Vesuvius Plc - Director/PDMR Shareholding
10 Aprile 2024 - 3:56PM
UK Regulatory
Vesuvius Plc - Director/PDMR Shareholding
PR Newswire
LONDON, United Kingdom, April 10
Vesuvius
plc
10 April 2024
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 2024 Long Term Incentive Share
Awards
Vesuvius
plc (the "Company") announces that on 8
April 2024, 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
|
Performance
Conditions1.
|
Patrick
André
|
310,721
|
Nil-cost
Option
|
Vesting is
subject to TSR, ROIC and ESG performance conditions
|
Mark
Collis
|
135,940
|
Nil-cost
Option
|
Vesting is
subject to TSR, ROIC and ESG performance conditions
|
-
The performance conditions
applicable to the 2024 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 2023 Annual
Report.
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 2024
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
486.61 pence being the average of the
middle market quotation at close of business over the 30 days
ending on Sunday 7 April
2024.
The
Vesuvius Share Plan was approved by shareholders at the Annual
General Meeting on 18 May 2022 and
was amended at the Annual General Meeting on 18 May 2023.
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 award under the Vesuvius Share Plan
|
c)
|
Price(s) and
volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
486.61
pence
|
310,721
|
|
|
|
|
|
|
d)
|
Aggregated
information
|
|
|
|
-
Aggregated volume
|
310,721
|
|
|
-
Aggregated Price
|
486.61
pence
|
|
|
-
Aggregated Total
|
£1,511,999
|
|
|
e)
|
Date of the
transaction
|
8
April 2024
|
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 award under the Vesuvius Share Plan
|
c)
|
Price(s) and
volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
486.61
pence
|
135,940
|
|
|
|
|
|
|
d)
|
Aggregated
information
|
|
|
|
-
Aggregated volume
|
135,940
|
|
|
-
Aggregated Price
|
486.61
pence
|
|
|
-
Aggregated Total
|
£661,497
|
|
|
e)
|
Date of the
transaction
|
8
April 2024
|
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
Grafico Azioni Vesuvius (LSE:VSVS)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Vesuvius (LSE:VSVS)
Storico
Da Mag 2023 a Mag 2024