TIDMMGGT

RNS Number : 4358J

Meggitt PLC

09 April 2020

Date: 9 April 2020

Meggitt PLC

(the "Company")

Director/PDMR Shareholdings

Awards granted on 7 April 2017 under the 2014 Long Term Incentive Plan ("LTIP") vested on 7 April 2020. Ms Thomas' award granted on 31 October 2017 under the Share Incentive and Retention Plan ("SIRP") also vested on 7 April 2020. In each case participants sold enough shares to cover tax and costs and retained the balance shares. All participants, except Mr Allen, retained the balance shares in their vested share account in the Meggitt Employees' Share Ownership Plan Trust. Mr Allen transferred the remainder to his brokerage account with Hargreaves Lansdown.

 
 
   Director/PDMR      Shares        Shares         Shares      Total shareholding     Total shareholding 
                      under        sold to        retained        as a result          as a percentage 
                      award       cover tax                      of transaction           of issued 
                                  and costs                                             share capital 
                                 at GBP2.6556 
 
    Chris Allen      68,595        32,305         36,290            314,685                 0.0403 
                   ---------  ---------------  -----------  ---------------------  --------------------- 
 
    Paul Devaux      24,111        4,953          19,158             40,565                 0.052 
                   ---------  ---------------  -----------  ---------------------  --------------------- 
 
   Marina Thomas 
       (LTIP)        19,528        9,197          10,331          43,565(1)              0.0056(1) 
                   ---------  ---------------  -----------  ---------------------  --------------------- 
 
   Marina Thomas 
       (SIRP)        10,000        4,710          5,290 
                   ---------  ---------------  -----------  ---------------------  --------------------- 
 

(1) These figures represent Ms Thomas' total shareholding, including the purchase noted below.

Ms Thomas also allowed her 2018 Sharesave Plan option over 1,921 shares with an option price of GBP3.7462 to lapse and purchased 7,103 shares at GBP2.8000 within an ISA held in her name.

 
  1     Details of the person discharging managerial responsibilities 
         / 
         person closely associated 
  a)    Name                        Chris Allen 
      --------------------------  ----------------------------------------------- 
  2     Reason for the notification 
      --------------------------------------------------------------------------- 
  a)    Position/status             President, Airframe Systems, PDMR 
      --------------------------  ----------------------------------------------- 
  b)    Initial notification        Initial 
         / 
         Amendment 
      --------------------------  ----------------------------------------------- 
  3     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
  a)    Name                        Meggitt PLC 
      --------------------------  ----------------------------------------------- 
  b)    LEI                         YMFO3TKB4UAWQTDZJJ31 
      --------------------------  ----------------------------------------------- 
  4     Details of the transaction(s): 
      --------------------------------------------------------------------------- 
  a)    Description of the          Ordinary shares of 5p each 
         financial instrument, 
         type of instrument 
                                     GB0005758098 
         Identification code 
      --------------------------  ----------------------------------------------- 
  b)    Nature of the                         1. Exercise of nil cost option 
         transaction                           under the 2014 
                                               Long Term Incentive Plan 
                                               2. Sale of shares resulting from 
                                               exercise to cover tax and costs 
                                               3. Transfer of shares to brokerage 
                                               account with Hargreaves Lansdowne 
      --------------------------  ----------------------------------------------- 
  c)    Price(s) and volume(s)         Price(s)              Volume(s) 
                                             1. GBP0.0000     68,595 
                                                            ----------- 
                                             2. GBP2.6556     32,305 
                                                            ----------- 
                                             3. GBP0.0000     36,290 
                                                            ----------- 
      --------------------------  ----------------------------------------------- 
  d)    Aggregated information 
 
