VEC Vectura Group Plc

TIDMVEC

RNS Number : 8222I

Vectura Group plc

23 March 2018

VECTURA GROUP PLC

DIRECTOR/PDMR SHARE DEALING

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)

Chippenham, UK, 23 March 2018: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 23 March 2018, the following Persons Discharging Managerial responsibility ("PDMRs") were granted Share Awards over ordinary shares of 0.025 pence each in Vectura Group plc under the Vectura 2015 Long Term Incentive Plan, as set out below:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                             James Ward-Lilley 
---  -------------------------------  ------------------------------------ 
 2    Reason for Notification 
---  --------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
---  -------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------- 
 a)   Name                             Vectura Group plc 
---  -------------------------------  ------------------------------------ 
 b)   LEI 
---  -------------------------------  ------------------------------------ 
 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                   Ordinary Shares of 0.025 pence 
       the financial instrument,        each in Vectura Group plc 
       type of instrument               GB00B01D1K48 
       Identification 
       code 
---  -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Grant of an award under the 
                                        Company's Long Term Incentive 
                                        Plan as a nil exercise price 
                                        option. Vesting is subject 
                                        to (i) stretching performance 
                                        over 3 financial years commencing 
                                        with the year of grant and 
                                        (ii) continued service, and 
                                        is normally 3 years after 
                                        grant. Further details of 
                                        the performance targets will 
                                        be set out in the Directors' 
                                        Remuneration Report included 
                                        in the Company's Report an 
                                        Accounts. 
---  -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         Nil         1,286,051 
                                        ----------  ---------- 
---  -------------------------------  ------------------------------------ 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  ------------------------------------ 
 e)   Date of the transaction          23 March 2018 
---  -------------------------------  ------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------------ 
 

Enquiries:

   John Murphy, Company Secretary  Tel:       + 44 (0)207 881 0524 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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