REG - Vesuvius plc - Director/PDMR Shareholding
RNS Number : 0423IVesuvius plc16 March 2018Vesuvius plc
16 March 2018
Notification of Transactions of Persons Discharging Managerial Responsibilities
This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.
Grant of 2018 Long Term Incentive Share Awards
Vesuvius plc (the "Company") announces that on 15 March 2018, performance share awards (the "Awards") were granted over the Company's ordinary shares ("Shares") to the following persons discharging managerial responsibilities in the Company under the Vesuvius Share Plan in the form indicated in the table below:
Name
Maximum number of Shares under Award ("Award Shares")
Form of Award
Patrick Andr
173,697
Nil-cost Option
Guy Young
86,848
Nil-cost Option
Tanmay Ganguly
49,627
Nil-cost Option
Roel van der Sluis
54,065
Conditional Award
Glenn Cowie
54,720
Conditional Award
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 performance conditions applicable to the 2018 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2017 Annual Report.
The Vesuvius Share Plan was approved by shareholders at the General Meeting on 26 November 2012.
The Share price used to determine the number of Shares under awards was 6.045 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 14 March 2018.
Name of contact and telephone number for queries:
Henry Knowles, General Counsel and Company Secretary
+44 (0) 20 7822 0000
Virginia Skroski, Investor Relations Manager
+44 (0) 20 7822 0016
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Patrick Andr
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 awards under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.045
173,697
d)
Aggregated information
- Aggregated volume
173,697
- Aggregated Price
- Aggregated Total
6.045
1,049,998
e)
Date of the transaction
15 March 2018
f)
Place of the transaction
London - outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Guy Young
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 awards under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.045
86,848
d)
Aggregated information
- Aggregated volume
86,848
- Aggregated Price
- Aggregated Total
6.045
524,996
e)
Date of the transaction
15 March 2018
f)
Place of the transaction
London - outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tanmay Ganguly
2
Reason for the notification
a)
Position/status
President Advanced Refractories
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 awards under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.045
49,627
d)
Aggregated information
- Aggregated volume
49,627
- Aggregated Price
- Aggregated Total
6.045
299,995
e)
Date of the transaction
15 March 2018
f)
Place of the transaction
London - outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Roel van der Sluis
2
Reason for the notification
a)
Position/status
President Flow Control
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 a conditional award over Vesuvius plc 10 pence ordinary shares
Identification code
ISIN: GB00B82YXW83
b)
Nature of the transaction
Grant of performance share awards under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.045
54,065
d)
Aggregated information
- Aggregated volume
54,065
- Aggregated Price
- Aggregated Total
6.045
326,823
e)
Date of the transaction
15 March 2018
f)
Place of the transaction
London - outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Glenn Cowie
2
Reason for the notification
a)
Position/status
President Foundry
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 a conditional award over Vesuvius plc 10 pence ordinary shares
Identification code
ISIN: GB00B82YXW83
b)
Nature of the transaction
Grant of performance share awards under the Vesuvius Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.045
54,720
d)
Aggregated information
- Aggregated volume
54,720
- Aggregated Price
- Aggregated Total
6.045
330,782
e)
Date of the transaction
15 March 2018
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
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHGGURCWUPRGAQ
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