Grant of LTIP Awards

RNS Number : 6332M

Gooch & Housego PLC

09 January 2019

 

For immediate release

9 January 2019

Gooch & Housego PLC

("G&H" or the "Company")

Grant of LTIP Awards

Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, announces that awards were made on 8 January 2019 in accordance with the rules of the Gooch & Housego PLC Long Term Incentive Plan 2013 to the following officers of the Company:

Name	Number of Awards Granted in January 2019	Total Number of Unvested Awards
Mark Webster	26,676	85,427
Alex Warnock	18,301	60,943
Gareth Crowe	8,469	12,164

Subject to satisfying the required total shareholder return (TSR) and earnings per share (EPS) performance criteria, further details of which are set out in the Company's Annual Report & Financial Statements for the year ended 30 September 2018, these grants will vest on 8 January 2022.

For further information contact: -
Mark Webster / Andrew Boteler	Gooch & Housego PLC	01460 256440
Mark Court / Sophie Wills	Buchanan	020 7466 5000
Patrick Robb / David Anderson	Investec Bank plc	020 7597 5970

Notes to editors

1.     Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK with operations in the USA and Europe. A world leader in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors. World leading design, development and manufacturing expertise is offered across a broad range of complementary technologies.

2.     All financial information included in this announcement is sourced from unaudited management accounts and excludes any specific items. This announcement contains certain forward-looking statements that are based on management's current expectations or beliefs as well as assumptions about future events.  These are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which G&H operates.  It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results, and G&H's plans and objectives, to differ materially from those currently anticipated or implied in the forward-looking statements.  Investors should not place undue reliance on any such statements. Nothing in this announcement should be construed as a profit forecast.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		1.   Mark Webster 2.   Alex Warnock 3.   Gareth Crowe
2	Reason for the notification
a)	Position/status		1.   Chief Executive Officer 2.   Chief Operating Officer 3.   Company Secretary
b)	Initial notification/Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Gooch & Housego Plc
b)	LEI		213800DO3D00KYOPA952
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		Ordinary shares of 20 pence each GB0002259116
b)	Nature of transaction		Awards made pursuant to the rules of the Gooch & Housego PLC Long Term Incentive Plan 2013
c)	Price(s) and volume(s)		Price(s)		Volume(s)
			n/a		1.   26,676 2.   18,301 3.   8,469
	Aggregated information -      Aggregated volume -      Price		1.   26,676 2.   18,301 3.   8,469 n/a
e)	Date of the transaction		8 January 2019
f)	Place of the transaction		Outside a trading venue

 

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