Director/PDMR Shareholding

RNS Number : 0415I

Vesuvius plc

16 March 2018

 

Vesuvius plc  

16 March 2018

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 2018 Deferred Share Bonus Plan Awards

Vesuvius plc (the "Company") announces that on 15 March 2018, deferred share bonus plan 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 Deferred Share Bonus Plan in accordance with the Company's Remuneration Policy, in the form indicated in the table below:

Name	Maximum number of Shares under Award ("Award Shares")	Form of Award
Patrick André	10,128	Conditional Award
Guy Young	18,118	Conditional Award

These awards represent the deferment, into shares, of 33% of the 2017 Annual Bonus earned by the individuals in respect of their service as Executive Directors during 2017.  Awards under the Deferred Share Bonus Plan will normally vest following the third anniversary of the award date.

The Share price used to determine the number of Shares under awards was £6.045 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 14 March 2018.

Name of contact and telephone number for queries:

Henry Knowles, General Counsel and Company Secretary	[phone]
Virginia Skroski, Investor Relations Manager	[phone]

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 /Amendment	Initial notification
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 financial instrument, type of instrument	Performance share award in the form of nil-cost options over Vesuvius 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)
			£6.045	10,128
d)	Aggregated information
	- Aggregated volume	10,128
	- Aggregated Price - Aggregated Total	£6.045 £61,223
e)	Date of the transaction	15 March 2018
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 /Amendment	Initial notification
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 financial instrument, type of instrument	Performance share award in the form of nil-cost options over Vesuvius 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)
			£6.045	18,118
d)	Aggregated information
	- Aggregated volume	18,118
	- Aggregated Price - Aggregated Total	£6.045 £109,523
e)	Date of the transaction	15 March 2018
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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