REG - Treatt PLC - Notification of Transactions of Directors

TreattAnnouncement

15/12/2023 16:45

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RNS Number : 0435X  Treatt PLC  15 December 2023

15 December 2023

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

Treatt announces that on 13 December 2023, awards under the Treatt Plc
Deferred Bonus Share Plan ('DBSP'), Long Term Incentive Plan ('LTIP') and the
Share Incentive Plan ('SIP') were made to certain Directors, as detailed
below.

Awards in the form of nil-cost options over the Company's ordinary shares of 2
pence each were granted under the DBSP by the Remuneration Committee to the
Executive Directors of the Company. The awards were granted in respect of
bonuses earned for the financial year ended 30 September 2023 and will vest on
the second anniversary of the grant date.

The LTIP awarded to Ryan Govender is subject to performance criteria based
upon average compound annual growth in adjusted basic earnings per share (80%
weighting) and average return on average capital employed (20% weighting).
The awards, or a proportion of them, only vest if the performance criteria is
satisfied at the date on which vesting occurs, at three years and is subject
to a further two-year holding period.

Additionally, Ryan Govender has acquired Free Shares and Matching Shares
consistent with awards made to all UK employees under the SIP, which awarded
£700 of Free Shares to eligible employees. Matching Shares are only awarded
to those that have purchased Partnership Shares and are awarded on a 1:1.5
basis.  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.

 1   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  Ordinary share of 2 pence each

     Identification code

                                                                  GB00BKS7YK08
 b)  Nature of transaction                                        Award of 2023 DBSP
 c)  Price(s) and volume(s)                                       Price(s)                   Volume(s)
                                                                   £4.11                     11,086
     Aggregated information                                       N/A (Single transaction)

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                      13 December 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 1    Details of the Director
 a)   Name                                                         Ryan Govender
 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  Ordinary share of 2 pence each

      Identification code

                                                                   GB00BKS7YK08
 b)   Nature of transaction                                        a)    Award of DBSP

                                                                   b)    Award of LTIP

                                                                   c)    Award of Free Shares

                                                                   d)    Purchase of Partnership Shares

                                                                   e)    Award of Matching Shares
 c)   Price(s) and volume(s)                                       Price(s)                   Volume(s)
                                                                   a) £4.11                   98,540

                                                                   b) £4.11                   5,979

                                                                   c) £4.11                   170

                                                                   d) £4.11                   439

                                                                   e) £4.11                   658

      Aggregated information

      -      Aggregated volume                                     105,786

      -      Price                                                 £4.11
 e)   Date of the transaction                                      13 December 2023
 f)   Place of the transaction                                     Outside a trading venue

 

Contact details

Vanessa Myatt

Deputy Company Secretary

+ 44 1284 702500

END

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