7
February 2025
Victorian Plumbing Group
plc
("Victorian Plumbing" or the "Company")
Director / PDMR LTIP
Awards
Victorian Plumbing (AIM: VIC),
the UK's leading bathroom
retailer, makes the following
announcement in accordance with the requirements of Article 19(3)
of the Market Abuse Regulation (596/2014EU), which is part
of UK law by virtue of the European
Union (Withdrawal) Act 2018, in respect of ordinary shares
of £0.001 each in the capital of the Company
("Ordinary Shares").
On 6 February 2025, awards over
Ordinary Shares (the "FY25 Awards") were made under the Victorian
Plumbing Group plc Long Term Incentive Plan (the "LTIP"). Following
the making of the FY25 Awards, the Ordinary Share interests of the
under-noted Directors / Persons Discharging Managerial
Responsibility have changed.
The FY25 Awards under the LTIP, made
for nil consideration, were:
(a) for Mark Radcliffe,
options granted with an exercise price equivalent to the nominal
value of an Ordinary Share; and
(b) for Daniel Barton, nil
cost options.
|
Director/PDMR
|
Role
|
Number of Ordinary Shares over which
Awards are made
|
|
Mark Radcliffe
|
Chief Executive Officer
|
715,884
|
|
Daniel Barton
|
Chief Financial Officer
|
490,380
|
The vesting of the FY25 Awards is
subject to the following targets:
(a) 62.5% is subject to an
adjusted diluted earnings per share target;
(b) 37.5% is subject to
continued employment,
both measured over the three-year
performance period ending 30 September 2027. A two-year
holding period will apply following the vesting date.
There were 327,474,016 Ordinary
Shares in issue at the time of this notification (not including
those Ordinary Shares which may be issued in accordance with the
FY25 Awards).
|
1.
|
Details of PDMR
|
|
(a)
|
Name
|
Mark Radcliffe
Daniel Barton
|
|
2.
|
Reason for notification
|
|
(a)
|
Position/Status
|
Mark Radcliffe - Chief Executive
Officer
Daniel Barton - Chief Financial Officer
|
|
(b)
|
Initial notification /
amendment
|
Initial Notification
|
|
3.
|
Details of the Issuer
|
|
(a)
|
Name
|
Victorian Plumbing Group
plc
|
|
(b)
|
LEI
|
894500R59II0S4WXGZ04
|
|
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 transaction(s) have been
conducted
|
|
(a)
|
Description of the financial
instrument
|
Ordinary shares of £0.001 each
("Ordinary Shares")
|
|
(b)
|
Nature of the transaction
|
Awards made pursuant to the Victorian
Plumbing Group plc Long Term Incentive Plan (FY25 award)
|
|
(c)
|
Price(s) and volume
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
Mark Radcliffe - award over 715,884
Ordinary Shares
|
|
Nil
|
Daniel Barton - award over
490,380Ordinary Shares
|
|
|
(d)
|
Aggregated information
|
n/a
|
|
(e)
|
Date of the transaction
|
6 February 2025
|
|
(f)
|
Place of the transaction
|
Outside a trading venue
|
-ENDS-
For
further information, please contact:
|
Victorian Plumbing Group plc
Mark Radcliffe, Chief Executive
Officer
Daniel Barton, Chief Financial
Officer
|
via
FTI Consulting
+44
20 3727 1000
|
|
FTI
Consulting (Financial PR)
Alex Beagley, Harriet Jackson, Amy
Goldup, Lia Bevan
|
+44
20 3727 1000
VictorianPlumbing@fticonsulting.com
|
|
Houlihan Lokey UK Ltd (Nominated Adviser)
Sam Fuller, Tim
Richardson
|
+44
20 7839 3355
|
|
|
|
|
Barclays Bank PLC (Joint Broker)
Nicola Tennent, Stuart
Muress
|
+44
20 7623 2323
|
|
|
|
|
Canaccord Genuity Limited (Joint Broker)
Bobbie Hilliam, Elizabeth Halley
Stott
|
+44
20 7597 5970
|
About Victorian Plumbing Group
Victorian Plumbing is
the UK's leading bathroom retailer, offering an
unrivalled high-quality product range and
excellent stock availability to B2C and trade
customers.
Victorian Plumbing offers its
customers a one-stop shop solution for the entire bathroom with own
and third party brands across a wide spectrum of price
points. Victorian Plumbing product design
and supply chain strengths are complemented by its creative and
brand-focused marketing strategy to drive significant and growing
traffic to its platforms.
Headquartered in the North West,
Victorian Plumbing employs staff across several locations
in the UK.
