Spectris PLC

Remuneration Information • Mar 26, 2019

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RNS Number : 0678U

Spectris PLC

26 March 2019

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 share awards under the terms of the Spectris plc Performance Share Plan ("PSP") to persons discharging managerial responsibilities ("PDMRs").

On 25 March 2019, the Company was informed that, on the same day, the Executive Directors and PDMRs of Spectris plc (the "Company") accepted awards granted by the Company of nominal-cost share options over ordinary 5p shares on 7 March 2019, pursuant to the terms of the PSP, as set out below:

Name	Position	Number of options granted under the Plan
Andrew Heath	Chief Executive	45,710
Derek Harding	Chief Financial Officer	35,5931

1 - Derek Harding's nominal -cost options are linked to a grant of market-value share options ("Linked Options"). Linked Options are granted up to the £30,000 limit under the HMRC's Company Share Option Plan, For the avoidance of doubt, no additional gross value can be delivered from the exercise of these Linked Options under the terms of the PSP.

The total number of ordinary shares over which nominal-cost share options were accepted on 25 March 2019 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 the Executive Directors and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The options will normally vest on the later of the third anniversary of grant and the determination of the performance conditions and are then subject to an additional two-year holding period. To the extent that the options vests, it is exercisable for a period of five years from the end of the holding period.

The nominal option price payable by each participant on the exercise of these options 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
---	---	---	---	---
2	Reason for the notification
---	---	---	---	---
a)	Position/status	Director and PDMR
---	---	---	---	---
b)	Initial notification/Amendment	Initial Notification
---	---	---	---	---
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
---	---	---	---	---
a)	Name	Spectris plc
---	---	---	---	---
b)	LEI	213800Z4CO2CZO3M3T10
---	---	---	---	---
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	Options granted over ordinary shares of 5p each GB0003308607
---	---	---	---	---
b)	Nature of the transaction	Acceptance of a grant of options over ordinary shares of 5p each on 7 March 2019. pursuant to the terms of the PSP.
---	---	---	---	---
c)	Price(s) and volume(s)	Price(s)	Volume(s)
---	---	---	---	---
£0.05	Nominal-c0st options over 45,710 ordinary shares
---	---	---	---	---
d)	Aggregated information	Aggregated Volume		n/a
---	---	---	---	---
Price		n/a
---	---	---	---	---
e)	Date of the transaction	25 March 2019
---	---	---	---	---
f)	Place of the transaction	Outside a trading venue
---	---	---	---	---

1	Details of the persons discharging managerial responsibilities
a)	Name(s)	Derek Harding
---	---	---	---	---
2	Reason for the notification
---	---	---	---	---
a)	Position/status	Director and PDMR
---	---	---	---	---
b)	Initial notification/Amendment	Initial Notification
---	---	---	---	---
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
---	---	---	---	---
a)	Name	Spectris plc
---	---	---	---	---
b)	LEI	213800Z4CO2CZO3M3T10
---	---	---	---	---
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	Options over ordinary shares of 5p each GB0003308607
---	---	---	---	---
b)	Nature of the transaction	Acceptance of a grant of options over ordinary shares of 5p each on 7 March 2019, pursuant to the terms of the PSP
---	---	---	---	---
c)	Price(s) and volume(s)	Price(s)	Volume(s)
---	---	---	---	---
£0.05 £26.69	Nominal-cost options over 35,593 ordinary shares Linked Options granted in accordance with HMRC's Company Share Option Plan over 1,124 ordinary shares
---	---	---	---	---
d)	Aggregated information	Aggregated Volume		n/a
---	---	---	---	---
Price		n/a
---	---	---	---	---
e)	Date of the transaction	25 March 2019
---	---	---	---	---
f)	Place of the transaction	Outside a trading venue
---	---	---	---	---

Name of contact and telephone number for queries:

Rebecca Dunn

Deputy Company Secretary

01784 470 470

For and on behalf of Spectris plc

Date: 26 March 2019

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