Director/PDMR Shareholding

RNS Number : 7172V

Vesuvius plc

11 April 2023

 

V esuvius plc 

11 April 2023

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 2023 Long Term Incentive Share Awards

Vesuvius plc (the "Company") announces that on 6 April 2023, 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	355,599	Nil-cost Option
Mark Collis	142,7991	Nil-cost Option

1.  Pro-rated award based on date of joining 1 April 2023.

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 2023 Awards will be based 40% on total shareholder return (TSR) performance, 40% on post-tax ROIC (ROIC) achievement and 20% on Environmental, Social and Governance (ESG) targets, as described in the Company's 2022 Annual Report.

The 2023 Awards are subject to a h olding period which will run until the fifth anniversary of the grant date.

The Share price used to determine the number of Shares under awards was 404.95 pence being the average of the middle market quotation at close of business over the 30 days ending on Wednesday 5 April 2023.

The Vesuvius Share Plan was approved by shareholders at the General Meeting on 18 May 2022.

Name of contact and telephone number for queries:

Henry Knowles, General Counsel and Company Secretary	[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)
			404.95 pence	355,599
d)	Aggregated information
	- Aggregated volume	355,599
	- Aggregated Price - Aggregated Total	404.95 pence £1,439,998
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Collis
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)
			404.95 pence	142,799
d)	Aggregated information
	- Aggregated volume	142,799
	- Aggregated Price - Aggregated Total	404.95 pence £578,265
e)	Date of the transaction	6 April 2023
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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