Director/PDMR Shareholding

RNS Number : 1081J

Treatt PLC

15 December 2015

 



15 December 2015

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

Treatt announces that awards were made to the following Directors under the Treatt Plc Long Term Incentive Plan ('LTIP') as detailed below:

Director Daemmon Reeve Richard Hope Position CEO Group Finance Director Scheme LTIP - Restricted Stock Units LTIP - Nil Cost Options Date on which options become exercisable 14 December 2018 14 December 2018 Exercise Price Per Share nil nil Description of shares involved 176,040 Ord shares 110,678 Ord shares Number of shares over which options held following notification 466,702 270,562 175,708 of the Restricted Stock Units granted to Daemmon Reeve were awarded pursuant to the Remuneration Policy for Executive Directors and, along with those granted to Richard Hope, are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share 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.  332 of the Restricted Stock Units granted to Daemmon Reeve were awarded 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 ('SIP'), which awarded £525 of Free Shares to eligible employees. Restricted Stock Units 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 LTIP. Additionally, the Directors have acquired the following shares: Director Daemmon Reeve Richard Hope Position CEO Group Finance Director Purchase: No shares Price paid Date of transaction Registered holder 2,400 165.5p 11.12.15 Daemmon Reeve 600 165.5p 11.12.15 Richard Hope All Employee SIP: Free Shares Partnership Shares Matching Shares Date of transaction Registered holder - - - - - 319 1094 1094 14.12.15 Treatt SIP Trustees Limited Price paid Partnership Shares - 164.5p Beneficial Holding 134,876 180,828 Percentage of ISC 0.257% 0.344% 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.

Contact details

Anita Steer

Company Secretary

++ 44 1284 770028

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