Spectris PLC Director/PDMR Shareholding (6347X)
August 13 2018 - 7:51AM
UK Regulatory
TIDMSXS
RNS Number : 6347X
Spectris PLC
13 August 2018
SPECTRIS plc: DIRECTOR/PDMR SHAREHOLDING
OPTIONS EXERCISED UNDER THE SPECTRIS PERFORMANCE SHARE PLAN (THE
"PSP") BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
("PDMRs")
Spectris plc announces that on 10 August 2018 Clive Watson,
a director and PDMR of Spectris plc (the "Company"), acquired
3,802 ordinary shares of 5p each ("Ordinary Shares") in
the Company following the exercise of options granted under
the terms of the PSP on 6 March 2015.
Of the 3,802 Ordinary Shares acquired, 1,859 were sold
to fund the option cost and the income tax / national insurance
liability at a sale price of GBP24.37 and the remaining
1,943 Ordinary Shares were retained.
The information set out below is provided in accordance
with the requirements of Article 19(3) of the EU Market
Abuse Regulation No 596/2014 and provides further detail:
1 Details of the persons discharging managerial responsibilities
a) Name(s) Clive Watson, Group Finance Director
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2 Reason for the notification
a) Position/status Director/PDMR
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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
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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 Ordinary shares of 5p each
financial instrument,
type of instrument
Identification code GB0003308607
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b) Nature of the transaction (i) Exercise of options over 3,802 Ordinary
Shares under the terms of the PSP granted
on 6 March 2015.
(ii) Subsequent sale of 1,859 Ordinary Shares
to cover option cost and income tax / national
Insurance liabilities arising on exercise.
The remaining shares (1,943) were retained.
--------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------------
(i) Acquisition
GBP0.05 3,410 (Share Award granted as a
nominal cost option under the terms
GBPnil of the PSP)
251 (Dividend equivalent shares
GBP21.972 awarded in lieu of dividend accrual
on nominal cost option)
141 (Share Award granted as a tax-advantaged
market value option under the terms
of the PSP)
-------------------- -------------------------------------------------
(ii) Sale
GBP24.37 1,859
---------------------------------------------------------- -------------------------------------------------
d) Aggregated information (i) Volume (Shares Acquired) 3,802
------------------------------------- --------------------------------
(i) Price (Shares Acquired) GBP3,268.55
------------------------------------- --------------------------------
(ii) Volume (Shares
Sold) 1,859
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(ii) Price (Shares Sold) GBP45,303.83
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e) Date of the transaction 10 August 2018
-------------------------------- -----------------------------------------------------------------------
f) Place of the transaction Acquisition - outside a trading venue
Sale - London Stock Exchange: LON
-------------------------------- -----------------------------------------------------------------------
Name of contact and telephone number for queries:
Rebecca Dunn
Deputy Company Secretary
01784 470 470
LEI Number: 213800Z4CO2CZO3M3T10
Date: 13 August 2018
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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