Director/PDMR Shareholding

RNS Number : 0423I

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 Long Term Incentive Share Awards

Vesuvius plc (the "Company") announces that on 15 March 2018, 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 Award ("Award Shares")	Form of Award
Patrick André	173,697	Nil-cost Option
Guy Young	86,848	Nil-cost Option
Tanmay Ganguly	49,627	Nil-cost Option
Roel van der Sluis	54,065	Conditional Award
Glenn Cowie	54,720	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 2018 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2017 Annual Report.

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 £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	173,697
d)	Aggregated information
	- Aggregated volume	173,697
	- Aggregated Price - Aggregated Total	£6.045 £1,049,998
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	86,848
d)	Aggregated information
	- Aggregated volume	86,848
	- Aggregated Price - Aggregated Total	£6.045 £524,996
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	Tanmay Ganguly
2	Reason for the notification
a)	Position/status	President Advanced Refractories
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	49,627
d)	Aggregated information
	- Aggregated volume	49,627
	- Aggregated Price - Aggregated Total	£6.045 £299,995
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	Roel van der Sluis
2	Reason for the notification
a)	Position/status	President Flow Control
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 a conditional award 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	54,065
d)	Aggregated information
	- Aggregated volume	54,065
	- Aggregated Price - Aggregated Total	£6.045 £326,823
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	Glenn Cowie
2	Reason for the notification
a)	Position/status	President Foundry
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 a conditional award 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	54,720
d)	Aggregated information
	- Aggregated volume	54,720
	- Aggregated Price - Aggregated Total	£6.045 £330,782
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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