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DPH Dechra Pharmaceuticals Plc

3,866.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dechra Pharmaceuticals Plc LSE:DPH London Ordinary Share GB0009633180 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3,866.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dechra Pharmaceuticals PLC Director/PDMR Shareholding (6734G)

05/03/2018 9:40am

UK Regulatory


Dechra Pharmaceuticals (LSE:DPH)
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TIDMDPH

RNS Number : 6734G

Dechra Pharmaceuticals PLC

05 March 2018

5 March 2018

Dechra(R) Pharmaceuticals PLC

(Dechra or the Company)

LEI: 213800J4UVB5OWG8VX82

Notification and public disclosure of transactions by

persons discharging managerial responsibilities (PDMRs)

The Company announces that on 2 March 2018 the following Directors were granted awards over Ordinary Shares of 1 pence each in the Company under the Dechra 2017 Long Term Incentive:

 
 Name of individual    Director    Type of award     Number of 
                                                      shares subject 
                                                      to award 
--------------------  ----------  ----------------  ---------------- 
                                   LTIP Award 
                                    - nil cost 
 Ian Page*             Director     option               39,904 
--------------------  ----------  ----------------  ---------------- 
                                   LTIP Award 
                                    - nil cost 
 Richard Cotton*       Director     option               21,473 
--------------------  ----------  ----------------  ---------------- 
                                   LTIP Award 
                                    - conditional 
 Tony Griffin          Director     award                12,099 
--------------------  ----------  ----------------  ---------------- 
 

*Each of Ian Page and Richard Cotton has also been granted a tax qualifying option over 1,197 shares at an exercise price of GBP25.06 as part of their LTIP award. These tax qualifying options are linked to the nil cost option such that, at the time of exercise, to the extent that there is a gain in the tax qualifying option, the nil cost option will be forfeited to the value of that gain.

The vesting of all the above awards is subject to the achievement of performance targets. In respect of these grants the performance conditions will be determined by reference to the Company's Earnings per Share (EPS) and its Total Shareholder Return (TSR) relative to constituent companies of the FTSE 250 index (excluding investment trusts) over a three year performance period. Both the EPS and TSR elements will be subject to an additional Return on Capital Employed (ROCE) performance condition. If the ROCE performance condition is not met, then the LTIP Awards will lapse in full.

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of Dealing Form

 
 1.   Details of the Person Discharging Managerial 
       Responsibility ("PDMR")/person closely 
       associated with them ("PCA") 
---  ------------------------------------------------------------- 
 a)   Name                           Ian Page 
---  -----------------------------  ------------------------------ 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status                Director 
---  -----------------------------  ------------------------------ 
 b)   Initial notification/          Initial Notification 
       amendment 
---  -----------------------------  ------------------------------ 
 3.   Details of the Issuer 
---  ------------------------------------------------------------- 
 a)   Name                           Dechra Pharmaceuticals PLC 
---  -----------------------------  ------------------------------ 
 b)   LEI code                       213800J4UVB5OWG8VX82 
---  -----------------------------  ------------------------------ 
 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                    Ordinary Shares of 1 pence 
       of the financial               each 
       instrument 
                                      ISIN: GB0009633180 
       Identification 
       code 
---  -----------------------------  ------------------------------ 
 b)   Nature of                      Grant of awards over Ordinary 
       the transaction                Shares under the Company's 
                                      Long Term Incentive Plan 
---  -----------------------------  ------------------------------ 
 c)   Price(s) and                   Nil cost option 
       volumes(s)                      Price             Volume 
                                      ----------------  ------- 
                                       Nil cost award    39,904 
                                      ----------------  ------- 
 
 
                                      Tax qualifying option 
                                       Price               Volume 
                                      ------------------  ------- 
                                       GBP25.06 (per 
                                        Ordinary Share 
                                        exercise price)    1,197 
                                      ------------------  ------- 
---  -----------------------------  ------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregate volume     Awards granted over 41,101 
                                       Ordinary Shares in total 
 
                                       N/A 
             *    Price 
---  -----------------------------  ------------------------------ 
 e)   Date of the                    2018-03-02 
       transaction 
---  -----------------------------  ------------------------------ 
 f)   Place of the                   Outside a trading venue 
       transaction 
---  -----------------------------  ------------------------------ 
 
