Notification of Transactions by Directors

By

Regulatory News | 21 May, 2019

Updated : 07:06

RNS Number : 6134Z
Vivo Energy PLC
21 May 2019
 

21 May 2019

 

Vivo Energy plc (the "Company")

 

(LSE: VVO / JSE: VVO)

 

 Notification of Transactions by Directors

 

Vesting of Award

 

The Company has been notified that Christian Chammas and Johan Depraetere have exercised nil-cost options to acquire shares awarded under the IPO Share Awards Plan.

 

The shares acquired are in connection with the IPO Share Awards Plan that was granted on the 18 May 2018, with the first tranche of awards vesting on the 10 May 2019. The vesting of the awards was subject to the satisfaction of performance conditions and continued employment. For further details of the plan, please see the Company's 2018 Annual Report, available at https://investors.vivoenergy.com/.

 

This notification is made in accordance with the requirements of the Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christian Chammas

Johan Depraetere

2

Reason for the notification

a)

Position/status

Executive Directors

b)

Initial/Amendment notification

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Vivo Energy plc

b)

LEI

213800TR7V9QN896AU56    

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 US$0.50

 

 

ISIN: GB00BDGT2M75

b)

Nature of the transaction

Vesting of awards under the IPO Share Awards Plan

Sale of shares to satisfy statutory withholding liabilities.

 

 

c)

Price(s) and volume(s)

Director

Number of Vested Shares Acquired

Number of Shares sold to cover statutory withholding liabilities

Price (GBP)

Christian Chammas

399,111

188,525

1.154

Johan Depraetere

280,625

132,557

1.154

 

d)

Aggregated information

 

-      Aggregated volume

-      Price

-      Total

 

 

As noted in (4c) above

e)

Date of the transaction

17 May 2019

f)

Place of the transaction

London Stock Exchange

 


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