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Vectura Group plc - Director/PDMR Shareholding

RNS Number : 4271E
Vectura Group plc
05 November 2020
 

 

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, 1 June 2020: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 1 June 2020, the following Persons Discharging Managerial responsibility ("PDMRs") were granted Share Awards over ordinary shares of 0.0271 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

Will Downie

Paul Fry

2

Reason for Notification

a)

Position/status

Chief Executive Officer

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

213800SR8BL1K6EPX533

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 0.0271 pence each in Vectura Group plc

GB00BKM2MW97

b)

Nature of the transaction

1. Grant of an award under the Company's Long Term Incentive Plan as an option with an exercise price of 0.0271 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 (ii) continued service and (iii) a 2 year post vesting holding period.

 

Information regarding the performance conditions for the 2020 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 2020.

 

2. Grant of an award of shares being Free Shares as defined under the Vectura Share Incentive Plan 2006 as amended in 2014.

 

c)

Price(s) and volume(s)

 

1. LTIP award

PDMR

Price(s)

Volume(s)

Will Downie

Nil

933,421

Paul Fry

Nil

756,724

 

2. SIP award

PDMR

Price(s)

Volume(s)

Will Downie

0.911p

1,975

Paul Fry

0.911p

3,951

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

Will Downie

 

LTIP

SIP

Aggregated volume

933,421

1,975

Price

Nil

Nil

Paul Fry

 

LTIP

SIP

Aggregated volume

756,724

3,951

Price

Nil

Nil

 

 

e)

Date of the transaction

LTIP - 01 June 2020

SIP- 29 May 2020

 

f)

Place of the transaction

Outside a trading venue

 

 

Enquiries:

 

John Murphy, Company Secretary  Tel:       + 44 (0)207 881 1206

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Market: AIM
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