Treatt PLC Director/PDMR Shareholding (5808O)
18 May 2018 - 8:13PM
UK Regulatory
TIDMTET
RNS Number : 5808O
Treatt PLC
18 May 2018
18 May 2018
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
In accordance with the requirements of the EU Market Abuse
Regulation, the Company received notification by certain Directors
on 17 May 2018 of the following transactions.
Awards granted pursuant to the 2014 Long Term Incentive Plan
("2014 LTIP) to Daemmon Reeve, Chief Executive Officer, and Richard
Hope, Chief Financial Officer, in 2014 and vested in full on 15
December 2017, were subject to performance criteria based upon the
average annual growth in pre-exceptional basic earnings per share
over a three-year period.
Awards granted pursuant to an Unapproved Share Option, which was
granted to Daemmon Reeve in 2012 and vested in full on 14 December
2017, was also subject to performance criteria based upon the
average annual growth in pre-exceptional basic earnings per share
over a five-year period.
Restricted Stock Units (RSUs) were granted to Daemmon Reeve in
2014 pursuant to an all staff award for eligible US employees,
which were granted on terms consistent with awards made to UK
employees under the Treatt Plc Share Incentive Plan.
These vestings and exercises are detailed below, including the
number of Ordinary Shares each sold at a price of 486 pence per
share to satisfy the tax and national insurance liabilities and
administrative fees arising on exercise:
Ordinary Ordinary Ordinary Ordinary Resultant Resultant
Shares Shares Shares Shares interest % holding
received received received sold in Ordinary in
pursuant pursuant pursuant Shares total
to 2014 to Unapproved to Restricted issued
LTIP Share Stock share
Option Units capital
Scheme
--------- ----- ---------- --------------- --------------- --------- ------------- -----------
Daemmon
Reeve CEO 164,816 78,195 366 105,868 302,861 0.52%
Richard
Hope CFO 128,400 - - 60,348 286,451 0.49%
Further details regarding the 2014 LTIP, the Unapproved Share
Option and the Restricted Stock Units are set out in the Company's
2017 Annual Report.
Contact details
Anita Steer
Company Secretary
++ 44 1284 770028
Details of the Director
---- ----------------------------------------------------------------------------------------------------------------
a) Name 1. Daemmon Reeve
2. Richard Hope
---- ------------------------------------ --------------------------------------------------------------------------
2 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. Only:
a) Exercise of 2014 LTIP
b) Exercise of 2012 Unapproved Share Option
c) Exercise of All Staff RSUs
d) Sale of shares to satisfy UK & US tax liabilities and
subscription for 2012 Unapproved
Share Option
2. Only:
e) Exercise of 2014 LTIP
f) Sale of shares to satisfy tax UK liabilities
---- ------------------------------------ --------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ------------------------------------ ------------------------------------ ------------------------------------
1a) nil cost 164,816
1b) GBP0.79 78,195
1c) nil cost 366
1d) GBP4.86 105,868
2a) nil cost 128,400
2b) GBP4.86 60,348
------------------------------------------------------------------------------ ------------------------------------
Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
------------------------------------ -------------------------------------------------------------------------------
e) Date of the transaction 17 May 2018
---- ------------------------------------ --------------------------------------------------------------------------
f) Place of the transaction London Stock Exchange, XLON
---- ------------------------------------ --------------------------------------------------------------------------
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 18, 2018 06:13 ET (10:13 GMT)
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