REG - Victorian Plumbing - Director / PDMR LTIP Awards

Victorian PlumbingAnnouncement

07/02/2025 14:00

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RNS Number : 1897W  Victorian Plumbing Group PLC  07 February 2025

7 February 2025

 

Victorian Plumbing Group plc

("Victorian Plumbing" or the "Company")

 

Director / PDMR LTIP Awards

 

Victorian Plumbing (AIM: VIC), the UK's leading bathroom retailer, makes
the following announcement in accordance with the requirements of Article
19(3) of the Market Abuse Regulation (596/2014EU), which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018, in respect of
ordinary shares of £0.001 each in the capital of the Company ("Ordinary
Shares").

 

On 6 February 2025, awards over Ordinary Shares (the "FY25 Awards") were made
under the Victorian Plumbing Group plc Long Term Incentive Plan (the "LTIP").
Following the making of the FY25 Awards, the Ordinary Share interests of the
under-noted Directors / Persons Discharging Managerial Responsibility have
changed.

 

The FY25 Awards under the LTIP, made for nil consideration, were:

 

(a)  for Mark Radcliffe, options granted with an exercise price equivalent to
the nominal value of an Ordinary Share; and

 

(b)  for Daniel Barton, nil cost options.

 

 

 Director/PDMR   Role                     Number of Ordinary Shares over which Awards are made
 Mark Radcliffe  Chief Executive Officer  715,884
 Daniel Barton   Chief Financial Officer  490,380

 

The vesting of the FY25 Awards is subject to the following targets:

 

(a)  62.5% is subject to an adjusted diluted earnings per share target;

 

(b)  37.5% is subject to continued employment,

 

both measured over the three-year performance period ending 30 September
2027. A two-year holding period will apply following the vesting date.

 

There were 327,474,016 Ordinary Shares in issue at the time of this
notification (not including those Ordinary Shares which may be issued in
accordance with the FY25 Awards).

 

 1.   Details of PDMR
 (a)  Name                                     Mark Radcliffe

                                               Daniel Barton
 2.   Reason for notification
 (a)  Position/Status                          Mark Radcliffe - Chief Executive Officer

                                               Daniel Barton - Chief Financial Officer
 (b)  Initial notification / amendment         Initial Notification

 3.   Details of the Issuer
 (a)  Name                                     Victorian Plumbing Group plc

 (b)  LEI                                      894500R59II0S4WXGZ04

 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 transaction(s) have been conducted
 (a)  Description of the financial instrument  Ordinary shares of £0.001 each ("Ordinary Shares")

 (b)  Nature of the transaction                Awards made pursuant to the Victorian Plumbing Group plc Long Term Incentive
                                               Plan (FY25 award)

 (c)  Price(s) and volume                      Price(s)  Volume(s)
                                               Nil       Mark Radcliffe - award over 715,884 Ordinary Shares
                                               Nil       Daniel Barton - award over 490,380Ordinary Shares

 

 (d)  Aggregated information                   n/a

 (e)  Date of the transaction                  6 February 2025

 (f)  Place of the transaction                 Outside a trading venue

 

 

(d)

Aggregated information

n/a

 

(e)

Date of the transaction

6 February 2025

 

(f)

Place of the transaction

Outside a trading venue

 

 

 

-ENDS-

 

 

For further information, please contact:

 

 Victorian Plumbing Group plc                           via FTI Consulting

 Mark Radcliffe, Chief Executive Officer                +44 20 3727 1000

 Daniel Barton, Chief Financial Officer

 FTI Consulting (Financial PR)                          +44 20 3727 1000

 Alex Beagley, Harriet Jackson, Amy Goldup, Lia Bevan   VictorianPlumbing@fticonsulting.com

 Houlihan Lokey UK Ltd (Nominated Adviser)              +44 20 7839 3355

 Sam Fuller, Tim Richardson

 Barclays Bank PLC (Joint Broker)                       +44 20 7623 2323

 Nicola Tennent, Stuart Muress

 Canaccord Genuity Limited (Joint Broker)               +44 20 7597 5970

 Bobbie Hilliam, Elizabeth Halley Stott

 

About Victorian Plumbing Group

Victorian Plumbing is the UK's leading bathroom retailer, offering an
unrivalled high-quality product range and excellent stock availability to B2C
and trade customers.

Victorian Plumbing offers its customers a one-stop shop solution for the
entire bathroom with own and third party brands across a wide spectrum of
price points. Victorian Plumbing product design and supply chain strengths are
complemented by its creative and brand-focused marketing strategy to drive
significant and growing traffic to its platforms.

Headquartered in the North West, Victorian Plumbing employs staff across
several locations in the UK.

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