REG - Van Elle HoldingsPLC - Director/PDMR LTIP Awards

Van Elle HoldingsAnnouncement

04/09/2024 07:00

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RNS Number : 7609C  Van Elle Holdings PLC  04 September 2024

4 September 2024

Van Elle Holdings plc

('Van Elle', the 'Company' or the 'Group')

 

Director/PDMR LTIP Awards

 

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering
contractor, announces that on 2 September 2024, awards were made over ordinary
shares of 2 pence each in the capital of the Company ("Ordinary Shares") under
the Long Term Incentive Plan 2016 ("LTIP") (the "Awards").

 

The Awards have been granted in the form of an option to acquire Ordinary
Shares at an exercise price of 2 pence each. The number of options which vest,
conditional upon continued employment, are subject to the Group achieving
certain performance criteria based on a combination of a Total Shareholder
Return and Return on Capital Employed targets, aligned to the Group's
medium-term financial objectives.

 

The Awards are governed by the rules of the LTIP, and subject thereto, vest on
the third anniversary of the date of grant to the extent determined in
accordance with the performance criteria.

 

The Awards were issued to certain directors and PDMRs of the Company, as set
out below:

 Director/PDMR    Position                 Number of ordinary shares over which Awards have been made
 Mark Cutler      Chief Executive Officer  759,804
 Graeme Campbell  Chief Financial Officer  431,593

 

For further information, please contact:

 Van Elle Holdings plc                                   Via Walbrook

 Mark Cutler, Chief Executive Officer

 Graeme Campbell, Chief Financial Officer

 Peel Hunt LLP (Nominated Adviser and corporate broker)  Tel: 020 7418 8900

 Ed Allsopp

 Charlotte Sutcliffe

 Tom Graham

 Walbrook PR Limited                                     Tel: 020 7933 8780

                                                         or vanelle@walbrookpr.com
 Tom Cooper                                              07971 221 972 or

 Nick Rome                                               07748 325 236

 

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering
contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a
wide range of ground engineering techniques and services including ground
investigation, general and specialist piling, rail geotechnical engineering,
modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: General Piling, Specialist Piling
and Rail, and Ground Engineering Services; and is focused on diverse end
markets including residential and housing, infrastructure and regional
construction - across which the Group has completed more than 20,000 projects
over the last 40 years. The Company acquired ScrewFast Foundations Limited in
April 2021 and Rock & Alluvium Limited in November 2023.

The information below (set out in accordance with the requirements of EU
Market Abuse Regulation) provides further detail:

 1.                  Details of the person discharging managerial responsibilities / person closely
                     associated
 a.                  Name                                                         Mr Mark Cutler
 2.                  Reason for the notification
 a.                  Position/status                                              Chief Executive Officer
 b.                  Initial notification                                         Initial notification

                     /Amendment
 3.                  Details of the issuer, emission allowance market participant, auction
                     platform, auctioneer or auction monitor
 a.                  Name                                                         Van Elle Holdings plc
 b.                  LEI                                                          213800LQC6YL8KJT1Y18
 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

                     Identification code

                                                                                  ISIN: GB00BYX4TP46
 b.                  Nature of the transaction                                    Grant of share options
 c.                  Price(s) and volume(s)                                                         Price(s)          Volume(s)
                     Nil                                                                            759,804

 d.                  Aggregated information                                        N/A

                     -       Aggregated volume

                     -       Price

 e.                  Date of the transaction                                      2 September 2024
 f.                  Place of the transaction                                     Outside of a trading venue

 

 

 1.                  Details of the person discharging managerial responsibilities / person closely
                     associated
 a.                  Name                                                         Mr Graeme Campbell
 2.                  Reason for the notification
 a.                  Position/status                                              Chief Financial Officer
 b.                  Initial notification                                         Initial notification

                     /Amendment
 3.                  Details of the issuer, emission allowance market participant, auction
                     platform, auctioneer or auction monitor
 a.                  Name                                                         Van Elle Holdings plc
 b.                  LEI                                                          213800LQC6YL8KJT1Y18
 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

                     Identification code

                                                                                  ISIN: GB00BYX4TP46
 b.                  Nature of the transaction                                    Grant of share options
 c.                  Price(s) and volume(s)                                                         Price(s)          Volume(s)
                     Nil                                                                            431,593

 d.                  Aggregated information                                        N/A

                     -       Aggregated volume

                     -       Price

 e.                  Date of the transaction                                      2 September 2024
 f.                  Place of the transaction                                     Outside of a trading venue

 

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