Treatt PLC Notification of Transactions of Directors
18 December 2024 - 12:44AM
RNS Regulatory News
RNS Number : 4480Q
Treatt PLC
17 December 2024
17 December 2024
TREATT
PLC
("Treatt" or "the
Company")
Notification of Transactions of
Directors
Treatt announces that on 13 December
2024, awards were made to the following Executive Directors under
the Deferred Bonus Share Plan ('DBSP'), the Long-Term Incentive
Plan ('LTIP') and Share Incentive Plan ('SIP') as detailed
below.
The DBSP shares were awarded in respect of
bonuses earned for the financial year ended 30 September 2024 and
will vest on the second anniversary of the grant date.
The LTIP awards are subject to
performance criteria based on compound annual growth in adjusted
basic earnings per share (80% weighting) and return on average
annual return on capital employed (20% weighting) 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, the LTIP awards are subject to a further two-year holding
period.
Additionally, the Directors have acquired
Partnership and Matching Shares consistent with awards made to all
UK employees under the SIP, which awarded £700 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.
|
1
|
Details of the Director
|
|
a)
|
Name
|
David Shannon
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary share of 2 pence each
GB00BKS7YK08
|
|
b)
|
Nature of transaction
|
a) Award of
DBSP
b) Award of
LTIP
c) Purchase of
Partnership Shares
d) Award of
Matching Shares
|
|
c)
|
Price(s) and volume(s)
|
a) £4.62
b) £4.62
c) £4.62
d) £4.62
|
a) 4,029
b) 137,987
c) 389
d) 583
|
|
|
Aggregated information
-
Aggregated volume
-
Price
|
142,988
£4.62
|
|
e)
|
Date of the transaction
|
13 December 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the Director
|
|
a)
|
Name
|
Ryan Govender
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary share of 2 pence each
GB00BKS7YK08
|
|
b)
|
Nature of transaction
|
a) Award of
DBSP
b) Award of
LTIP
c) Award of Free
Shares
d) Purchase of
Partnership Shares
e) Award of
Matching Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
a) £4.62
b) £4.62
c) £4.62
d) £4.62
e) £4.62
|
a) 2,844
b) 97,402
c) 151
d) 108
e) 162
|
|
|
Aggregated information
-
Aggregated volume
-
Price
|
100,667
£4.62
|
|
e)
|
Date of the transaction
|
13 December 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Contact details
Abby Burton-Hopkins
Deputy Company Secretary
+ 44 1284 702500
END
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