TIDMVEC

RNS Number : 2647X

Vectura Group plc

26 April 2019

VECTURA GROUP PLC

DIRECTOR/PDMR SHARE DEALING

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, 26 April 2019: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 25 April 2019, the following Persons Discharging Managerial responsibility ("PDMRs") were granted Share Awards over ordinary shares of 0.025 pence each in Vectura Group plc under the Vectura 2015 Long Term Incentive Plan, as set out below:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Paul Fry 
     -------------------------------  ---------------------------------------------- 
 2    Reason for Notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  ---------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ---------------------------------------------- 
 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 of the financial     Ordinary Shares of 0.025 pence each 
       instrument, type of              in Vectura Group plc 
       instrument                       GB00B01D1K48 
       Identification code 
     -------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction        Grant of an award under the Company's 
                                        Long Term Incentive Plan as an option 
                                        with an exercise price of 0.025 pence 
                                        per share. Vesting is normally 3 years 
                                        after grant subject to (i) stretching 
                                        performance targets over 3 financial 
                                        years commencing with the year of grant 
                                        and (ii) continued service. 
 
                                        Information regarding the performance 
                                        conditions for the 2019 awards will 
                                        be set out under Meetings and Voting 
                                        in the Investors section of the Company's 
                                        website. Details will also be provided 
                                        in due course in the Directors' Remuneration 
                                        Report included in the Company's Report 
                                        and Accounts for 2019. 
     -------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         864,966 
                                                    ---------- 
     -------------------------------  ---------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ---------------------------------------------- 
 e)   Date of the transaction          25 April 2019 
     -------------------------------  ---------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ----------------------------------------------

Enquiries:

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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April 26, 2019 06:34 ET (10:34 GMT)

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