REG - Vesuvius plc - Director/PDMR Shareholding <Origin Href="QuoteRef">VSVS.L</Origin>

VesuviusAnnouncement

17/03/2017 15:25

RNS Number : 8515Z
Vesuvius plc
17 March 2017
Vesuvius Plc 
 
17 March 2017
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 2017 Long Term Incentive Share Awards
Vesuvius plc (the "Company") announces that on 16 March 2017, 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
Francois Wanecq 
225,967
Nil-cost Option
Guy Young
93,355
Nil-cost Option
Tanmay Ganguly
42,129
Nil-cost Option
Patrick Andre
60,413
Conditional Award
Roel van der Sluis
51,792
Conditional Award
Glenn Cowie
64,610
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 2017 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2016 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 5.222 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 15 March 2017.
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 
Francois Wanecq
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)



5.222
225,967






d) 
Aggregated information 



- Aggregated volume
225,967


- Aggregated Price
- Aggregated Total
5.222
1,180,000


e) 
Date of the transaction 
16 March 2017
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)



5.222
93,355






d) 
Aggregated information 



- Aggregated volume
93,355


- Aggregated Price
- Aggregated Total
5.222
487,500


e) 
Date of the transaction 
16 March 2017
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)



5.222
42,129






d) 
Aggregated information 



- Aggregated volume
42,129


- Aggregated Price
- Aggregated Total
5.222
219,998


e) 
Date of the transaction 
16 March 2017
f) 
Place of the transaction 
London - outside a trading venue
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Patrick Andre
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)



5.222
60,413






d) 
Aggregated information 



- Aggregated volume
60,413


- Aggregated Price
- Aggregated Total
5.222
315,477


e) 
Date of the transaction 
16 March 2017
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 Vesuvius North Asia
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)



5.222
51,792






d) 
Aggregated information 



- Aggregated volume
51,792


- Aggregated Price
- Aggregated Total
5.222
270,458


e) 
Date of the transaction 
16 March 2017
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)



5.222
64,610






d) 
Aggregated information 



- Aggregated volume
64,610


- Aggregated Price
- Aggregated Total
5.222
337,393


e) 
Date of the transaction 
16 March 2017
f) 
Place of the transaction 
London - outside a trading venue

This information is provided by RNS
The company news service from the London Stock Exchange
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