Vesuvius plc
8 April 2025
Notification of Transactions of Persons Discharging Managerial Responsibilities
This notification is made in accordance with Article 19 of the UK Market Abuse Regulation.
Grant of 2025 Long Term Incentive Share Awards
Vesuvius plc (the "Company") announces that on 7 April 2025, performance share awards (the "Awards") were granted over the Company's ordinary shares ("Shares") under the Vesuvius Share Plan in the form indicated in the table below to the following persons discharging managerial responsibilities in the Company:
Name
Maximum number of Shares under Award ("Award Shares")
Form of Award
Performance Conditions1.
Patrick André
399,589
Nil-cost Option
Vesting is subject to TSR, ROIC and ESG performance conditions
Mark Collis
175,116
Nil-cost Option
Vesting is subject to TSR, ROIC and ESG performance conditions
The performance conditions applicable to the 2025 Awards will be based 40% on total shareholder return (TSR) performance, 40% on post-tax ROIC (ROIC) achievement and 20% on Environmental, Social and Governance (ESG) targets, as described in the Company's 2024 Annual Report.
The number of Award Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the award date. The actual number of Award Shares which vest will depend upon the extent to which performance conditions have been satisfied.
The 2025 Awards are subject to a holding period which will run until the fifth anniversary of the grant date.
The Share price used to determine the number of Shares under awards was 389.74 pence being the average of the middle market quotation at close of business over the 30 days ending on Sunday 6 April 2025.
The Vesuvius Share Plan was approved by shareholders at the Annual General Meeting on 18 May 2022 and was amended at the Annual General Meeting on 18 May 2023.
Name of contact and telephone number for queries:
Henry Knowles, General Counsel and Company Secretary
+44 (0) 20 7822 0000
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Patrick André
2
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Vesuvius plc
b)
LEI
213800ORZ521W585SY02
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
Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares
Identification code
ISIN: GB00B82YXW83
b)
Nature of the transaction
Grant of performance share award under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
389.74 pence
399,589
d)
Aggregated information
- Aggregated volume
399,589
- Aggregated Price
389.74 pence
- Aggregated Total
£1,557,358
e)
Date of the transaction
7 April 2025
f)
Place of the transaction
London - outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Collis
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Vesuvius plc
b)
LEI
213800ORZ521W585SY02
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
Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares
Identification code
ISIN: GB00B82YXW83
b)
Nature of the transaction
Grant of performance share award under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
389.74 pence
175,116
d)
Aggregated information
- Aggregated volume
175,116
- Aggregated Price
389.74 pence
- Aggregated Total
£682,497
e)
Date of the transaction
7 April 2025
f)
Place of the transaction
London - outside a trading venue
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
www.vesuvius.com
