Vesuvius plc Director/PDMR Shareholding (0728T)
16 March 2019 - 2:45AM
UK Regulatory
TIDMVSVS
RNS Number : 0728T
Vesuvius plc
15 March 2019
Vesuvius plc
15 March 2019
Notification of Transactions of Persons Discharging Managerial
Responsibilities
This notification is made in accordance with Article 19(3) of
the Market Abuse Regulation.
Grant of 2019 Long Term Incentive Share Awards
Vesuvius plc (the "Company") announces that on 14 March 2019,
performance share awards (the "Awards") were granted over the
Company's ordinary shares ("Shares") to the following persons
discharging managerial responsibilities in the Company under the
Vesuvius Share Plan in the form indicated in the table below:
Name Maximum number of Shares under Form of Award
Award ("Award Shares")
Patrick André 197,400 Nil-cost Option
------------------------------- ------------------
Guy Young 86,362 Nil-cost Option
------------------------------- ------------------
Tanmay Ganguly 53,051 Nil-cost Option
------------------------------- ------------------
Roel van der Sluis 55,378 Conditional Award
------------------------------- ------------------
Glenn Cowie 55,930 Conditional Award
------------------------------- ------------------
The number of Award Shares set out above is the maximum number
which may vest under the Awards, normally following the third
anniversary of the award date. The actual number of Award Shares
which vest will depend upon the extent to which performance
conditions have been satisfied.
The performance conditions applicable to the 2019 Awards will be
based half on total shareholder return (TSR) performance and half
on earnings per share (EPS), as described in the Company's 2018
Annual Report.
The 2019 Awards are subject to a holding period which will run
until the fifth anniversary of the grant date.
The Vesuvius Share Plan was approved by shareholders at the
General Meeting on 26 November 2012.
The Share price used to determine the number of Shares under
awards was GBP6.079 being the average of the middle market
quotation at close of business over the last 5 dealing days ending
on Wednesday 13 March 2019.
Name of contact and telephone number for queries:
Henry Knowles, General Counsel and Company
Secretary +44 (0) 20 7822 0000
Virginia Skroski, Investor Relations
Manager +44 (0) 20 7822 0016
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Patrick André
--------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Executive
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Vesuvius plc
--------------------------------------- ------------------------------------------
b) LEI 213800ORZ521W585SY02
--------------------------------------- ------------------------------------------
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 Performance share award in the form
financial instrument, of nil-cost options over Vesuvius
type of instrument plc 10 pence ordinary shares
Identification code ISIN: GB00B82YXW83
b) Nature of the transaction Grant of performance share awards
under the Vesuvius Share Plan
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
GBP6.079 197,400
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 197,400
- Aggregated Price GBP6.079
- Aggregated Total GBP1,199,994
e) Date of the transaction 14 March 2019
--------------------------------------- ------------------------------------------
f) Place of the transaction London - outside a trading venue
--------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Guy Young
--------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Vesuvius plc
--------------------------------------- ------------------------------------------
b) LEI 213800ORZ521W585SY02
--------------------------------------- ------------------------------------------
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 Performance share award in the form
financial instrument, of nil-cost options over Vesuvius
type of instrument plc 10 pence ordinary shares
Identification code ISIN: GB00B82YXW83
b) Nature of the transaction Grant of performance share awards
under the Vesuvius Share Plan
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
GBP6.079 86,362
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 86,362
- Aggregated Price GBP6.079
- Aggregated Total GBP524,994
e) Date of the transaction 14 March 2019
--------------------------------------- ------------------------------------------
f) Place of the transaction London - outside a trading venue
--------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tanmay Ganguly
--------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status President Advanced Refractories
--------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Vesuvius plc
--------------------------------------- ------------------------------------------
b) LEI 213800ORZ521W585SY02
--------------------------------------- ------------------------------------------
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 Performance share award in the form
financial instrument, of nil-cost options over Vesuvius
type of instrument plc 10 pence ordinary shares
Identification code ISIN: GB00B82YXW83
b) Nature of the transaction Grant of performance share awards
under the Vesuvius Share Plan
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
GBP6.079 53,051
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 53,051
- Aggregated Price GBP6.079
- Aggregated Total GBP322,497
e) Date of the transaction 14 March 2019
--------------------------------------- ------------------------------------------
f) Place of the transaction London - outside a trading venue
--------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Roel van der Sluis
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status President Flow Control
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Vesuvius plc
--------------------------------------- --------------------------------------------
b) LEI 213800ORZ521W585SY02
--------------------------------------- --------------------------------------------
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 Performance share award in the form
financial instrument, of a conditional award over Vesuvius
type of instrument plc 10 pence ordinary shares
Identification code ISIN: GB00B82YXW83
b) Nature of the transaction Grant of performance share awards
under the Vesuvius Share Plan
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP6.079 55,378
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 55,378
- Aggregated Price GBP6.079
- Aggregated Total GBP336,642
e) Date of the transaction 14 March 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction London - outside a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Glenn Cowie
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status President Foundry
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Vesuvius plc
--------------------------------------- --------------------------------------------
b) LEI 213800ORZ521W585SY02
--------------------------------------- --------------------------------------------
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 Performance share award in the form
financial instrument, of a conditional award over Vesuvius
type of instrument plc 10 pence ordinary shares
Identification code ISIN: GB00B82YXW83
b) Nature of the transaction Grant of performance share awards
under the Vesuvius Share Plan
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP6.079 55,930
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 55,930
- Aggregated Price GBP6.079
- Aggregated Total GBP339,998
e) Date of the transaction 14 March 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction London - outside a trading venue
--------------------------------------- --------------------------------------------
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
www.vesuvius.com
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Authority to act as a Primary Information Provider in the United
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END
DSHGGUUCWUPBGAA
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