REG - Vesuvius plc - Director/PDMR Shareholding

VesuviusAnnouncement

16/03/2018 16:00

RNS Number : 0415I
Vesuvius plc
16 March 2018
Vesuvius 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 Deferred Share Bonus Plan Awards
Vesuvius plc (the "Company") announces that on 15 March 2018, deferred share bonus plan 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 Deferred Share Bonus Plan in accordance with the Company's Remuneration Policy, in the form indicated in the table below:
Name
Maximum number of Shares under Award ("Award Shares")
Form of Award
Patrick Andr
10,128
Conditional Award
Guy Young
18,118
Conditional Award
These awards represent the deferment, into shares, of 33% of the 2017 Annual Bonus earned by the individuals in respect of their service as Executive Directors during 2017. Awards under the Deferred Share Bonus Plan will normally vest following the third anniversary of the award date.
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
10,128






d)
Aggregated information



- Aggregated volume
10,128


- Aggregated Price
- Aggregated Total
6.045
61,223


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
18,118






d)
Aggregated information



- Aggregated volume
18,118


- Aggregated Price
- Aggregated Total
6.045
109,523


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
www.vesuvius.com

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