Vivo Energy

Director/PDMR Shareholding

RNS Number : 1279V
Vivo Energy PLC
04 August 2020
 

4 August 2020

 

Vivo Energy plc (the "Company")

(LSE: VVO / JSE: VVO)

 

 

Notification of Transactions by Directors

 

The Company has been notified today that Christian Chammas, Chief Executive Officer and Johan Depraetere, Chief Financial Officer have exercised nil-cost options to acquire shares awarded under the IPO Share Awards Plan.

 

The shares acquired are in connection with the IPO Share Awards Plan and were awarded on 18 May 2018, with the second tranche of awards vesting on 10 May 2020.  The vesting of the awards was subject to the satisfaction of performance conditions and continued employment.  For further details of the plan, please see the Company's 2019 Annual Report, available at https://investors.vivoenergy.com/ .

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christian Chammas

Johan Depraetere

2

Reason for the notification

a)

Position/status

Executive Directors

b)

Initial/Amendment notification

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Vivo Energy plc

b)

LEI

213800TR7V9QN896AU56 

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 US$0.50

 

 

ISIN: GB00BDGT2M75

b)

Nature of the transaction

Vesting of awards under the IPO Share Awards Plan

Sale of shares to satisfy statutory withholding liabilities.

 

 

c)

Price(s) and volume(s)

 

Director

Number of Vested Shares Acquired

Number of Shares sold to cover statutory withholding liabilities

Price (s)

(GBP)

Christian

Chammas

384,035

181,404

£0.7287

Johan

Depraetere

 

 

270,024

127,550

£0.717

d)

Aggregated information

 

Aggregated volume

Price

Total

 

 

As noted in 4 (c) above

e)

Date of the transaction

3 August 2020

f)

Place of the transaction

The London Stock Exchange

 

This notification is made in accordance with the requirements of the Market Abuse Regulation.

 


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