Castings PLC Grant of Share Options (8748Q)

TIDMCGS

RNS Number : 8748Q

Castings PLC

30 June 2022

Castings plc (the "Company")

Grant of Share Options and Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Castings plc ("the Group"), announces that the board has today made a grant of nominal value share options over 42,468 ordinary shares in the Group ("Options") pursuant to the Castings 2020 Restricted Share Plan as follows:

   --    A Vicary - 24,586 Options 
   --    S J Mant - 17,882 Options 

The awards vest after three years conditional on the option holder remaining with the Group during the performance period. Following the exercise of the Options there is an additional two-year holding period for the shares. The Option holder shall be entitled to receive an amount (in cash or shares) equal to any dividend which would have been paid on the Option shares during the holding period.

If all of the Options were exercised in full, this would represent approximately 0.10% of the Group's issued share capital.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                                   1. Adam Vicary 
 
                                              2. Steven Mant 
     --------------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status                        1. Chief Executive Office 
 
                                              2. Group Finance Director 
     --------------------------------  ------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Castings plc 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138004LKVACAUE94W70 
     --------------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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      Ordinary shares of 10 pence each 
       instrument, type of instrument 
       Identification code               GB0001795680 
     --------------------------------  ------------------------------------- 
 b)   Nature of the transaction         Grant of share options under the 
                                         Castings 2020 Restricted Share Plan 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)       Volume(s) 
                                                1. Nil         1. 24,586 
 
                                                 2. Nil         2. 17,882 
                                                         ---------------- 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            N/A - Singe transaction 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           30 June 2022 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          Grant of options occurred outside 
                                         a trading venue 
     --------------------------------  ------------------------------------- 
 

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June 30, 2022 09:27 ET (13:27 GMT)