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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Devro Plc | LSE:DVO | London | Ordinary Share | GB0002670437 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 329.00 | 329.00 | 329.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMDVO
RNS Number : 9505M
Devro PLC
02 August 2017
DEVRO plc ("Devro" or "the Company")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons
The Company announces that the following awards were made today under the Devro plc Performance Share Plan:
Hot Features
Premium
No. of Devro 10p
Ord Shares comprised
Name of Participant Status in the award
--------------------- -------------- ----------------------
Peter Page Director/CEO 237,697
--------------------- -------------- ----------------------
Rutger Helbing Director/FD 142,990
--------------------- -------------- ----------------------
Michael Lauesgaard PDMR 60,000
--------------------- -------------- ----------------------
Bill McGowan PDMR 60,000
--------------------- -------------- ----------------------
Beverley Munro PDMR 60,000
--------------------- -------------- ----------------------
Sarah Murphy PDMR 60,000
--------------------- -------------- ----------------------
Kevin Shoemaker PDMR 60,000
--------------------- -------------- ----------------------
John Meredith PDMR 15,000
--------------------- -------------- ----------------------
Total 695,687
------------------------------------- ----------------------
The awards, which were made at nil cost, are subject to performance conditions. Vesting will normally not occur before three years have elapsed.
There are three performance conditions applying to the awards:
1. Forty percent of an award is subject to a performance condition based on average annual growth in the Company's earnings per share over a performance period of three financial years commencing with the financial year in which an award is granted. Threshold vesting, resulting in one quarter of this element vesting, requires growth of 6% per annum, with full vesting requiring at least 14% per annum and straight line vesting in between.
2. Forty percent of an award is subject to a performance condition based on the Return on Capital Employed ("ROCE") in the final year of the three-year performance period commencing with the financial year in which an award is granted. Threshold vesting, resulting in one quarter of this element vesting, requires ROCE to increase to 13%, with full vesting at 15% or above and straight line vesting in between.
3. Twenty percent of an award is subject to a performance condition comparing the Company's total shareholder return ("TSR") against the TSR of each company within a comparator group comprising 100 FTSE listed companies, being the 50 companies ranked by market value in the FTSE All-Share Index above the Company and the 50 companies ranked below the Company (excluding investment trusts) over a performance period of three financial years commencing with the financial year in which an award is granted. Threshold vesting, resulting in one quarter of this element vesting, requires the Company's TSR to rank at median against the comparator group, with upper quartile ranking required for full vesting and straight line vesting in between.
The notifications at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the awards granted.
Enquiries:
John Meredith
Company Secretary
Tel: 01236 872261
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Peter Page
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------- ---------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------
b) LEI N/A
--- ------------------------- ---------------------------
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
4 have been conducted
--- ------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------
Accepting an option under
Nature of the the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------
Price(s) Volume(s)
----------- ----------
Nil price 237,697
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Rutger Helbing
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Group Finance Director
--- ------------------------- ---------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------
b) LEI N/A
--- ------------------------- ---------------------------
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
4 have been conducted
--- ------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------
Accepting an option under
Nature of the the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------
Price(s) Volume(s)
----------- ----------
Nil price 142,990
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Michael Lauesgaard
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
Group Business Development
a) Position/status Director
--- ------------------------- ---------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------
b) LEI N/A
--- ------------------------- ---------------------------
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
4 have been conducted
--- ------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------
Accepting an option under
Nature of the the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------
Price(s) Volume(s)
----------- ----------
Nil price 60,000
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Beverley Munro
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Commercial Director Asia-Pacific
--- ------------------------- ---------------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------------
b) LEI N/A
--- ------------------------- ---------------------------------
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
4 have been conducted
--- ------------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------------
Accepting an option under
Nature of the the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------------
Price(s) Volume(s)
----------- ----------
Nil price 60,000
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Sarah Murphy
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Group Human Resources Director
--- ------------------------- -------------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- -------------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ----------------------------------------------------------
a) Name Devro plc
--- ------------------------- -------------------------------
b) LEI N/A
--- ------------------------- -------------------------------
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
4 have been conducted
--- ----------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- -------------------------------
Accepting an option under
Nature of the the Devro plc Performance
b) transaction Share Plan
--- ------------------------- -------------------------------
Price(s) Volume(s)
----------- ----------
Nil price 60,000
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- -------------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- -------------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- -------------------------------
f) Place of the transaction N/A
--- ------------------------- -------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------
a) Name John Meredith
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Company Secretary
--- ------------------------- ---------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------
b) LEI N/A
--- ------------------------- ---------------------------
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
4 have been conducted
--- ------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------
Accepting an option under
Nature of the the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------
Price(s) Volume(s)
----------- ----------
Nil price 15,000
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Bill McGowan
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Commercial Director Americas
--- ------------------------- ---------------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------------
b) LEI N/A
--- ------------------------- ---------------------------------
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
4 have been conducted
--- ------------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------------
Accepting a conditional award
Nature of the under the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------------
Price(s) Volume(s)
----------- ----------
Nil price 60,000
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Kevin Shoemaker
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Group Supply Chain Director
--- ------------------------- ---------------------------------
Initial notification
b) /Amendment Initial notification
--- ------------------------- ---------------------------------
Details of the issuer, emission allowance
market participant, auction platform, auctioneer
3 or auction monitor
--- ------------------------------------------------------------
a) Name Devro plc
--- ------------------------- ---------------------------------
b) LEI N/A
--- ------------------------- ---------------------------------
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
4 have been conducted
--- ------------------------------------------------------------
Description of
the financial
instrument, type
of instrument Ordinary 10p shares
Identification
a) code GB0002670437
--- ------------------------- ---------------------------------
Accepting a conditional award
Nature of the under the Devro plc Performance
b) transaction Share Plan
--- ------------------------- ---------------------------------
Price(s) Volume(s)
----------- ----------
Nil price 60,000
c) Price(s) and volume(s) ----------- ----------
--- ------------------------- ---------------------------------
Aggregated information
- Aggregated volume
d) - Price N/A
--- ------------------------- ---------------------------------
e) Date of the transaction 2017-08-02
--- ------------------------- ---------------------------------
f) Place of the transaction N/A
--- ------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHELLFBDVFEBBX
(END) Dow Jones Newswires
August 02, 2017 11:54 ET (15:54 GMT)
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