16 December 2022
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
Treatt announces that awards were made to the following Directors under the Treatt Plc Long Term Incentive Plan ('LTIP') and Share Incentive Plan ('SIP') as detailed below.
The LTIP's are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period. The awards, or a proportion of them, only vest if the performance criteria is satisfied at the date on which vesting occurs.
Additionally, the Directors have acquired Free and Matching shares consistent with awards made to all UK employees under the SIP which awarded £700 of Free Shares to eligible employees. Matching Shares are only awarded to those that have purchased Partnership Shares and are awarded on a 1:1.5 basis. The Free Shares and Matching Shares are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the SIP.
| 1 | Details of the Director | |||
| a) | Name | Daemmon Reeve | ||
| 2 | Reason for the notification | |||
| a) | Position/status | CEO | ||
| b) | Initial notification/Amendment | Initial Notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Treatt Plc | ||
| b) | LEI | 213800G40JM9F7G9LG39 | ||
| 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 Identification code | Ordinary share of 2 pence each
GB00BKS7YK08 | ||
| b) | Nature of transaction | a) Award of LTIP b) Award of Free Shares c) Purchase of Partnership Shares d) Award of Matching Shares | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| |
| a) £6.60 b) £6.60 c) £6.60 d) £6.60 | 82,386 106 273 409 | |
| | Aggregated information - Aggregated volume - Price |
83,174 £6.60 | ||
| e) | Date of the transaction | 14 December 2022 | ||
| f) | Place of the transaction | Outside a trading venue | ||
| 1 | Details of the Director | |||
| a) | Name | Daemmon Reeve | ||
| 2 | Reason for the notification | |||
| a) | Position/status | CEO | ||
| b) | Initial notification/Amendment | Initial Notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Treatt Plc | ||
| b) | LEI | 213800G40JM9F7G9LG39 | ||
| 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 Identification code | Ordinary share of 2 pence each
GB00BKS7YK08 | ||
| b) | Nature of transaction | Award of LTIP | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| | | a) £11.20 | 52,232 | |
| | Aggregated information - Aggregated volume - Price |
52,232 £11.20 | ||
| e) | Date of the transaction | 1 February 2022 | ||
| f) | Place of the transaction | Outside a trading venue | ||
| 1 | Details of the Director | |||
| a) | Name | Ryan Govender | ||
| 2 | Reason for the notification | |||
| a) | Position/status | CFO | ||
| b) | Initial notification/Amendment | Initial Notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Treatt Plc | ||
| b) | LEI | 213800G40JM9F7G9LG39 | ||
| 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 Identification code | Ordinary share of 2 pence each
GB00BKS7YK08 | ||
| b) | Nature of transaction | a) Award of LTIP b) Purchase of Partnership Shares c) Award of Matching Shares
| ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| | | a) £6.60 b) £6.60 c) £6.60
| 44,431 272 408 | |
| | Aggregated information - Aggregated volume - Price |
45,111 £6.60 | ||
| e) | Date of the transaction | 14 December 2022 | ||
| f) | Place of the transaction | Outside a trading venue | ||
Contact details
Vanessa Myatt
Deputy Company Secretary
+ 44 1284 702500
END
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