Treatt PLC Notification of Transaction of Director (6670X)
December 21 2023 - 8:07AM
UK Regulatory
TIDMTET
RNS Number : 6670X
Treatt PLC
21 December 2023
21 December 2023
TREATT PLC
("Treatt" or "the Company")
Notification of Transaction of Director
In accordance with the requirements of the Market Abuse
Regulation, the Company received notification on 20 December 2023
of the following transactions.
An award granted pursuant to the 2019 Long Term Incentive Plan
("2019 LTIP") to Daemmon Reeve, Chief Executive Officer, in 2020
has vested at 51% of award on 15 December 2023. The applied vesting
outcome was based on compound annual growth rate on earnings per
share over a three-year period and the award has subsequently been
exercised.
This exercise is detailed below, including the number of
ordinary shares of 2 pence each in the Company ("Ordinary Shares")
sold by Daemmon Reeve at a price of 430 pence per share to satisfy
the tax and national insurance liabilities and administrative fees
arising on exercise, the remaining shares are subject to a two-year
holding period:
Ordinary Ordinary Resultant Resultant
Shares received Shares sold interest % holding
pursuant in Ordinary in total
to 2019 LTIP Shares issued share
capital
--------- ----- ----------------- ------------- ------------- --------------
Daemmon
Reeve CEO 23,241 10,923 555,175 0.9%
Contact details
Vanessa Myatt
Deputy Company Secretary
++ 44 1284 702500
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Daemmon Reeve
----------------------------------------- ---------------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status CEO
----------------------------------------- ---------------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------------- ---------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
a) Name Treatt Plc
----------------------------------------- ---------------------------------------------------------------------
b) LEI 213800G40JM9F7G9LG39
----------------------------------------- ---------------------------------------------------------------------
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, Ordinary shares of 2 pence each
type of instrument
Identification code GB00BKS7YK08
----------------------------------------- ---------------------------------------------------------------------
b) Nature of transaction a) Exercise of 2020 LTIP
b) Sale of shares to satisfy tax and national insurance
liabilities
----------------------------------------- ---------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------------------------------- --------------------------
a) nil cost 23,241
b) GBP4.30 10,923
---------------------------------------------------------------------------------------- --------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
----------------------------------------- ---------------------------------------------------------------------
e) Date of the transaction 19 December 2023
----------------------------------------- ---------------------------------------------------------------------
f) Place of the transaction a) Outside a trading Venue
b) London Stock Exchange, XLON
----------------------------------------- ---------------------------------------------------------------------
END
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END
DSHEALAFAEKDFFA
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December 21, 2023 09:07 ET (14:07 GMT)
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