Source - LSE Regulatory
RNS Number : 3540T
Vectura Group plc
24 March 2021
 

 

VECTURA GROUP PLC

DIRECTOR/PDMR SHARE DEALING

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)

Chippenham, UK, 24 March 2021: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 24 March 2021, the following Persons Discharging Managerial responsibility ("PDMRs") were granted share awards over ordinary shares of 0.0271 pence each in Vectura Group plc under the Vectura 2015 Long Term Incentive Plan and the 2017 Deferred Share Bonus Plan, as set out below:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Will Downie

Paul Fry

2

Reason for Notification

a)

Position/status

Chief Executive Officer

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Vectura Group plc

b)

LEI

213800SR8BL1K6EPX533

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 Shares of 0.0271 pence each in Vectura Group plc

GB00BKM2MW97

b)

Nature of the transaction

1. Grant of an award under the Company's Long Term Incentive Plan as an option with an exercise price of 0.0271 pence per share.  No consideration is payable for the award. Vesting is normally 3 years after grant subject to (i) stretching performance targets over 3 financial years commencing with the year of grant and (ii) continued service. Awards are subject to a 2 year post vesting holding period.

 

Information regarding the performance conditions for the 2021 awards will be provided in due course in the Directors' Remuneration Report included in the Company's Report and Accounts for 2021.

 

2. Grant of an award under the Company's Deferred Share Bonus Plan as an option with an exercise price of 0.0271 pence per share.  No consideration is payable for the award. Vesting is normally 2 years after grant, subject to continued service.

 

c)

Price(s) and volume(s)

 

1. LTIP award

PDMR

Price(s)

Volume(s)

Will Downie

£0.000271

755,949

Paul Fry

£0.000271

612,848

 

2. DSBP award

PDMR

Price(s)

Volume(s)

Will Downie

nil

108,025

Paul Fry

nil

81,089

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

Will Downie


LTIP

DSBP

Aggregated volume

755,949

108,025

Price

£0.000271

Nil

Paul Fry


LTIP

DSBP

Aggregated volume

612,848

81,089

Price

£0.000271

Nil

 

 

e)

Date of the transaction

24 March 2021

f)

Place of the transaction

Outside a trading venue

 

 

Enquiries:

 

John Murphy, Company Secretary  Tel:       + 44 (0)207 881 1206

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