REG-Vesuvius Plc: Director/PDMR Shareholding

VesuviusAnnouncement

21/06/2023 10:00

Vesuvius plc  

                    

21 June 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 Buy-out Awards for Mark Collis under the Vesuvius Share Plan

 

Vesuvius plc (the "Company") announces that on 20 June 2023, restricted share
awards (the "Awards") were granted over the Company's ordinary shares
("Shares") to the Mark Collis, a person discharging managerial
responsibilities in the Company under the Vesuvius Share Plan in the form
indicated in the table below:

 

        Maximum Number of Shares under Award ("Award Shares")  Earliest Vesting date  Vesting Conditions                                                                                           
        1,349                                                  20 June 2023           None                                                                                                         
        835                                                    11th March 2024        None                                                                                                         
        23,820*                                                8th April 2024         Subject to John Wood Group plc vesting performance as determined by the Vesuvius plc Remuneration Committee  
        1,662                                                  8th April 2024         None                                                                                                         
        23,129                                                 10th March 2025        None                                                                                                         
        145                                                    27th April 2025        None                                                                                                         
        5,955*                                                 9th March 2026         Subject to John Wood Group plc vesting performance as determined by the Vesuvius plc Remuneration Committee  
 Total  56,895                                                                                                                                                                                     

 

*The number of Award Shares set out above which reflect the value of awards
being bought out under the John Wood Group LTIP Plan, is the maximum number
which may vest under the Awards. The actual number of Award Shares which vest
will depend upon the extent to which the Remuneration Committee determines
that the performance conditions have been satisfied by John Wood Group plc.
The performance conditions applicable to these awards are based 50% on John
Wood Group's Relative TSR, 20% on EBITDA margin percentage improvement, 20% on
Revenue growth and 10% on ESG framework.

 

The Share price used to determine the number of Shares under awards was 387.29
pence being the mid-market closing price average for the 30 day period from 5
December 2022 to 3 January 2023, the day prior to the date the offer of
employment was made to Mark Collis, (excluding the non-trading days) and
Vesuvius close period days (2/3 January).

 

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                                                         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 recruitment buy-out share awards under the Vesuvius Share Plan                                                                                             
 c)  Price(s) and volume(s)                                                                                                                                                                                                           
                                                                                                           Price(s)                                 Volume(s)                                                                         
                                                                                                           387.29 pence                             1,349                                                                             
                                                                                                           387.29 pence                             835                                                                               
                                                                                                           387.29 pence                             23,820                                                                            
                                                                                                           387.29 pence                             1,662                                                                             
                                                                                                           387.29 pence                             23,129                                                                            
                                                                                                           387.29 pence                             145                                                                               
                                                                                                           387.29 pence                             5,955                                                                             
                                                                                                                                                                                                                                      
 d)  Aggregated information                                                                                                                                                                                                           
                                                                                                                                                                                                                                      
     - Aggregated volume                                          56,895                                                                                                                                                              
                                                                                                                                                                                                                                      
     - Aggregated Price  - Aggregated Total                       387.29 pence  £220,349                                                                                                                                              
                                                                                                                                                                                                                                      
 e)  Date of the transaction                                      20 June 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



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