Spectris PLC Director/PDMR Shareholding (1953V)
April 12 2021 - 10:08AM
UK Regulatory
TIDMSXS
RNS Number : 1953V
Spectris PLC
12 April 2021
Spectris plc: Director/PDMR Shareholding
This notification is made under Article 19(1) of the EU Market
Abuse Regulation 596/2014 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("MAR") and
relates to the grant of share awards under the terms of the
Spectris Long Term Incentive Plan ("LTIP") to persons discharging
managerial responsibilities ("PDMRs").
On 12 April 2021, Spectris plc (the "Company") was informed
that, on the same day, the Executive Directors and PDMRs of the
Company accepted awards granted by the Company of nominal-cost
share options over ordinary 5p shares on 17 March 2021, pursuant to
the terms of the LTIP ("LTIP Awards"), as set out below:
Name Position Maximum number of shares
that may vest under
the LTIP Awards granted
(1)
Derek Harding Chief Financial Officer 42,296
------------------------- -------------------------
Andrew Heath Chief Executive 54,318
------------------------- -------------------------
1. Includes 1.4X multiplier. More details on the performance
conditions attached to these LTIP Awards and the multiplier can be
found in the Company's 2020 Remuneration Policy
The total number of ordinary shares over which these LTIP Awards
were accepted on 12 April 2021 represents approximately 0.1% of the
Company's issued ordinary share capital on that date.
No consideration was paid for the grant of the LTIP Awards.
The vesting of these LTIP Awards is subject to the continued
employment of the Executive Directors and the satisfaction of
performance conditions set by the Remuneration Committee of the
Company. The LTIP Awards will normally vest on the later of the
third anniversary of grant and the determination of the performance
conditions. The Executive Directors' LTIP Awards are then subject
to an additional two-year vesting period. To the extent that these
LTIP Awards vest, they are exercisable for a period of five years
from the end of the additional vesting period.
The nominal award price payable by each participant on the
exercise of these LTIP Awards is 5 pence per share.
The information set out below is provided in accordance with the
requirements of Article 19(3) of MAR and provides further
detail:
1 Details of the persons discharging managerial responsibilities
a) N a m e(s) Derek Harding
--------------------------------------------------
2 Reason for the notification
a) Position/status Director and PDMR
--------------------------------------------------
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 Option granted over ordinary shares of 5p
financial instrument, each
type of instrument
Identification code
GB0003308607
--------------------------------------------------
b) Nature of the transaction Acceptance of a grant of a share option over
ordinary shares of 5p each on 12 April 2021,
pursuant to the terms of the LTIP
-------------------------------
c) Price(s) and volume(s) Price(s) V o l u m e (s)
--------------------------------------
GBP0.05 N ominal-cost option under which a
maximum of 42,296 ordinary shares
may vest
---------- --------------------------------------
d) Aggregated information Aggregated Volume n/a
------------------------- -----------------------
Price n/a
------------------------- -----------------------
e) Date of the transaction 12 April 2021
------------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------------
1 Details of the persons discharging managerial responsibilities
a) N a m e(s) Andrew Heath
--------------------------------------------------
2 Reason for the notification
a) Position/status Director and PDMR
--------------------------------------------------
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 Option granted over ordinary shares of 5p
financial instrument, each
type of instrument
Identification code
GB0003308607
--------------------------------------------------
b) Nature of the transaction Acceptance of a grant of a share option over
ordinary shares of 5p each on 12 April 2021,
pursuant to the terms of the LTIP.
-------------------------------
c) Price(s) and volume(s) Price(s) V o l u m e (s)
--------------------------------------
GBP0.05 N ominal-cost option under which a
maximum of 54,318 ordinary shares
may vest
---------- --------------------------------------
d) Aggregated information Aggregated Volume n/a
------------------------- -----------------------
Price n/a
------------------------- -----------------------
e) Date of the transaction 12 April 2021
------------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------------
Name of contact and telephone number for queries:
Eliza Unwin
Senior Assistant Company Secretary
07785421875
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Date: 12 April 2021
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END
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