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RNS Number : 9547K Treatt PLC 28 December 2022
28 December 2022
TREATT PLC
("Treatt" or "the Company")
Notification of Transaction of Director
In accordance with the requirements of the EU Market Abuse Regulation, the
Company received notification on 23 December 2022 of the following
transaction.
An award granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP")
to Daemmon Reeve, Chief Executive Officer, in 2019 vested at 76% of award on
14 December 2022, was subject to performance criteria based upon the average
annual growth in pre-exceptional basic earnings per share over a three-year
period, and has subsequently been exercised .
This exercise is detailed below, including the number of ordinary shares of 2
pence each in the Company ("Ordinary Shares") sold by Daemmon Reeve at an
average price of £6.07 per share to satisfy the tax and national insurance
liabilities and administrative fees arising on exercise:
Ordinary Shares received pursuant to 2019 LTIP Ordinary Shares sold Resultant interest in Ordinary Shares Resultant % holding in total issued share capital
Daemmon Reeve CEO 56,223 26,424 553,324 0.9%
Contact details
Vanessa Myatt
Deputy Company Secretary
++ 44 1284 702500
1 Details of the person discharging managerial responsibilities / person closely
associated
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 Ordinary shares of 2 pence each
Identification code
GB00BKS7YK08
b) Nature of transaction Exercise of 2019 LTIP
c) Price(s) and volume(s) Price(s) Volume(s)
nil cost 56,223
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
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 Ordinary shares of 2 pence each
Identification code
GB00BKS7YK08
b) Nature of transaction Sale of Ordinary Shares to satisfy tax and national insurance liabilities
c) Price(s) and volume(s) Price(s) Volume(s)
£6.07 26,424
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
e) Date of the transaction 23 December 2022
f) Place of the transaction London Stock Exchange, XLON
END
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