Source - LSE Regulatory
RNS Number : 0194U
Lamprell plc
30 November 2021
 

 

 

 

30 November 2021

 

 

LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")

 

Director/PDMR Shareholding

 

 

Lamprell today announces the following conditional share awards granted under the Performance Share Plan ("PSP") and the Retention Share Plan ("RSP"), both of which were approved  at the 2021 Annual General Meeting in August 2021 ("2021 AGM"), to the executive Directors and persons discharging managerial responsibility within the Company. These awards include both an award for 2021 as part of the annual remuneration review and also a one-off grant of retention shares under the RSP to replace the awards which did not take place in 2020 due to restrictions on Lamprell's ability to make grants last year.  This latter award follows shareholder approval for such replacement awards at the 2021 AGM and completion of the recent equity raise, and the award is conditional on the terms detailed in the Remuneration Policy as set out in the Company's 2020 annual report and accounts (available on our website at www.lamprell.com).  The Board continues to believe that the awards are in our shareholders' best interests as being appropriate to ensure the retention and incentivisation of the senior management team to deliver the strategy and turnaround. 

 

The awards will vest on the third anniversary of the date of grant and, in the case of the PSP, subject to achievement of performance conditions.  The number of shares subject to the award is determined by using the closing middle market price of a Lamprell ordinary share on the average of the twenty dealing days up to the day prior to the date of grant, being 39.56 per share.

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Christopher McDonald

2.

Reason for the notification

 

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell PSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

1,990,398

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

 

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Christopher McDonald

2.

Reason for the notification

 

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell RSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

995,199

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

 

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Antony Wright

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

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell PSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

932,644

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

 

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Antony Wright

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

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell RSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

466,322

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

 

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Peter Ireton

2.

Reason for the notification

 

a)

Position/status

VP of Business Development

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell PSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

394,610

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Peter Ireton

2.

Reason for the notification

 

a)

Position/status

VP of Business Development

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell RSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

460,379

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alex Ridout

2.

Reason for the notification

 

a)

Position/status

General Counsel & Company Secretary

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell PSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

249,248

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alex Ridout

2.

Reason for the notification

 

a)

Position/status

General Counsel & Company Secretary

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell RSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

373,872

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kaye Krause-Whiteing

2.

Reason for the notification

 

a)

Position/status

VP HR and Corporate Services

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell PSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

223,135

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

 

f)

Place of the transaction

Dubai

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kaye Krause-Whiteing

2.

Reason for the notification

 

a)

Position/status

VP HR and Corporate Services

b)

Initial notification/Amendment

Initial notification

3.

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

 

a)

Name

Lamprell plc

 

b)

LEI

2138008NUMXRMIEDF538

 

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

Awards of Ordinary Shares of 5p each

 


 

ISIN:- GB00B1CL5249


b)

Nature of the transaction

Grant of performance share awards over Ordinary Shares under the rules of the Lamprell RSP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil cost

334,703

d)

Aggregated information

-

Aggregated volume

-

Price


e)

Date of the transaction

29 November 2021

 

f)

Place of the transaction

Dubai

 

 

 

- Ends -

 

Enquiries:

 

 

Lamprell plc

 

Alex Ridout, Company Secretary

+971 (0) 4 803 9308



Tulchan Communications, London

+44 (0) 207 353 4200

Martin Robinson


Martin Pengelley


Guy Bates


 

 

 

 

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END
 
 
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