         - Aggregated volume          n/a 
         - Price 
      --------------------------  ----------------------------------------------- 
  e)    Date of the transaction     1 and 2 took place on 7 April 
                                     2020 and 3 
                                     was instructed on 7 April 2020 
      --------------------------  ----------------------------------------------- 
  f)    Place of the transaction         1. Outside trading venue 
                                          2. London Stock Exchange - XLON 
                                          3. Outside trading venue 
      --------------------------  ----------------------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities 
         / 
         person closely associated 
  a)    Name                        Paul Devaux 
      --------------------------  --------------------------------------- 
  2     Reason for the notification 
      ------------------------------------------------------------------- 
  a)    Position/status             President Energy & Equipment and 
                                     Group 
                                     Operations Director, PDMR 
      --------------------------  --------------------------------------- 
  b)    Initial notification        Initial 
         / 
         Amendment 
      --------------------------  --------------------------------------- 
  3     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
  a)    Name                        Meggitt PLC 
      --------------------------  --------------------------------------- 
  b)    LEI                         YMFO3TKB4UAWQTDZJJ31 
      --------------------------  --------------------------------------- 
  4     Details of the transaction(s): 
      ------------------------------------------------------------------- 
  a)    Description of the          Ordinary shares of 5p each 
         financial instrument, 
         type of instrument 
                                     GB0005758098 
         Identification code 
      --------------------------  --------------------------------------- 
  b)    Nature of the                   1. Exercise of nil cost option 
         transaction                     under the 2014 
                                         Long Term Incentive Plan 
                                         2. Sale of shares resulting from 
                                         exercise to cover tax and costs 
      --------------------------  --------------------------------------- 
  c)    Price(s) and volume(s)         Price(s)              Volume(s) 
                                             1. GBP0.0000     24,111 
                                                            ----------- 
                                             2. GBP2.6556     4,953 
                                                            ----------- 
      --------------------------  --------------------------------------- 
  d)    Aggregated information 
 
         - Aggregated volume          n/a 
         - Price 
      --------------------------  --------------------------------------- 
  e)    Date of the transaction     All transactions took place on 
                                     7 April 2020 
      --------------------------  --------------------------------------- 
  f)    Place of the transaction         1. Outside trading venue 
                                          2. London Stock Exchange - XLON 
      --------------------------  --------------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities 
         / 
         person closely associated 
  a)    Name                        Marina Thomas 
      --------------------------  ---------------------------------------------- 
  2     Reason for the notification 
      -------------------------------------------------------------------------- 
  a)    Position/status             Group Company Secretary & EVP 
                                     Ethics and Communications, PDMR 
      --------------------------  ---------------------------------------------- 
  b)    Initial notification        Initial 
         / 
         Amendment 
      --------------------------  ---------------------------------------------- 
  3     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------- 
  a)    Name                        Meggitt PLC 
      --------------------------  ---------------------------------------------- 
  b)    LEI                         YMFO3TKB4UAWQTDZJJ31 
      --------------------------  ---------------------------------------------- 
  4     Details of the transaction(s): 
      -------------------------------------------------------------------------- 
  a)    Description of the          Ordinary shares of 5p each 
         financial instrument, 
         type of instrument 
                                     GB0005758098 
         Identification code 
      --------------------------  ---------------------------------------------- 
  b)    Nature of the                         1. Exercise of nil cost option 
         transaction                           under the 2014 
                                               Long Term Incentive Plan 
                                               2. Sale of shares resulting from 
                                               exercise to cover tax and costs 
                                               3. Exercise of conditional share 
                                               award 
                                               under the Share Incentive and 
                                               Retention 
                                               Plan 
                                               4. Sale of shares resulting from 
                                               exercise to cover tax and costs 
                                               5. Cancellation of 2018 Sharesave 
                                               Plan 
                                               option 
                                               6. Purchase of shares within an 
                                               ISA held 
                                               in the name of Marina Thomas 
      --------------------------  ---------------------------------------------- 
  c)    Price(s) and volume(s)         Price(s)              Volume(s) 
                                             1. GBP0.0000     19,528 
                                                            ----------- 
                                             2. GBP2.6556     9,197 
                                                            ----------- 
                                             3. GBP0.0000     10,000 
                                                            ----------- 
                                             4. GBP2.6556     4,710 
                                                            ----------- 
                                             5. GBP3.7462     1,921 
                                                            ----------- 
                                             6. 2.8000        7,103 
                                                            ----------- 
      --------------------------  ---------------------------------------------- 
  d)    Aggregated information 
 
         - Aggregated volume          n/a 
         - Price 
      --------------------------  ---------------------------------------------- 
  e)    Date of the transaction     All transactions took place on 
                                     7 April 2020 
      --------------------------  ---------------------------------------------- 
  f)    Place of the transaction         1. Outside trading venue 
                                          2. London Stock Exchange - XLON 
                                          3. Outside trading venue 
                                          4. London Stock Exchange - XLON 
                                          5. Outside trading venue 
                                          6. London Stock Exchange - XLON 
      --------------------------  ---------------------------------------------- 
 

Enquiries:

Meggitt PLC

Marina Thomas, Group Company Secretary ( marina.thomas@meggitt.com )

Katie Lewis, Senior Assistant Company Secretary ( katie.lewis@meggitt.com )

Simon Grant, Assistant Company Secretary ( simon.r.grant@meggitt.com )

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END

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