VCT Victrex Plc

TIDMVCT

RNS Number : 2450C

Victrex PLC

06 February 2020

6 February 2020

Victrex plc

Grant of Options under the rules of the Victrex plc 2015 UK Sharesave Plan

Notification of transactions by directors/persons discharging managerial responsibilities

The Company announces the following transaction by a PDMR in the Company's ordinary 1p shares ("Shares"):

Pursuant to invitations issued on 9 January 2020 to all eligible UK employees, options over an aggregate of 83,980 Shares were granted on 5 February 2020 under the Company's UK SAYE Scheme (the "Scheme"). The Scheme is an all-employee scheme which gives the opportunity to eligible UK employees to acquire Shares at a discount of 20% of the market value of the Shares at the time the invitation was issued.

Options granted to a PDMR;

 
 Name             Position               No. of shares   Savings Contract 
                                          under options       Period 
                                             granted 
 
   Martin Court     Executive Director         450            3 Years 
                 ---------------------  ---------------  ---------------- 
 

In consideration of these options, the grantees will make monthly savings during the associated savings contract. The exercise price is GBP19.97 per share.

These options will normally be exercisable during a 6 month period commencing 1 April 2023 for a 3 Year contract.

    1.   This announcement is an initial announcement. 
   2.   The Company's identification code is GB0009292243. 
   3.   The grant of the SAYE options occurred outside a trading venue. 

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Martin Court 
     =============================== 
 2    Reason for the notification 
 a)   Position/status                  Executive Director 
     =============================== 
 b)   Initial notification/Amendment   Initial Notification 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                             Victrex plc 
 b)   LEI                              213800UYNPHAUNHPXL67 
     =============================== 
 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                   Option over ordinary shares of 1p each 
       the financial 
       instrument, type 
       of instrument                    GB0009292243 
 
       Identification 
       code 
     =============================== 
 b)   Nature of the                    Option granted under the Company's all-employee 
       transaction                      HMRC approved Save As You Earn scheme 
                                        (Victrex plc 2015 UK Sharesave Plan) with 
                                        an exercise price of 19.97p 
 c)   Price(s) and                                   Price(s)    Volume(s) 
       volume(s)                                       GBP19.97       450 
                                                                ---------- 
     =============================== 
 d)   Aggregated information 
       - Aggregated                      N/A 
       volume                            N/A 
       - Price 
 e)   Date of the transaction          5 February 2020 
     =============================== 
 f)   Place of the                     Outside a trading venue 
       transaction 
===  ===============================  ================================================ 
 

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END

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February 06, 2020 09:34 ET (14:34 GMT)

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