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Vesuvius PLC — Remuneration Information 2019
Mar 15, 2019
4901_dirs_2019-03-15_baf98c9b-f2eb-4bc7-950a-2aae69f2e14d.html
Remuneration Information
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RNS Number : 0731T
Vesuvius plc
15 March 2019
Vesuvius plc
15 March 2019
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 2019 Deferred Share Bonus Plan Awards
Vesuvius plc (the "Company") announces that on 14 March 2019, deferred share bonus plan 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 Deferred Share Bonus Plan in accordance with the Company's Remuneration Policy, in the form indicated in the table below:
| Name | Maximum number of Shares under Award ("Award Shares") | Form of Award |
| Patrick André | 29,646 | Conditional Award |
| Guy Young | 19,028 | Conditional Award |
These awards represent the deferment, into shares, of 33% of the 2018 Annual Bonus earned by the individuals in respect of their service as Executive Directors during 2018. Awards under the Deferred Share Bonus Plan will normally vest following the third anniversary of the award date.
The Share price used to determine the number of Shares under awards was £6.079 being the average of the middle market quotation at close of business over the last 5 dealing days ending on Wednesday 13 March 2019.
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 | Patrick André | |||
| 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 | Conditional share award over Vesuvius plc 10 pence ordinary shares | |||
| Identification code | ISIN: GB00B82YXW83 | ||||
| b) | Nature of the transaction | Grant of share award under the Vesuvius Deferred Share Bonus Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £6.079 | 29,646 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 29,646 | ||||
| - Aggregated Price - Aggregated Total |
£6.079 £180,218 |
||||
| e) | Date of the transaction | 14 March 2019 | |||
| 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 | Conditional share award over Vesuvius plc 10 pence ordinary shares | |||
| Identification code | ISIN: GB00B82YXW83 | ||||
| b) | Nature of the transaction | Grant of share award under the Vesuvius Deferred Share Bonus Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £6.079 | 19,028 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 19,028 | ||||
| - Aggregated Price - Aggregated Total |
£6.079 £115,671 |
||||
| e) | Date of the transaction | 14 March 2019 | |||
| f) | Place of the transaction | London - outside a trading venue |
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
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 [email protected] or visit www.rns.com.
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