REG - Treatt PLC - Director/PDMR Shareholding

TreattAnnouncement

18/12/2018 15:55

RNS Number : 8807K
Treatt PLC
18 December 2018
 


18 December 2018
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') and Share Incentive Plan ('SIP') as detailed below.
The LTIP's 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. 
Additionally, the Directors have acquired Free and Matching shares consistent with awards made to all UK employees under the SIP which awarded £600 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.







Details of the Director




a)
 
 


Name


1.    Daemmon Reeve
2.    Richard Hope








Reason for the notification




a)
 
 


Position/status


1.    CEO
2.    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




b)


Nature of transaction


1      and 2:
a)    Award of LTIP
b)    Award of Free Shares
c)    Purchase of Partnership Shares
d)    Award of Matching Shares 




c)


Price(s) and volume(s)


Price(s)


Volume(s)












1 a) £4.10
1 b) £4.05
1 c) £4.05
1 d) £4.05
2 a) £4.10
2 b) £4.05
2 c) £4.05
2 d) £4.05


80,487
148
444
666
53,658
148
444
666








Aggregated information
-      Aggregated volume
-      Price 


 
1)    81,745       2) 54,916




e)


Date of the transaction


14 December 2018




f)


Place of the transaction


Outside a trading venue



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




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END
 
 
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