TREATT PLC 18 December 2019
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification on 16 December 2019 of the following transactions.
An award granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP") to Richard Hope, Chief Financial Officer, in 2016 vested in full on 12 December 2019, was subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period, and has subsequently been exercised.
This exercise is detailed below, including the number of Ordinary Shares sold at a price of 451 pence per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:
Ordinary Shares | Ordinary Shares | Resultant interest | Resultant % | |
received pursuant | sold | in Ordinary | holding in total | |
to 2014 LTIP | Shares | issued share | ||
capital | ||||
Richard Hope CFO | 68,392 | 32,144 | 394,941 | 0.66% |
Contact details | ||||
Anita Guernari | ||||
Company Secretary | ||||
++ 44 1284 770028 |
1 Details of the Director
a) | Name | Richard Hope |
2 | Reason for the notification | |||
a) | Position/status | CFO | ||
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 2016 LTIP | ||
b) Sale of shares to satisfy tax UK liabilities | ||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
a) nil cost | 68,392 | |||
b) £4.51 | 32,144 | |||
d) | Aggregated information | N/A (Single transaction) | ||
- | Aggregated volume | |||
- | Price | |||
e) | Date of the transaction | 16 December 2019 | ||
f) | Place of the transaction | a) Outside a trading Venue | ||
b) London Stock Exchange, XLON | ||||
END |
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Treatt plc published this content on 18 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 December 2019 21:05:00 UTC
