REG - Victrex PLC - Director/PDMR Shareholding

VictrexAnnouncement

10/02/2023 14:15

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RNS Number : 6220P  Victrex PLC  10 February 2023

10 February 2023

Victrex plc (the Company)

Grant of Options under the Victrex plc 2015 UK Sharesave Plan

Notification of transactions by directors/persons discharging managerial
responsibilities

Victrex plc announces that it has launched two 2023 Save As You Earn Schemes
(the "SAYE Scheme").  The SAYE Scheme is an all-employee scheme which gives
the opportunity to eligible UK employees to acquire shares at a discount, over
3 or 5 years.

Eligible employees were invited to subscribe for options over the Company's
ordinary shares of 1p each ("Shares"), with an exercise price of £13.936 per
share representing a 20% discount to the closing mid-market price on 11
January 2023, the day before the invitation to participate was made.    The
exercise price was calculated in accordance with the rules of the SAYE.  The
options have a savings start date of 1 April 2023 and will normally be
exercisable for 6 month period commencing 1 April 2026 for the 3 Year
contract, and 1 April 2028 for the 5 Year contract.

A total of 463 employees elected to participate in the 2023 SAYE Scheme
accordingly a total of 374,055 options were granted on 9 February 2023.  In
consideration of these options, the grantees will make monthly savings during
the associated savings contract.

The following Persons Discharging Managerial Responsibility ("PDMRs") have
chosen to participate in the 2023 SAYE Scheme:

 Name              Position            No. of shares under options granted  Savings Contract Period
 Jakob Sigurdsson  Executive Director  2,152                                5 Years
 Martin Court      Executive Director  645                                  3 Years
 Ian Melling       Executive Director  1,291                                3 Years

 

The FCA notification, made in accordance with the requirements of the EU
Market Abuse Regulation is appended below and gives further details on the
option grants for directors and PDMRs.

 

 

 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         1.   Jakob Sigurdsson

                                                                  2.   Martin Court

                                                                  3.   Ian Melling
 2   Reason for the notification
 a)  Position/status                                              Executive Director (PDMR)
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Victrex plc
 b)  LEI                                                          213800UYNPHAUNHPXL67
 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  Option over ordinary shares of 1p each

     Identification code

                                                                  GB0009292243
 b)  Nature of the transaction                                    Option granted under the Company's all-employee HMRC approved Save As You Earn
                                                                  scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of
                                                                  £13.936.
 c)  Price(s) and volume(s)

  Price(s)  Volume(s)
                                                                  1.  £13.936   2,152
                                                                  2.  £13.936   645
                                                                  3.  £13.936   1,291

 
 d)  Aggregated information

     - Aggregated volume                                          N/A

     - Price                                                      N/A

 e)  Date of the transaction                                      9 February 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

N/A

 

e)

Date of the transaction

9 February 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

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