Director/PDMR Shareholding

RNS Number : 2824P

Victrex PLC

06 February 2019

 

6 February 2019

Victrex plc

Grant of Options under the rules of the Victrex plc 2015 UK Sharesave Plan

Notification of transactions by directors/persons discharging managerial responsibilities

The Company announces the following transactions by PDMRs in the Company's ordinary 1p shares ("Shares"):

 Pursuant to invitations issued on 10 January 2019 to all eligible UK employees, options over an aggregate of 191,314 Shares were granted on 5 February 2019 under the Company's UK SAYE Scheme (the "Scheme"). The Scheme is an all-employee scheme which gives the opportunity to eligible UK employees to acquire Shares at a discount of 20% of the market value of the Shares at the time the invitation was issued.

 Options were granted to PDMRs, as follows:

Name	Position	No. of shares under options granted	Savings Contract Period
Jakob Sigurdsson	Chief Executive Officer	937	3 years
Tim Cooper	Executive Director	937	3 Years
Richard Armitage	Executive Director	1,562	5 Years

In consideration of these options, the grantees will make monthly savings during the associated savings contract. The exercise price is £19.20 per share.

These options will normally be exercisable during a 6 month period commencing 1 April 2022 for a 3 Year contract and 1 April 2024 for a 5 Year contract.

 1.   This announcement is an initial announcement.

2.   The Company's identification code is GB0009292243.

3.   The grant of the SAYE options occurred outside a trading venue.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jakob Sigurdsson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Victrex plc
b)	LEI	213800UYNPHAUNHPXL67
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 Identification code	Option over ordinary shares of 1p each GB0009292243
b)	Nature of the transaction	Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 19.20p
c)	Price(s) and volume(s)	Price(s) Volume(s) £19.20 937
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	5 February 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tim Cooper
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Victrex plc
b)	LEI	213800UYNPHAUNHPXL67
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 Identification code	Option over ordinary shares of 1p each GB0009292243
b)	Nature of the transaction	Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 19.20p
c)	Price(s) and volume(s)	Price(s) Volume(s) £19.20 937
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	5 February 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Armitage
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Victrex plc
b)	LEI	213800UYNPHAUNHPXL67
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 Identification code	Option over ordinary shares of 1p each GB0009292243
b)	Nature of the transaction	Option granted under the Company's all-employee HMRC approved Save As You Earn scheme (Victrex plc 2015 UK Sharesave Plan) with an exercise price of 19.20p
c)	Price(s) and volume(s)	Price(s) Volume(s) £19.20 1,562
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	5 February 2019
f)	Place of the transaction	Outside a trading venue

 

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