TREATT PLC

Remuneration Information • Dec 15, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1081J

Treatt PLC

15 December 2015

15 December 2015

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

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	14 December 2018	14 December 2018
Exercise Price Per Share	nil	nil
Description of shares involved	176,040 Ord shares	110,678 Ord shares
Number of shares over which options held following notification	466,702	270,562

175,708 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. 

332 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 £525 of Free Shares to eligible employees.

Restricted Stock Units 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 LTIP.

Additionally, the Directors have acquired the following shares:

Director	Daemmon Reeve	Richard Hope
Position	CEO	Group Finance Director
Purchase: No shares Price paid Date of transaction Registered holder	2,400 165.5p 11.12.15 Daemmon Reeve	600 165.5p 11.12.15 Richard Hope
All Employee SIP: Free Shares Partnership Shares Matching Shares Date of transaction Registered holder	- - - - -	319 1094 1094 14.12.15 Treatt SIP Trustees Limited
Price paid Partnership Shares	-	164.5p
Beneficial Holding	134,876	180,828
Percentage of ISC	0.257%	0.344%

The Free Shares and Matching Shares 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.

Contact details

Anita Steer

Company Secretary

++ 44 1284 770028

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSBGBDDUUBBGUU