Director/PDMR Shareholding

RNS Number : 9546Z
Treatt PLC
16 December 2014
 



 

 

 

 

16 December 2014

 

 

TREATT PLC

("Treatt" or "the Company")

 

 

 

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility ("PDMR")

 

Treatt announces that awards were made to the following Directors under the Treatt Plc Long Term Incentive Plan ('LTIP') as detailed below:

 

Director

Daemmon Reeve

Richard Hope

Position

CEO

Group Finance Director

Scheme

LTIP - Restricted Stock Units

LTIP - Nil Cost Options

Date on which options become exercisable

15 December 2017

15 December 2017

Exercise Price Per Share

nil

nil

Description of shares involved

165,182  Ord shares

128,400 Ord shares

Number of shares over which options held following notification

290,110

161,449

 

 

164,816 of the Restricted Stock Units granted to Daemmon Reeve were awarded pursuant to the Remuneration Policy for Executive Directors and, along with those granted to Richard Hope, are subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three year period. The awards, or a proportion of them, only vest if the performance criteria is satisfied at the date on which vesting occurs. 

 

366 of the Restricted Stock Units granted to Daemmon Reeve were awarded pursuant to an all staff award for eligible US employees, which were granted on terms consistent with awards made to UK employees under the Treatt Plc Share Incentive Plan ('SIP'), which awarded £500 of Free Shares to eligible employees.

 

Richard Hope was awarded 353 Free Shares and 1,272 Partnership Shares (for which he paid 141.5p per share) on 15 December 2014 under the all employee SIP.   These shares, which represent 0.003% of the issued share capital of the company, are registered in the name of Treatt SIP Trustees Limited.  Following this award Mr Hope's total beneficial holding stands at 150,950 shares being 0.288% of the issued share capital of the Company.

 

 

The Free Shares and equivalent Restricted Stock Units for US employees are subject to forfeiture for a period of three years from the date of grant in the event of termination of employment, except in circumstances where the employee is regarded as a good leaver, in accordance with the terms of the SIP and LTIP.

 

 



 

Contact details

 

Anita Steer

Company Secretary

++ 44 1284 770028

 

END


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