Source - LSE Regulatory
RNS Number : 7172V
Vesuvius plc
11 April 2023
 

Vesuvius plc  

                    

11 April 2023

 

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 2023 Long Term Incentive Share Awards

 

Vesuvius plc (the "Company") announces that on 6 April 2023, 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

355,599

Nil-cost Option

Mark Collis

142,7991

Nil-cost Option

1.   Pro-rated award based on date of joining 1 April 2023.

 

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 2023 Awards will be based 40% on total shareholder return (TSR) performance, 40% on post-tax ROIC (ROIC) achievement and 20% on Environmental, Social and Governance (ESG) targets, as described in the Company's 2022 Annual Report.

 

The 2023 Awards are subject to a holding period which will run until the fifth anniversary of the grant date.

 

The Share price used to determine the number of Shares under awards was 404.95 pence being the average of the middle market quotation at close of business over the 30 days ending on Wednesday 5 April 2023.

 

The Vesuvius Share Plan was approved by shareholders at the General Meeting on 18 May 2022.

 

Name of contact and telephone number for queries:

 

Henry Knowles, General Counsel and Company Secretary

+44 (0) 20 7822 0000



 



 

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)




404.95 pence

355,599







d)

 

Aggregated information




- Aggregated volume

355,599



- Aggregated Price

 

- Aggregated Total

 

404.95 pence

 

£1,439,998



e)

 

Date of the transaction

 

6 April 2023

f)

 

Place of the transaction

 

London - outside a trading venue

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark Collis

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)




404.95 pence

142,799







d)

 

Aggregated information




- Aggregated volume

142,799



- Aggregated Price

 

- Aggregated Total

404.95 pence

 

£578,265



e)

 

Date of the transaction

 

6 April 2023

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHGPUBUCUPWGQU
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Vesuvius PLC (VSVS)

+3.50p (+0.74%)
delayed 17:10PM