Spectris plc: Director/PDMR Shareholding
This notification is made under Article 19(1) of the EU Market Abuse Regulation 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and relates to the grant of share awards under the terms of the Spectris Deferred Bonus Plan ("DBP") to persons discharging managerial responsibilities ("PDMRs").
On 12 April 2021, Spectris plc (the "Company") was informed that, on the same day, the Executive Directors and PDMRs of the Company accepted awards granted by the Company of nominal-cost share options over ordinary 5p shares on 17 March 2021, pursuant to the terms of the DBP ("DBP Awards"), as set out below:
| Name | Position | Number of shares awarded |
| Derek Harding | Chief Financial Officer | 3,776 |
| Andrew Heath | Chief Executive | 5,819 |
The total number of ordinary shares over which these DBP Awards were accepted on 12 April 2021 represents less than 0.1% of the Company's issued ordinary share capital on that date.
No consideration was paid for the grant of the DBP Awards. The DBP Awards are not subject to performance conditions. All DBP Awards are subject to malus and clawback provisions. DBP Awards will normally vest, and become exercisable, on the third anniversary of the date of grant subject to continued employment and to the extent permitted following any operation of malus and clawback provisions. The nominal award price payable by each participant on the exercise of these DBP Awards is 5 pence per share.
More details on the DBP are contained within the 2020 Remuneration Policy available on the Company's website, www.spectris.com.
The information set out below is provided in accordance with the requirements of Article 19(3) of MAR and provides further detail:
| 1 | Details of the persons discharging managerial responsibilities | |||
| a) | Name(s) | Derek Harding
| ||
| 2 | Reason for the notification | |||
| a) | Position/status | Director and PDMR | ||
| b) | Initial notification/Amendment | Initial Notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Spectris plc | ||
| b) | LEI | 213800Z4CO2CZO3M3T10 | ||
| 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 | Share option granted over ordinary 5p shares each
| ||
| b) | Nature of the transaction | Acceptance of a grant of a share option over ordinary shares of 5p each on 12 April 2021, pursuant to the terms of the DBP. | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| £0.05 | Nominal-cost share option of 3,776 ordinary 5p shares | |||
| d) | Aggregated information | Aggregated Volume | n/a | |
| Price | n/a | |||
| e) | Date of the transaction | 12 April 2021 | ||
| f) | Place of the transaction | Outside a trading venue | ||
| 1 | Details of the persons discharging managerial responsibilities | |||
| a) | Name(s) | Andrew Heath
| ||
| 2 | Reason for the notification | |||
| a) | Position/status | Director and PDMR | ||
| b) | Initial notification/Amendment | Initial Notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Spectris plc | ||
| b) | LEI | 213800Z4CO2CZO3M3T10 | ||
| 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 | Share option granted over ordinary 5p shares each
| ||
| b) | Nature of the transaction | Acceptance of a grant of a share option over ordinary shares of 5p each on 12 April 2021, pursuant to the terms of the DBP. | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| £0.05 | Nominal-cost share award of 5,819 ordinary 5p shares | |||
| d) | Aggregated information | Aggregated Volume | n/a | |
| Price | n/a | |||
| e) | Date of the transaction | 12 April 2021 | ||
| f) | Place of the transaction | Outside a trading venue | ||
Name of contact and telephone number for queries:
Eliza Unwin
Senior Assistant Company Secretary
07785421875
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Date: 12 April 2021
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