 
 1.   Details of the Person Discharging Managerial 
       Responsibility ("PDMR")/person closely 
       associated with them ("PCA") 
---  ------------------------------------------------------------- 
 a)   Name                           Richard Cotton 
---  -----------------------------  ------------------------------ 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status                Director 
---  -----------------------------  ------------------------------ 
 b)   Initial notification/          Initial Notification 
       amendment 
---  -----------------------------  ------------------------------ 
 3.   Details of the Issuer 
---  ------------------------------------------------------------- 
 a)   Name                           Dechra Pharmaceuticals PLC 
---  -----------------------------  ------------------------------ 
 b)   LEI code                       213800J4UVB5OWG8VX82 
---  -----------------------------  ------------------------------ 
 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                    Ordinary Shares of 1 pence 
       of the financial               each 
       instrument 
                                      ISIN: GB0009633180 
       Identification 
       code 
---  -----------------------------  ------------------------------ 
 b)   Nature of                      Grant of awards over Ordinary 
       the transaction                Shares under the Company's 
                                      Long Term Incentive Plan 
---  -----------------------------  ------------------------------ 
 c)   Price(s) and                   LTIP Award 
       volumes(s)                      Price             Volume 
                                      ----------------  ------- 
                                       Nil cost award    21,473 
                                      ----------------  ------- 
 
 
                                      Tax qualifying option 
                                       Price               Volume 
                                      ------------------  ------- 
                                       GBP25.06 (per 
                                        Ordinary Share 
                                        exercise price)    1,197 
                                      ------------------  ------- 
---  -----------------------------  ------------------------------ 
 d)        Aggregated 
            information 
             *    Aggregate volume     Awards granted over 22,670 
                                       Ordinary Shares in total 
 
                                       N/A 
             *    Price 
---  -----------------------------  ------------------------------ 
 e)   Date of the                    2018-03-02 
       transaction 
---  -----------------------------  ------------------------------ 
 f)   Place of the                   Outside a trading venue 
       transaction 
---  -----------------------------  ------------------------------ 
 
 
 1.   Details of the Person Discharging Managerial 
       Responsibility ("PDMR")/person closely 
       associated with them ("PCA") 
---  --------------------------------------------------------------- 
 a)   Name                           Tony Griffin 
---  -----------------------------  -------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status                Director 
---  -----------------------------  -------------------------------- 
 b)   Initial notification/          Initial Notification 
       amendment 
---  -----------------------------  -------------------------------- 
 3.   Details of the Issuer 
---  --------------------------------------------------------------- 
 a)   Name                           Dechra Pharmaceuticals PLC 
---  -----------------------------  -------------------------------- 
 b)   LEI code                       213800J4UVB5OWG8VX82 
---  -----------------------------  -------------------------------- 
 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                    Ordinary Shares of 1 pence 
       of the financial               each 
       instrument 
                                      ISIN: GB0009633180 
       Identification 
       code 
---  -----------------------------  -------------------------------- 
 b)   Nature of                      Grant of an award over Ordinary 
       the transaction                Shares under the Company's 
                                      Long Term Incentive Plan 
---  -----------------------------  -------------------------------- 
 c)   Price(s) and                   Conditional award 
       volumes(s)                      Price             Volume 
                                      ----------------  ------- 
                                       Nil cost award    12,099 
                                      ----------------  ------- 
---  -----------------------------  -------------------------------- 
 d)        Aggregated 
            information 
             *    Aggregate volume 
                                       N/A 
 
 
             *    Price 
---  -----------------------------  -------------------------------- 
 e)   Date of the                    2018-03-02 
       transaction 
---  -----------------------------  -------------------------------- 
 f)   Place of the                   Outside a trading venue 
       transaction 
---  -----------------------------  -------------------------------- 
 

For further information, please contact:

Melanie Hall, Company Secretary

Telephone number: 01606 814730

About Dechra

Dechra is an international specialist veterinary pharmaceuticals and related products business. Our expertise is in the development, manufacture, and sales and marketing of high quality products exclusively for veterinarians worldwide. Dechra's business is unique as the majority of its products are used to treat medical conditions for which there is no other effective solution or have a clinical or dosing advantage over competitor products. For more information please visit: www.dechra.com

Trademarks

Dechra and the Dechra "D" logo are registered trademarks of Dechra Pharmaceuticals PLC.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 05, 2018 04:40 ET (09:40 GMT)

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