Exova Group PLC Director/PDMR Shareholding (7534Q)

TIDMEXO

RNS Number : 7534Q

Exova Group PLC

03 September 2014

EXOVA GROUP PLC

Notification of transactions of Directors and PDMRs

3 September 2014

On 2 September 2014 existing options ("Options") to acquire ordinary shares of 1 penceeach ("Shares") in Exova Group plc (the "Company") at nil cost were exercised by certain persons discharging managerial responsibilities ("PDMRs") under the Exova Group plc Additional Share Scheme, as set out in column 3 in the table below. As set out in the Company's RNS announcement dated 3 June 2014, the Shares to satisfy the Options are being transferred from the Company's Employee Benefit Trust using Shares provided by Tabasco BV (a company controlled by Clayton, Dubilier & Rice).

 
     1. Name         2. Status      3. Number of Shares under Option 
                                                exercised 
----------------  ---------------  --------------------------------- 
 Ian El-Mokadem    Director/PDMR                             137,962 
----------------  ---------------  --------------------------------- 
 Anne Thorburn     Director/PDMR                             146,226 
================  ===============  ================================= 
 

In addition, on 2 September 2014 a fully-vested special award under the Company's Long-Term Incentive Plan over 372,727 Shares ("Special Award") granted to Anne Thorburn on 17 April 2014, as described in the Company's Prospectus dated 11 April 2014, was exercised with an aggregate exercise price of GBP1 as follows:

 
    1. Name         2. Status      3. Number of Shares under Special 
                                            Award exercised 
---------------  ---------------  ---------------------------------- 
 Anne Thorburn    Director/PDMR                              372,727 
===============  ===============  ================================== 
 

The Shares received by the PDMRs from exercise of the Options and the Special Award are subject to the same lock-up arrangements as the other Shares held by the PDMRs and may not be sold before 16 April 2015. The PDMRs are satisfying tax liabilities arising on exercise from their own resources. Following exercise, the PDMRs hold the total number of Shares as set out in column 3 below:

 
     1. Name         2. Status      3. Total number of Shares held 
----------------  ---------------  ------------------------------- 
 Ian El-Mokadem    Director/PDMR                         1,961,431 
----------------  ---------------  ------------------------------- 
 Anne Thorburn     Director/PDMR                         1,378,639 
================  ===============  =============================== 
 

This notification is made in accordance with DTR 3.1.2

For and on behalf of Exova Group plc

Date: 3 September 2014

Neil MacLennan

Company Secretary

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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