Director/PDMR Shareholding

RNS Number : 1953V

Spectris PLC

12 April 2021

 

Spectris plc: Director/PDMR Shareholding

This notification is made under Article 19(1) of the EU Market Abuse Regulation 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and relates to the grant of share awards under the terms of the Spectris Long Term Incentive Plan ("LTIP") to persons discharging managerial responsibilities ("PDMRs").

On 12 April 2021, Spectris plc (the "Company") was informed that, on the same day, the Executive Directors and PDMRs of the Company accepted awards granted by the Company of nominal-cost share options over ordinary 5p shares on 17 March 2021, pursuant to the terms of the LTIP ("LTIP Awards"), as set out below:

Name	Position	Maximum number of shares that may vest under the LTIP Awards granted 1
Derek Harding	Chief Financial Officer	42,296
Andrew Heath	Chief Executive	54,318

1.  Includes 1.4X multiplier. More details on the performance conditions attached to these LTIP Awards and the multiplier can be found in the Company's 2020 Remuneration Policy

The total number of ordinary shares over which these LTIP Awards were accepted on 12 April 2021 represents approximately 0.1% of the Company's issued ordinary share capital on that date.

No consideration was paid for the grant of the LTIP Awards.

The vesting of these LTIP Awards is subject to the continued employment of the Executive Directors and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The LTIP Awards will normally vest on the later of the third anniversary of grant and the determination of the performance conditions. The Executive Directors' LTIP Awards are then subject to an additional two-year vesting period. To the extent that these LTIP Awards vest, they are exercisable for a period of five years from the end of the additional vesting period.

The nominal award price payable by each participant on the exercise of these LTIP Awards is 5 pence per share.

The information set out below is provided in accordance with the requirements of Article 19(3) of MAR and provides further detail:

1	Details of the persons discharging managerial responsibilities
a)	N a m e(s)	Derek Harding
2	Reason for the notification
a)	Position/status	Director and PDMR
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Spectris plc
b)	LEI	213800Z4CO2CZO3M3T10
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 granted over ordinary shares of 5p each GB0003308607
b)	Nature of the transaction	Acceptance of a grant of a share option over ordinary shares of 5p each on 12 April 2021, pursuant to the terms of the LTIP
c)	Price(s) and volume(s)	Price(s)	V o l u m e (s)
		£0.05	N ominal-cost option under which a maximum of 42,296 ordinary shares may vest
d)	Aggregated information	Aggregated Volume		n/a
		Price		n/a
e)	Date of the transaction	12 April 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the persons discharging managerial responsibilities
a)	N a m e(s)	Andrew Heath
2	Reason for the notification
a)	Position/status	Director and PDMR
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Spectris plc
b)	LEI	213800Z4CO2CZO3M3T10
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 granted over ordinary shares of 5p each GB0003308607
b)	Nature of the transaction	Acceptance of a grant of a share option over ordinary shares of 5p each on 12 April 2021, pursuant to the terms of the LTIP.
c)	Price(s) and volume(s)	Price(s)	V o l u m e (s)
		£0.05	N ominal-cost option under which a maximum of 54,318 ordinary shares may vest
d)	Aggregated information	Aggregated Volume		n/a
		Price		n/a
e)	Date of the transaction	12 April 2021
f)	Place of the transaction	Outside a trading venue

Name of contact and telephone number for queries:

Eliza Unwin

Senior Assistant Company Secretary

07785421875

For and on behalf of Spectris plc

LEI Number: 213800Z4CO2CZO3M3T10

Date: 12 April 2021

 

END

 

 

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