VEC Vectura Group Plc

TIDMVEC

RNS Number : 0092L

Vectura Group plc

28 September 2016

Vectura Group plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)

Chippenham, UK, 27 September 2016: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 27 September 2016, the following Person Discharging Managerial responsibility ("PDMR") exercised share awards over ordinary shares of 0.025 pence each in Vectura Group plc under the Vectura Group plc 2012 Long Term Incentive Plan, as set out below:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                            Trevor Phillips 
---  ------------------------------  --------------------------------------------------------------- 
 2    Reason for Notification 
---  ----------------------------------------------------------------------------------------------- 
 a)   Position/status                 Chief Operations Officer and President 
                                       of US Operations 
---  ------------------------------  --------------------------------------------------------------- 
 b)   Initial                         Initial Announcement 
       notification/Amendment 
---  ------------------------------  --------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                            Vectura Group plc 
---  ------------------------------  --------------------------------------------------------------- 
 b)   LEI 
---  ------------------------------  --------------------------------------------------------------- 
 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                     Ordinary Shares of 0.025 pence each in 
       of                              Vectura Group plc 
       the 
       financial                       GB00B01D1K48 
       instrument, 
       type 
       of 
       instrument 
       Identification 
       code 
---  ------------------------------  --------------------------------------------------------------- 
 b)   Nature                                           i) exercise of an award under the Company's 
       of                                               2012 Long Term Incentive Plan over 205,329 
       the                                              shares with an option price of GBP0.00025; 
       transaction                                      and 
                                                        ii) exercise of an award under the Company's 
                                                        2012 Long Term Incentive Plan over 305,623 
                                                        shares with an option price of GBP0.00025; 
                                                        iii) sale of 240,841shares arising from 
                                                        the exercise of both awards from the 2012 
                                                        Long Term Incentive Plan to satisfy tax, 
                                                        option and dealing costs. 
---  ------------------------------  --------------------------------------------------------------- 
 c)   Price(s)                         Price(s)    Volume(s) 
       and                             ----------  ---------- 
       volume(s)                        GBP1.391    240,841 
                                       ----------  ---------- 
---  ------------------------------  --------------------------------------------------------------- 
 d)        Aggregated                 Not applicable - single transaction 
            information 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  --------------------------------------------------------------- 
 e)   Date                            27 September 2016 
       of 
       the 
       transaction 
---  ------------------------------  --------------------------------------------------------------- 
 f)   Place                           London, England 
       of 
       the 
       transaction 
---  ------------------------------  --------------------------------------------------------------- 
 

Enquiries:

John Murphy, Company Secretary + 44 (0)207 881 0524

This information is provided by RNS

The company news service from the London Stock Exchange

END

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