Stelrad Group PLC Director/PDMR Shareholding
March 18 2024 - 11:04AM
RNS Regulatory News
RNS Number : 2950H
Stelrad Group PLC
18 March 2024
18 March 2024
Stelrad Group
PLC
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them
Stelrad Group PLC (the "Company") announces that, on 18 March
2024, awards in the form of conditional rights to acquire ordinary
shares in the Company ("Shares") were granted under the
Company's Long Term Incentive Plan to the Executive Directors of
the Company, as detailed below.
|
Name
|
Role
|
Number of Shares Awarded
|
|
Trevor Harvey
|
Chief Executive Officer
|
230,663
|
|
Annette Borén
|
Chief Financial Officer
|
111,972
|
The vesting of awards is subject to
the achievement of EPS and TSR performance targets assessed over a
three-year period ending 31 December 2026, full details of which
can be found in the Company's 2023 Annual Report and Accounts. The
number of shares in respect of which the 2024 Awards shall vest,
shall depend upon the extent to which the performance conditions
are satisfied. Once vested, Executive Directors' shares will be
required to be held for a further two years.
The Notification of Dealing Form for
each PDMR can be found below.
This notification is made in
accordance with Article 19 of the EU Market Abuse
Regulation.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Trevor Harvey
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Stelrad Group PLC
|
|
b)
|
LEI
|
2138006LKVGN16PTVA73
|
|
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
|
Ordinary shares of £0.001
each
ISIN GB00BMHRMV23
|
|
b)
|
Nature of the transaction
|
Grant of awards, structured as
conditional share awards, under the Stelrad Group PLC Long Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
|
Volume(s)
230,663
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A single transactions
|
|
e)
|
Date of the transaction
|
18 March 2024
|
|
f)
|
Place of the transaction
|
N/A- Outside
of a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Annette Borén
|
|
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
|
Stelrad Group PLC
|
|
b)
|
LEI
|
2138006LKVGN16PTVA73
|
|
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
|
Ordinary shares of £0.001
each
ISIN GB00BMHRMV23
|
|
b)
|
Nature of the transaction
|
Grant of awards, structured as
conditional share awards, under the Stelrad Group PLC Long Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
|
Volume(s)
111,972
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A single
transactions
|
|
e)
|
Date of the transaction
|
18 March 2024
|
|
f)
|
Place of the transaction
|
N/A- Outside
of a trading venue
|
Enquiries:
Computershare Company Secretarial
Services Limited
StelradGroup-UKCoSec@computershare.co.uk
Company Secretary
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