REG - Vesuvius plc - Director/PDMR Shareholding

VesuviusAnnouncement

15/03/2019 15:50

RNS Number : 0728T
Vesuvius plc
15 March 2019
 


Vesuvius plc  
                    
15 March 2019
 
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 2019 Long Term Incentive Share Awards
 
Vesuvius plc (the "Company") announces that on 14 March 2019, 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


197,400


Nil-cost Option




Guy Young


86,362


Nil-cost Option




Tanmay Ganguly


53,051


Nil-cost Option




Roel van der Sluis


55,378


Conditional Award




Glenn Cowie


55,930


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 2019 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2018 Annual Report.
 
The 2019 Awards are subject to a holding period which will run until the fifth anniversary of the grant date.
 
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 £6.079 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 13 March 2019.
 
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 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)
















£6.079


197,400






























d)
 


Aggregated information


















- Aggregated volume


197,400














- Aggregated Price
 
- Aggregated Total
 


£6.079
 
£1,199,994














e)
 


Date of the transaction
 
 


14 March 2019




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)
















£6.079


86,362






























d)
 


Aggregated information


















- Aggregated volume


86,362














- Aggregated Price
 
- Aggregated Total


£6.079
 
£524,994














e)
 


Date of the transaction
 
 


14 March 2019




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)
















£6.079


53,051






























d)
 


Aggregated information


















- Aggregated volume


53,051














- Aggregated Price
 
- Aggregated Total


£6.079
 
£322,497














e)
 


Date of the transaction
 
 


14 March 2019




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 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)
















£6.079


55,378






























d)
 


Aggregated information


















- Aggregated volume


55,378














- Aggregated Price
 
- Aggregated Total


£6.079
 
£336,642














e)
 


Date of the transaction
 
 


14 March 2019




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)
















£6.079


55,930






























d)
 


Aggregated information


















- Aggregated volume


55,930














- Aggregated Price
 
- Aggregated Total


£6.079
 
£339,998














e)
 


Date of the transaction
 
 


14 March 2019




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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