REG - Vesuvius plc - Director/PDMR Shareholding

VesuviusAnnouncement

11/04/2023 09:30

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RNS Number : 7172V  Vesuvius plc  11 April 2023

Vesuvius plc

 

11 April 2023

 

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 2023 Long Term Incentive Share Awards

 

Vesuvius plc (the "Company") announces that on 6 April 2023, 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 André   355,599                                                Nil-cost Option
 Mark Collis     142,799(1)                                             Nil-cost Option

1.   Pro-rated award based on date of joining 1 April 2023.

 

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 2023 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 2022 Annual Report.

 

The 2023 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 404.95
pence being the average of the middle market quotation at close of business
over the 30 days ending on Wednesday 5 April 2023.

 

The Vesuvius Share Plan was approved by shareholders at the General Meeting on
18 May 2022.

 

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 awards under the Vesuvius Share Plan

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         404.95 pence          355,599

 d)   Aggregated information

      - Aggregated volume                                          355,599

      - Aggregated Price                                           404.95 pence

      - Aggregated Total                                           £1,439,998

 e)   Date of the transaction                                      6 April 2023

 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 awards under the Vesuvius Share Plan

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         404.95 pence          142,799

 d)   Aggregated information

      - Aggregated volume                                          142,799

      - Aggregated Price                                           404.95 pence

      - Aggregated Total                                           £578,265

 e)   Date of the transaction                                      6 April 2023

 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 (http://www.vesuvius.com)

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