TIDMTET

RNS Number : 8383Z

Treatt PLC

19 December 2017

19 December 2017

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

Treatt announces that awards were made to the following Directors under the Treatt Plc Long Term Incentive Plan ('LTIP') and Share Incentive Plan ('SIP') as detailed below.

The LTIP's are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three year period. The awards, or a proportion of them, only vest if the performance criteria is satisfied at the date on which vesting occurs.

Additionally, the Directors have acquired Free and Matching shares consistent with awards made to all UK employees under the SIP which awarded GBP575 of Free Shares to eligible employees. Matching Shares are only awarded to those that have purchased Partnership Shares and are awarded on a 1:1.5 basis. The Free Shares and Matching Shares are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the SIP.

 
       Details of the Director 
----  -------------------------------------------------------------------------------------------------- 
 a)    Name                                                        1. Daemmon Reeve 
                                                                    2. Richard Hope 
----  -----------------------------------------------------  ------------------------------------------- 
       Reason for the notification 
----  -------------------------------------------------------------------------------------------------- 
 a)    Position/status                                             1. CEO 
                                                                    2. CFO 
----  -----------------------------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment                          Initial Notification 
----  -----------------------------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
----  -------------------------------------------------------------------------------------------------- 
 a)    Name                                                    Treatt Plc 
----  -----------------------------------------------------  ------------------------------------------- 
 b)    LEI                                                     213800G40JM9F7G9LG39 
----  -----------------------------------------------------  ------------------------------------------- 
 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 
----  -------------------------------------------------------------------------------------------------- 
 b)    Nature of transaction                                       1 and 2: 
                                                                    a) Award of LTIP 
                                                                    b) Award of Free Shares 
                                                                    c) Purchase of Partnership Shares 
                                                                    d) Award of Matching Shares 
----  -----------------------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                                 Price(s)                   Volume(s) 
----  -----------------------------------------------------  -------------------------  ---------------- 
                                                              1 a) GBP4.52               67,477 
                                                               1 b) GBP4.465              128 
                                                               1 c) GBP4.465              403 
                                                               1 d) GBP4.465              604 
                                                               2 a) GBP4.52               44,690 
                                                               2 b) GBP4.465              128 
                                                               2 c) GBP4.465              403 
                                                               2 d) GBP4.465              604 
 ----------------------------------------------------------  -------------------------  ---------------- 
  Aggregated information 
   - Aggregated volume 
   - Price                                                           1) 68,612 2) 45,825 
 ----------------------------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                                     a) 18 December 2017 
                                                                    b - d) 15 December 2017 
----  -----------------------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                               Outside a trading venue 
----  -----------------------------------------------------  -------------------------------------------

Contact details

Anita Steer

Company Secretary

++ 44 1284 770028

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 19, 2017 10:46 ET (15:46 GMT)

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