Director/PDMR Shareholding

RNS Number : 2088Z

Treatt PLC

08 January 2020

 

8 January 2020

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification on 6 January 2020 of the following transactions.

An award granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP") to Daemmon Reeve, Chief Executive Officer, in 2016 vested in full on 12 December 2019, was subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period, and has subsequently been exercised. 

This exercise is detailed below, including the number of ordinary share of 2 pence each in the Company ("Ordinary Shares") sold by Daemmon Reeve at a volume weighted average price of £4.67 per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:

		Ordinary Shares received pursuant to 2014 LTIP	Ordinary Shares sold	Resultant interest in Ordinary Shares	Resultant % holding in total issued share capital
Daemmon Reeve	CEO	104,354	49,046	491,067	0.83%

Contact details

Anita Guernari

Company Secretary

++ 44 1284 770028

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daemmon Reeve
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Treatt Plc
b)	LEI	213800G40JM9F7G9LG39
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 2 pence each GB00BKS7YK08
b)	Nature of transaction	Exercise of 2016 LTIP
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		nil cost	104,354
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single transaction)
e)	Date of the transaction	6 January 2020
f)	Place of the transaction	Outside a trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daemmon Reeve
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Treatt Plc
b)	LEI	213800G40JM9F7G9LG39
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 2 pence each GB00BKS7YK08
b)	Nature of transaction	Sale of Ordinary Shares to satisfy tax and national insurance liabilities
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		a) £4.69 b) £4.66	a) 11,834 b) 37,212
d)	Aggregated information -      Aggregated volume -      Price	49,046 £4.67
e)	Date of the transaction	6 January 2020
f)	Place of the transaction	London Stock Exchange, XLON

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