ELEMENTIS PLC - Director/PDMR Shareholding

Dienstag, 20.09.2016 10:05 von

PR Newswire

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name RALPH HEWINS
2 Reason for the notification
a) Position/status CFO-DESIGNATE, EXECUTIVE DIRECTOR
b) Initial notification/Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name ELEMENTIS PLC
b) LEI 549300LQIH685LI2ML36 
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
SHARES
 
GB0002418548      
b) Nature of the transaction An award of nil cost options over 240,693 ordinary shares in Elementis plc, made in accordance with and as permitted under LR 9.4.2, to replace certain 2015 and 2016 equity-related awards forfeited by Mr Hewins following his decision to join Elementis. This award is made as a stand-alone arrangement but borrows from the terms and Rules of the Elementis plc 2008 Long Term Incentive Plan (as amended) ("LTIP"), except in relation to the vesting profile. This award is subject to the same EPS and TSR performance conditions as the awards made on 4TH April this year to other senior employee participants of the LTIP and will also ordinarily vest on 4TH April 2019.
c) Price(s) and volume(s)
Price(s) Volume(s)
N/A N/A
d) Aggregated information
 

-Aggregated volume

N/A
e) Date of the transaction 2016-09-19
f) Place of the transaction N/A