Gooch & Housego PLC Grant of LTIP Award (4759Z)

TIDMGHH

RNS Number : 4759Z

Gooch & Housego PLC

14 March 2017

 
 For immediate release    14 March 2017 
 
 
 
 

Gooch & Housego PLC

("G&H" or the "Company")

Grant of LTIP Awards

Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, announces that awards were made on 10 March 2017 in accordance with the rules of the Gooch & Housego PLC Long Term Incentive Plan 2013 to the following directors of the Company:

 
 Name              Number of 
                    Awards 
----------------  ---------- 
 Mark Webster      34,606 
----------------  ---------- 
 Alex Warnock      25,674 
----------------  ---------- 
 Andrew Boteler    21,680 
----------------  ---------- 
 

Subject to satisfying the required TSR performance criteria and EPS financial performance underpin, these grants will vest on 26 March 2020.

 
 
 
 
   For further information 
   contact: - 
 Mark Webster / Andrew        Gooch & Housego 
  Boteler                      PLC                01460 256440 
 Mark Court / Sophie 
  Cowles                      Buchanan           020 7466 5000 
 Patrick Robb / David         Investec Bank 
  Anderson                     plc               020 7597 5970 
 

Notes to editors

1. Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK with operations in the USA and Europe. A world leader in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors. World leading design, development and manufacturing expertise is offered across a broad range of complementary technologies.

2. All financial information included in this announcement is sourced from unaudited management accounts and excludes any specific items. This announcement contains certain forward-looking statements that are based on management's current expectations or beliefs as well as assumptions about future events. These are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which G&H operates. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results, and G&H's plans and objectives, to differ materially from those currently anticipated or implied in the forward-looking statements. Investors should not place undue reliance on any such statements. Nothing in this announcement should be construed as a profit forecast.

 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name                                      1. Mark Webster 
                                                 2. Alex Warnock 
                                                 3. Andrew Boteler 
---  -----------------------------------  ------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status                           1. Chief Executive Officer 
                                                 2. Chief Operating Officer 
                                                 3. Chief Financial Officer 
---  -----------------------------------  ------------------------------------- 
 b)   Initial notification/Amendment       Initial notification 
---  -----------------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name                                 Gooch & Housego Plc 
---  -----------------------------------  ------------------------------------- 
 b)   LEI 
---  -----------------------------------  ------------------------------------- 
 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                   Ordinary shares of 20 pence 
       financial instrument,                each 
       type of instrument. 
 
       Identification code                  GB0002259116 
---  -----------------------------------  ------------------------------------- 
 b)   Nature of transaction                Awards made pursuant to 
                                            the rules of the Gooch 
                                            & Housego PLC Long Term 
                                            Incentive Plan 2013 
---  -----------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)               Price(s)        Volume(s) 
---  -----------------------------------  --------------  --------------------- 
                                           n/a                  1. 34,606 
                                                                 2. 25,674 
                                                                 3. 21,680 
---  -----------------------------------  --------------  --------------------- 
      Aggregated information 
                                                 1. 34,606 
       - Aggregated volume                        2. 25,674 
                                                  3. 21,680 
                                                  n/a 
 
       - Price 
---  -----------------------------------  ------------------------------------- 
 e)   Date of the transaction              10 March 2017 
---  -----------------------------------  ------------------------------------- 
 f)   Place of the transaction             Outside a trading venue 
---  -----------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHGGUAWWUPMGMC

(END) Dow Jones Newswires

March 14, 2017 13:40 ET (17:40 GMT)