Vesuvius plc Director/PDMR Shareholding (4032V)

TIDMVSVS

RNS Number : 4032V

Vesuvius plc

02 November 2017

Notification of Transaction of Person Discharging Managerial Responsibilities

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.

Vesting of Restricted Share Award

Vesuvius plc (the "Company") announces that the second tranche of the Restricted Share Award made to Mr Guy Young, following his appointment as Chief Financial Officer, vested on 1 November 2017. Of the 8,557 Vesuvius plc Ordinary Shares of 10 pence ("Shares") which vested, 4,031 Shares were sold to cover tax and national insurance contributions and 4,526 Shares were transferred to Mr. Young.

Name of contact and telephone number for queries:

Henry Knowles, General Counsel and Company Secretary, [phone]

Virginia Skroski, Investor Relations Manager, [phone]

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------------- 
 a)    Name 
                                                 Guy Young 
----  --------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------- 
 a)    Position/status                         Chief Financial Officer 
----  --------------------------------------  --------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
----  --------------------------------------  --------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ------------------------------------------------------------------------------------- 
 a)    Name                                    Vesuvius plc 
----  --------------------------------------  --------------------------------------------- 
 b)    LEI                                     213800ORZ521W585SY02 
----  --------------------------------------  --------------------------------------------- 
 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                      Vesuvius plc 10 pence ordinary shares 
        financial instrument, 
        type of instrument 
---- 
 
       Identification code                     ISIN: GB00B82YXW83 
 
 b)    Nature of the transaction               Vesting of the remaining 50% of a 
                                                Restricted Share Award over 17,115 
                                                Vesuvius plc Ordinary Shares (8,557 
                                                shares) and sale of sufficient shares 
                                                to satisfy tax/nic liability 
----  --------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
----                                           ---------------------  ------------------- 
                                                Price(s)               Volume(s) 
----                                           ---------------------  ------------------- 
    GBP5.9225                                                          4,031 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume                     4,031 
 
  - Price                                 GBP5.9225 
 
   - Total                                 GBP23,873.60 
 
 e)    Date of the transaction                 1 November 2017 
----  --------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                London Stock Exchange (XLON) 
----  --------------------------------------  --------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 02, 2017 06:58 ET (10:58 GMT)