Spectris PLC — Remuneration Information 2018

Sep 7, 2018

National Storage Mechanism | Additional information

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RNS Number : 1161A

Spectris PLC

07 September 2018

Spectris plc: Director/PDMR Shareholding

This notification is made under Article 19(1) of the EU Market Abuse Regulation 596/2014 ("MAR") and relates to the grant of a share award under the terms of the Spectris plc Performance Share Plan ("PSP") to persons discharging managerial responsibilities ("PDMRs").

On 6 September 2018, Andrew Heath, a director and PDMR of Spectris plc (the "Company"), accepted a grant of options over 21,372 ordinary shares of 5p each ("Ordinary Shares") in the Company, pursuant to the terms of the PSP.  This grant is made in accordance with the Group's Remuneration Policy.

The total number of ordinary shares over which options were accepted on 6 September 2018 represents less than 0.1% of the Company's issued ordinary share capital on that date.

No consideration was paid for the grant of the awards.

The vesting of these options is subject to the continued employment of Andrew Heath and to the satisfaction of Group financial performance conditions, those being: Group EPS; Group Economic Profit; and Total Shareholder Return in equal parts, as determined by the Remuneration Committee. The options will normally vest on the later of the third anniversary of grant and the determination of the performance conditions and are subject to an additional two-year holding period on vesting. To the extent that the options vest, they will be exercisable from the end of the holding period until 3 September 2028, the tenth anniversary of the date of grant.

The option price payable by Andrew Heath on the exercise of his award 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)	Name(s)	Andrew Heath, CEO Designate
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2	Reason for the notification
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a)	Position/status	Director and PDMR
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b)	Initial notification/Amendment	Initial Notification
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3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)	Name	Spectris plc
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b)	LEI	213800Z4CO2CZO3M3T10
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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
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a)	Description of the financial instrument, type of instrument Identification  code	Options over Ordinary Shares GB0003308607
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b)	Nature of the transaction	Acceptance of a grant of nominal cost options over Ordinary Shares pursuant to the terms of the PSP
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c)	Price(s) and volume(s)	Price(s)	Volume(s)
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n/a	Unapproved options over 21,372 Ordinary Shares
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d)	Aggregated information	Aggregated Volume		n/a
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Price		n/a
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e)	Date of the transaction	6 September 2018
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f)	Place of the transaction	Outside a trading venue
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Name of contact and telephone number for queries:

Rebecca Dunn

Deputy Company Secretary

01784 470 470

For and on behalf of Spectris plc

Date:  7 September 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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