Director/PDMR Shareholding
Updated : 12:53
SPECTRIS plc: DIRECTOR/PDMR SHAREHOLDING
OPTIONS EXERCISED UNDER THE SPECTRIS PERFORMANCE SHARE PLAN (THE "PSP") BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
Spectris plc announces that on 10 August 2018 Clive Watson, a director and PDMR of Spectris plc (the "Company"), acquired 3,802 ordinary shares of 5p each ("Ordinary Shares") in the Company following the exercise of options granted under the terms of the PSP on 6 March 2015.
Of the 3,802 Ordinary Shares acquired, 1,859 were sold to fund the option cost and the income tax / national insurance liability at a sale price of £24.37 and the remaining 1,943 Ordinary Shares were retained. |
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 and provides further detail: |
1 | Details of the persons discharging managerial responsibilities | |||
a) | Name(s) | Clive Watson, Group Finance Director | ||
2 | Reason for the notification | |||
a) | Position/status | Director/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 financial instrument, type of instrument Identification code | Ordinary shares of 5p each
| ||
b) | Nature of the transaction | (i) Exercise of options over 3,802 Ordinary Shares under the terms of the PSP granted on 6 March 2015.
(ii) Subsequent sale of 1,859 Ordinary Shares to cover option cost and income tax / national Insurance liabilities arising on exercise. The remaining shares (1,943) were retained. | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
(i) Acquisition
£0.05
£nil
£21.972
|
3,410 (Share Award granted as a nominal cost option under the terms of the PSP) 251 (Dividend equivalent shares awarded in lieu of dividend accrual on nominal cost option) 141 (Share Award granted as a tax-advantaged market value option under the terms of the PSP)
| |||
(ii) Sale
£24.37
|
1,859 | |||
d) | Aggregated information | (i) Volume (Shares Acquired) | 3,802 | |
(i) Price (Shares Acquired) | £3,268.55 | |||
(ii) Volume (Shares Sold) | 1,859 | |||
(ii) Price (Shares Sold) | £45,303.83 | |||
e) | Date of the transaction | 10 August 2018 | ||
f) | Place of the transaction | Acquisition - outside a trading venue Sale - London Stock Exchange: LON | ||
Name of contact and telephone number for queries:
Rebecca Dunn
Deputy Company Secretary
01784 470 470
LEI Number: 213800Z4CO2CZO3M3T10
Date: 13 August 2018
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.