Director/PDMR Shareholding

RNS Number : 3399B

Victrex PLC

10 February 2022

 

10 February 2022

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 transaction by a PDMR in the Company's ordinary 1p shares ("Shares"):

 Pursuant to invitations issued on 13 January 2022 to all eligible UK employees, options over an aggregate of 113,785 shares were granted on 10 February 2022 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 granted to a PDMR;

Name	Position	No. of shares under options granted	Savings Contract Period
Jakob Sigurdsson	Chief Executive Officer	951	3 Years

In consideration of these options, the grantees will make monthly savings during the associated savings contract. The exercise price is £18.912 per share.

These options will normally be exercisable during a 6 month period commencing 1 April 2025 for a 3 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 £18.912.
c)	Price(s) and volume(s)	Price(s) Volume(s) £18.912 951
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	10 February 2022
f)	Place of the transaction	Outside a trading venue

 

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