Spectris PLC Director/PDMR Shareholding (0678U)
March 26 2019 - 10:30AM
UK Regulatory
TIDMSXS
RNS Number : 0678U
Spectris PLC
26 March 2019
Spectris plc: Director/PDMR Shareholding
This notification is made under Article 19(1) of the EU Market
Abuse Regulation 596/2014 ("MAR") and relates to the grant of share
awards under the terms of the Spectris plc Performance Share Plan
("PSP") to persons discharging managerial responsibilities
("PDMRs").
On 25 March 2019, the Company was informed that, on the same
day, the Executive Directors and PDMRs of Spectris plc (the
"Company") accepted awards granted by the Company of nominal-cost
share options over ordinary 5p shares on 7 March 2019, pursuant to
the terms of the PSP, as set out below:
Name Position Number of options
granted under the
Plan
Andrew Heath Chief Executive 45,710
------------------------- -------------------
Derek Harding Chief Financial Officer 35,593(1)
------------------------- -------------------
1 - Derek Harding's nominal -cost options are linked to a grant
of market-value share options ("Linked Options"). Linked Options
are granted up to the GBP30,000 limit under the HMRC's Company
Share Option Plan, For the avoidance of doubt, no additional gross
value can be delivered from the exercise of these Linked Options
under the terms of the PSP.
The total number of ordinary shares over which nominal-cost
share options were accepted on 25 March 2019 represents less than
0.1% of the Company's issued ordinary share capital on that
date.
No consideration was paid for the grant of the awards.
The vesting of these options is subject to the continued
employment of the Executive Directors and the satisfaction of
performance conditions set by the Remuneration Committee of the
Company. The options will normally vest on the later of the third
anniversary of grant and the determination of the performance
conditions and are then subject to an additional two-year holding
period. To the extent that the options vests, it is exercisable for
a period of five years from the end of the holding period.
The nominal option price payable by each participant on the
exercise of these options is 5 pence per share.
The information set out below is provided in accordance with the
requirements of Article 19(3) of MAR and provides further
detail:
1 Details of the persons discharging managerial responsibilities
a) Name(s) Andrew Heath
--------------------------------------------------------
2 Reason for the notification
a) Position/status Director and PDMR
--------------------------------------------------------
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
--------------------------------------------------------
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 Options granted over ordinary shares of 5p
financial instrument, each
type of instrument
Identification code
GB0003308607
--------------------------------------------------------
b) Nature of the transaction Acceptance of a grant of options over ordinary
shares of 5p each on 7 March 2019. pursuant
to the terms of the PSP.
-------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------------
GBP0.05 Nominal-c0st options over 45,710 ordinary
shares
---------- --------------------------------------------
d) Aggregated information Aggregated Volume n/a
--------------------------- ---------------------------
Price n/a
--------------------------- ---------------------------
e) Date of the transaction 25 March 2019
------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------------------
1 Details of the persons discharging managerial responsibilities
a) Name(s) Derek Harding
---------------------------------------------------------
2 Reason for the notification
a) Position/status Director and PDMR
---------------------------------------------------------
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
---------------------------------------------------------
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 Options over ordinary shares of 5p each
financial instrument,
type of instrument
Identification code GB0003308607
---------------------------------------------------------
b) Nature of the transaction Acceptance of a grant of options over ordinary
shares of 5p each on 7 March 2019, pursuant
to the terms of the PSP
-------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------------
GBP0.05 Nominal-cost options over 35,593 ordinary
shares
GBP26.69
Linked Options granted in accordance
with HMRC's Company Share Option Plan
over 1,124 ordinary shares
----------- --------------------------------------------
d) Aggregated information Aggregated Volume n/a
----------------------------- --------------------------
Price n/a
----------------------------- --------------------------
e) Date of the transaction 25 March 2019
------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------------------------
Name of contact and telephone number for queries:
Rebecca Dunn
Deputy Company Secretary
01784 470 470
For and on behalf of Spectris plc
Date: 26 March 2019
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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