Van Elle Holdings PLC Director/PDMR LTIP Awards (3332L)
September 05 2023 - 1:00AM
UK Regulatory
TIDMVANL
RNS Number : 3332L
Van Elle Holdings PLC
05 September 2023
Van Elle Holdings plc
('Van Elle', the 'Company' or the 'Group')
Director/PDMR LTIP Awards
Van Elle Holdings plc (AIM: VANL), the UK's largest ground
engineering contractor, announces that on 4 September 2023, awards
were made over ordinary shares of 2 pence each in the capital of
the Company ("Ordinary Shares") under the Long Term Incentive Plan
2016 ("LTIP") (the "Awards").
The Awards have been granted in the form of an option to acquire
Ordinary Shares at an exercise price of 2 pence each. The number of
options which vest, conditional upon continued employment, are
subject to the Group achieving certain performance criteria based
on a combination of a Total Shareholder Return and Return on
Capital Employed targets, aligned to the Group's medium-term
financial objectives.
The Awards are governed by the rules of the LTIP, and subject
thereto, vest on the third anniversary of the date of grant to the
extent determined in accordance with the performance criteria.
The Awards were issued to certain directors and PDMRs of the
Company, as set out below:
Director/PDMR Position Number of ordinary
shares over which
Awards have been made
Chief Executive
Mark Cutler Officer 733,084
----------------- -----------------------
Chief Financial
Graeme Campbell Officer 416,415
----------------- -----------------------
For further information, please contact:
Van Elle Holdings plc Via Walbrook
Mark Cutler, Chief Executive Officer
Graeme Campbell, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Tel: 020 7418 8900
corporate broker)
Ed Allsopp / Ben Harrington
Walbrook PR Limited Tel: 020 7933 8780
or vanelle@walbrookpr.com
Tom Cooper / Nick Rome 07971 221 972 or 07748
325 236
About Van Elle Holdings plc:
Van Elle Holdings is the UK's largest specialist geotechnical
engineering contractor. Formed in 1984 and listed on AIM in 2016,
the Company provides a wide range of ground engineering techniques
and services including ground investigation, general and specialist
piling, rail geotechnical engineering, modular foundations, and
ground improvement and stabilisation services.
Van Elle operates through three divisions: General Piling,
Specialist Piling and Rail, and Ground Engineering Services; and is
focused on diverse end markets including residential and housing,
infrastructure and regional construction - across which the Group
has completed more than 20,000 projects over the last 35 years.
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END
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