REG-Vesuvius Plc: Director/PDMR Shareholding

VesuviusAnnouncement

10/04/2024 15:00

Vesuvius plc  

                    

10 April 2024

 

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 2024 Long Term Incentive Share Awards

 

Vesuvius plc (the "Company") announces that on 8 April 2024, 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    Performance Conditions 1.                                       
 Patrick André   310,721                                                Nil-cost Option  Vesting is subject to TSR, ROIC and ESG performance conditions  
 Mark Collis     135,940                                                Nil-cost Option  Vesting is subject to TSR, ROIC and ESG performance conditions  
1. The performance conditions applicable to the 2024 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 2023 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 2024 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 486.61
pence being the average of the middle market quotation at close of business
over the 30 days ending on Sunday 7 April 2024.

 

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)                                                                         
                                                                                                           486.61 pence                             310,721                                                                           
                                                                                                                                                                                                                                      
 d)  Aggregated information                                                                                                                                                                                                           
                                                                                                                                                                                                                                      
     - Aggregated volume                                          310,721                                                                                                                                                             
                                                                                                                                                                                                                                      
     - Aggregated Price                                           486.61 pence                                                                                                                                                        
                                                                                                                                                                                                                                      
     - Aggregated Total                                           £1,511,999                                                                                                                                                          
                                                                                                                                                                                                                                      
 e)  Date of the transaction                                      8 April 2024                                                                                                                                                        
 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)                                                                         
                                                                                                           486.61 pence                             135,940                                                                           
                                                                                                                                                                                                                                      
 d)  Aggregated information                                                                                                                                                                                                           
                                                                                                                                                                                                                                      
     - Aggregated volume                                          135,940                                                                                                                                                             
                                                                                                                                                                                                                                      
     - Aggregated Price                                           486.61 pence                                                                                                                                                        
                                                                                                                                                                                                                                      
     - Aggregated Total                                           £661,497                                                                                                                                                            
                                                                                                                                                                                                                                      
 e)  Date of the transaction                                      8 April 2024                                                                                                                                                        
 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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