REG - Treatt PLC - Notification of Transactions of Directors

TreattAnnouncement

18/12/2019 16:05

RNS Number : 3836X
Treatt PLC
18 December 2019
 


18 December 2019
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification on 16 December 2019 of the following transactions.
 
An award granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP") to Richard Hope, Chief Financial Officer, in 2016 vested in full on 12 December 2019, 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 sold at a price of 451 pence per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:
 











Ordinary Shares received pursuant to 2014 LTIP


Ordinary Shares sold


Resultant interest in Ordinary Shares


Resultant % holding in total issued share capital


 




Richard Hope


CFO


68,392


32,144


394,941


 0.66%











 
 
Contact details
Anita Guernari
Company Secretary
++ 44 1284 770028
 
 
 



1


Details of the Director




a)
 
 


Name


Richard Hope




2


Reason for the notification




a)
 


Position/status


CFO




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 2016 LTIP
b)    Sale of shares to satisfy tax UK liabilities




c)


Price(s) and volume(s)


Price(s)


Volume(s)












a) nil cost
b) £4.51
 
 


68,392
32,144




d)


   Aggregated information
-      Aggregated volume
-      Price
 


N/A (Single transaction)




e)


Date of the transaction


16 December 2019




f)


Place of the transaction


a)    Outside a trading Venue
b)    London Stock Exchange, XLON



 
 
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