Spectris plc: Director/PDMR
Shareholding
This notification is made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
On 27 June 2017, the Company’s
Executive Directors and PDMRs accepted grants made by Spectris plc
(“the Company”) of options over ordinary 5p shares pursuant to the
terms of the Spectris plc Performance Share Plan (“the Plan”), as
set out below.
Name |
Position |
Number of options granted under the Plan |
John O’Higgins |
Chief Executive |
45,380 |
Clive Watson |
Group Finance Director |
28,770 |
Joanna (Jo) Hallas |
Business Group Director |
18,530 |
Andrew Harvey |
Group Human Resources Director |
13,680 |
Eoghan O’Lionaird |
Business Group Director |
18,530 |
Robert (Robin) Stopford |
Head of Corporate Development |
13,320 |
Kenneth Smith |
President, Asia Pacific |
7,180 |
The total number of ordinary shares over which nil-cost options
were accepted on 27 June 2017
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 an award is subject to the continued employment
of the participant and the satisfaction of performance conditions
set by the Remuneration Committee of the Company. The awards will
normally vest on the later of the third anniversary of grant and
the determination of the performance conditions. To the extent that
an award vests, it is exercisable for a period of seven years from
the date of vesting. The awards made to John O’Higgins and
Clive Watson are subject to an
additional two-year holding period on vesting.
The option price payable by each participant on the exercise of
his or her award is 5 pence per
share.
The Company was informed of the above transactions on
27 June 2016.
1 |
Details of the persons discharging
managerial responsibilities |
a) |
Name(s) |
John O’Higgins, Chief Executive
Clive Watson, Group Finance Director
Joanna (Jo) Hallas, Business Group Director
Andrew Harvey, Group Human Resources Director
Eoghan O’Lionaird, Business Group Director
Robert (Robin) Stopford, Head of Corporate Development
Kenneth Smith, President, Asia Pacific |
2 |
Reason for the
notification |
a) |
Position/status |
See 1a above |
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 pursuant to the terms of the Spectris
plc Performance Share Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
n/a |
John O’Higgins – options
over 45,380 ordinary shares
Clive Watson – options over 28,770 ordinary shares
Joanna (Jo) Hallas – options over 18,530 ordinary shares
Andrew Harvey – options over 13,680 ordinary shares
Eoghan O’Lionaird – options over 18,530 ordinary shares
Robert (Robin) Stopford – options over 13,320 ordinary shares
Kenneth Smith – options over 7,180 ordinary shares |
d) |
Aggregated information |
Aggregated Volume |
n/a |
Price |
n/a |
e) |
Date of the transaction |
27 June 2017 |
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: 28 June 2017