RNS Number : 0774L
Spectris PLC
16 April 2018
 

Spectris plc: Director/PDMR Shareholding

 

 

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 

On 16 April 2018, the Company's Executive Directors and PDMRs accepted grants made by Spectris plc ("the Company") of options over ordinary 5p shares pursuant to the terms of the Spectris plc Performance Share Plan ("the Plan"), as set out below.

 

Name

Position

Number of options granted under the Plan

John O'Higgins

Chief Executive

44,600

Clive Watson

Group Finance Director

28,280

Jo Hallas

Business Group Director

18,210

Andrew Harvey

Group Human Resources Director

13,450

Eoghan O'Lionaird

Business Group Director

18,210

Mark Serföz?

General Counsel and Company Secretary

23,690

Robert (Robin) Stopford

Head of Corporate Development

13,100

Kenneth Smith

President, Asia Pacific

7,120

 

The total number of ordinary shares over which nominal-cost options were accepted on 16 April 2018 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 an award is subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on the later of the third anniversary of grant and the determination of the performance conditions. To the extent that an award vests, it is exercisable for a period of seven years from the date of vesting. The awards made to John O'Higgins and Clive Watson are subject to an additional two-year holding period on vesting.

 

The option price payable by each participant on the exercise of his or her award is 5 pence per share.

 

The Company was informed of the above transactions on 16 April 2018.

  

 

1

Details of the persons discharging managerial responsibilities

a)

Name(s)

John O'Higgins, Chief Executive

Clive Watson, Group Finance Director

Joanna Hallas, Business Group Director

Andrew Harvey, Group Human Resources Director

Eoghan O'Lionaird, Business Group Director

Mark Serföz?, General Counsel and Company Secretary

Robert Stopford, Head of Corporate Development

Kenneth Smith, President, Asia Pacific

2

Reason for the notification

a)

Position/status

See 1a above

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 financial instrument, type of instrument

Identification  code

Options over ordinary shares of 5p each



GB0003308607

b)

Nature of the transaction

Acceptance of a grant of options over ordinary shares of 5p each pursuant to the terms of the Spectris plc Performance Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

John O'Higgins - options over 44,600 ordinary shares

Clive Watson - options over 28,280 ordinary shares

Joanna (Jo) Hallas - options over 18,210 ordinary shares

Andrew Harvey - options over 13,450 ordinary shares

Eoghan O'Lionaird - options over 18,210 ordinary shares

Mark Serföz? - options over 23,690 ordinary shares

Robert (Robin) Stopford - options over 13,100 ordinary shares

Kenneth Smith - options over 7,120 ordinary shares

 

 

d)

Aggregated information

Aggregated Volume

n/a

Price

n/a

e)

Date of the transaction

16 April 2018

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

LEI: 213800Z4CO2CZO3M3T10

 

Date: 16 April 2018


This information is provided by RNS
The company news service from the London Stock Exchange
 
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