Source - LSE Regulatory
RNS Number : 7296U
Vivo Energy PLC
08 April 2021
 

8th April 2021

Vivo Energy plc (the "Company")

(LSE: VVO / JSE: VVO)

Notification of Transactions by Directors

 

On 7 April 2021, Vivo Energy plc granted to certain Directors nil-cost options (the Awards) over ordinary shares of the Company (the Shares). The Awards were granted under the 2018 Long Term Incentive Plan as set out below:

 Name

Position

Number of Shares

Christian Chammas

Chief Executive Officer

1,651,528

Doug Lafferty

Chief Financial Officer

825,764

 

Consistent with practice in prior years, the Awards will be subject to the satisfaction of performance conditions relating to EPS, Return on Average Capital Employed and Relative TSR measured over three financial years between 1 January 2021 to 31 December 2023 and continued employment over the relevant period.

Due to ongoing market uncertainty, the detailed targets for these awards are still in the process of being finalised.  The Committee is mindful of current investor best practice guidance relating to target setting for 2021 long-term incentives awards, and intends to publish the targets for this award on the Company's website once finalised.

Following the assessment of performance conditions after the end of the performance period, Awards are subject to a holding period of 2 years, during which period the Awards may not normally be exercised.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation and provides further details of the Award:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christian Chammas

2

Reason for the notification

a)

Position/status

Director and PDMR

b)

Initial/Amendment notification

Initial Notification

3

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

a)

Name

Vivo Energy plc

b)

LEI

213800TR7V9QN896AU56    

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

Nil-cost options over ordinary shares of Vivo Energy plc

 

 

ISIN: GB00BDGT2M75

b)

Nature of the transaction

Grant of nil-cost options under the 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

£Nil

1,651,528 shares

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

Aggregated Volume

Price

1,651,528 shares

 

£Nil

e)

Date of the transaction

7 April 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Doug Lafferty

2

Reason for the notification

a)

Position/status

Director and PDMR

b)

Initial/Amendment notification

Initial Notification

3

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

a)

Name

Vivo Energy plc

b)

LEI

213800TR7V9QN896AU56

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

Nil-cost options over ordinary shares of Vivo Energy plc

 

ISIN: GB00BDGT2M75

b)

Nature of the transaction

Grant of nil-cost options under the 2018 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

£Nil

825,764 shares

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

Aggregated Volume

Price

 

 

825,764 shares

 

£Nil

e)

Date of the transaction

7 April 2021

f)

Place of the transaction

Outside a trading venue

 

 

ENDS

 

For further information, please contact:

 

Minna Gonzalez-Gomez

Group Company Secretary

+44 2030 343 718

Minna.Gonzalez-Gomez@vivoenergy.com 

 

 

About Vivo Energy:

 

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.

 

Vivo Energy has its primary listing on the London Stock Exchange and secondary listing on the Johannesburg Stock Exchange.

 

For more information about Vivo Energy please visit www.vivoenergy.com

 

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