinary Shares received pursuant to 2015 LTIP


Ordinary Shares received pursuant to Unapproved Share Option Scheme


Ordinary Shares received pursuant to Restricted Stock Units


Ordinary Shares sold


Resultant interest in Ordinary Shares


Resultant % interest in total issued share capital




Daemmon Reeve


CEO


175,708


41,575


332


105,780


416,003


0.70%





































In addition, Daemmon Reeve transferred 20,000 Ordinary Shares to his wife for nil monetary consideration.
Further details regarding the 2015 LTIP, the Unapproved Share Option and the Restricted Stock Units are set out in the Company's 2018 Annual Report.
 
Contact details
Anita Steer
Company Secretary
++ 44 1284 770028
 
 
 



 


Details of the Director




a)
 


Name


Daemmon Reeve




2


Reason for the notification




a)
 


Position/status


CEO




b)


Initial notification/Amendment


Initial Notification




3


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




a)


Name


Treatt Plc




b)


LEI


213800G40JM9F7G9LG39




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
Identification code


Ordinary shares of 2 pence each
 
GB00BKS7YK08




b)


Nature of transaction


a)     Exercise of 2015 LTIP
b)    Exercise of 2013 Unapproved Share Option
c)     Exercise of All Staff RSUs
d)    Sale of shares to satisfy UK & US tax liabilities and subscription for 2013 Unapproved Share Option
e)    Transfer of shares to wife, Gemma Reeve




c)


Price(s) and volume(s)


Price(s)


Volume(s)












a)  Nil cost
b)  £1.472
c)  Nil cost
d) £4.418
e) Nil cost


175,708
41,575
332
105,780
20,000








Aggregated information
-      Aggregated volume
-      Price 


N/A (Single transaction)




e)


Date of the transaction


4 January 2019




f)


Place of the transaction


a), b), c) and e)  Outside a trading venue
d)   London Stock Exchange, XLON



 
 



 


Details of a Person Closely Associated




a)
 


Name


Gemma Reeve




2


Reason for the notification




a)
 


Position/status


PCA of Daemmon Reeve, CEO




b)


Initial notification/Amendment


Initial Notification




3


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




a)


Name


Treatt Plc




b)


LEI


213800G40JM9F7G9LG39




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
Identification code


Ordinary shares of 2 pence each
GB00BKS7YK08




b)


Nature of transaction


Transfer of shares for nil monetary consideration from Daemmon Reeve (husband)




c)


Price(s) and volume(s)


Price(s)


Volume(s)












Nil cost
 


20,000
 








Aggregated information
-      Aggregated volume
-      Price 


N/A (Single transaction)




e)


Date of the transaction


4 January 2019




f)


Place of the transaction


Outside a trading venue



 
 




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