Vesuvius PLC — Director's Dealing 2017

Mar 17, 2017

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RNS Number : 8515Z

Vesuvius plc

17 March 2017

Vesuvius Plc  

17 March 2017

Notification of Transactions of Persons Discharging Managerial Responsibilities

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.

Grant of 2017 Long Term Incentive Share Awards

Vesuvius plc (the "Company") announces that on 16 March 2017, performance share awards (the "Awards") were granted over the Company's ordinary shares ("Shares") to the following persons discharging managerial responsibilities in the Company under the Vesuvius Share Plan in the form indicated in the table below:

Name	Maximum number of Shares under Award ("Award Shares")	Form of Award
Francois Wanecq	225,967	Nil-cost Option
Guy Young	93,355	Nil-cost Option
Tanmay Ganguly	42,129	Nil-cost Option
Patrick Andre	60,413	Conditional Award
Roel van der Sluis	51,792	Conditional Award
Glenn Cowie	64,610	Conditional Award

The number of Award Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the award date. The actual number of Award Shares which vest will depend upon the extent to which performance conditions have been satisfied.

The performance conditions applicable to the 2017 Awards will be based half on total shareholder return (TSR) performance and half on earnings per share (EPS), as described in the Company's 2016 Annual Report.

The Vesuvius Share Plan was approved by shareholders at the General Meeting on 26 November 2012.

The Share price used to determine the number of Shares under awards was £5.222 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 15 March 2017.

Name of contact and telephone number for queries:

Henry Knowles, General Counsel and Company Secretary, +44 (0) 20 7822 0000

Virginia Skroski, Investor Relations Manager, +44 (0) 20 7822 0016

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Francois Wanecq
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vesuvius plc
b)	LEI	213800ORZ521W585SY02
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	Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares
Identification code	ISIN: GB00B82YXW83
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£5.222	225,967
d)	Aggregated information
- Aggregated volume	225,967
- Aggregated Price - Aggregated Total	£5.222 £1,180,000
e)	Date of the transaction	16 March 2017
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Guy Young
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vesuvius plc
b)	LEI	213800ORZ521W585SY02
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	Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares
Identification code	ISIN: GB00B82YXW83
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£5.222	93,355
d)	Aggregated information
- Aggregated volume	93,355
- Aggregated Price - Aggregated Total	£5.222 £487,500
e)	Date of the transaction	16 March 2017
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tanmay Ganguly
2	Reason for the notification
a)	Position/status	President Advanced Refractories
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vesuvius plc
b)	LEI	213800ORZ521W585SY02
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	Performance share award in the form of nil-cost options over Vesuvius plc 10 pence ordinary shares
Identification code	ISIN: GB00B82YXW83
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£5.222	42,129
d)	Aggregated information
- Aggregated volume	42,129
- Aggregated Price - Aggregated Total	£5.222 £219,998
e)	Date of the transaction	16 March 2017
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Patrick Andre
2	Reason for the notification
a)	Position/status	President Flow Control
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vesuvius plc
b)	LEI	213800ORZ521W585SY02
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	Performance share award in the form of a conditional award over Vesuvius plc 10 pence ordinary shares
Identification code	ISIN: GB00B82YXW83
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£5.222	60,413
d)	Aggregated information
- Aggregated volume	60,413
- Aggregated Price - Aggregated Total	£5.222 £315,477
e)	Date of the transaction	16 March 2017
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roel van der Sluis
2	Reason for the notification
a)	Position/status	President Vesuvius North Asia
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vesuvius plc
b)	LEI	213800ORZ521W585SY02
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	Performance share award in the form of a conditional award over Vesuvius plc 10 pence ordinary shares
Identification code	ISIN: GB00B82YXW83
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£5.222	51,792
d)	Aggregated information
- Aggregated volume	51,792
- Aggregated Price - Aggregated Total	£5.222 £270,458
e)	Date of the transaction	16 March 2017
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Glenn Cowie
2	Reason for the notification
a)	Position/status	President Foundry
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vesuvius plc
b)	LEI	213800ORZ521W585SY02
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	Performance share award in the form of a conditional award over Vesuvius plc 10 pence ordinary shares
Identification code	ISIN: GB00B82YXW83
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£5.222	64,610
d)	Aggregated information
- Aggregated volume	64,610
- Aggregated Price - Aggregated Total	£5.222 £337,393
e)	Date of the transaction	16 March 2017
f)	Place of the transaction	London - outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

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