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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Elementis Plc | LSE:ELM | London | Ordinary Share | GB0002418548 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.71% | 140.00 | 139.60 | 140.40 | 145.80 | 135.00 | 145.80 | 477,927 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Inorganic Pigments | 727.8M | 26.5M | 0.0451 | 31.13 | 824.32M |
TIDMELM
RNS Number : 3718H
Elementis PLC
05 April 2022
5 April 2022
Elementis plc
('Elementis' or 'the Company')
Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Elementis plc announces that on 4 April 2022 the following Directors have been granted conditional share awards under the Elementis plc 2018 Long Term Incentive Plan (LTIP) with a vesting date of 4 April 2025 at a cost of nil pence per share.
Name Title Number of shares (Performance Share Awards) Paul Waterman Chief Executive Officer 1,236,244 ------------------------- -------------------- Ralph Hewins Chief Financial Officer 559,656 ------------------------- --------------------
The above quantum of awards are as detailed in the 2021 Directors' Remuneration Report and are based on award multiples set at 200% and 175% of salary for both the Chief Executive and Chief Financial Officer respectively.
In addition, the Committee will retain discretion to reduce the number of shares on vesting should it be considered appropriate to do so (e.g. in the event that there was perceived windfall gain).
Subject to the terms of the LTIP plan rules, the above awards will vest and become exercisable from the third anniversary of the grant of the awards subject to continued service and to the extent to which the relevant performance conditions (see below) are satisfied over the three financial years ending 31 December 2024. Shares that vest (post selling any shares required to meet associated tax liabilities) are also subject to a two-year holding requirement.
Performance conditions
The full performance conditions to apply to the 2022 awards are as follows:
Earnings per share (33% weighting) EPS % of EPS part vesting Less than 13 cents 0% -------------- 13 cents 0% -------------- 17.5 cents 100% -------------- Vesting will be on a straight-line basis between performance points. Relative Total Shareholder Return (33% weighting) Elementis versus % of TSR part FTSE ALL Share Constituents vesting (excluding Investment Trusts) Below median 0% -------------- Median 25% -------------- Upper quartile 100% -------------- Vesting will be on a straight-line basis between the median and upper quartile. Operating Cash Conversion (33% weighting) Three-year Operating % of Operating Cash Conversion Cash Conversion part vesting Less than 85% 0% ----------------- 85% 0% ----------------- 95% 100% ----------------- Vesting will be on a straight-line basis between performance points.
Vesting based on the above performance conditions will be subject to a return on capital employed underpin. This will require the Committee to consider the vesting result determined based on the application of the EPS, TSR and operating cash conversion performance conditions in light of the return on capital employed achieved during the three year period ending 31 December 2024 relative to the Board's internal plans over the period. If the Committee does not consider the vesting result appropriate in light of the return the underpin enables vesting to be reduced to a more appropriate level.
Set out below are the notifications made in accordance with Article 19 of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Deta ils of the person discharging m anagerial responsibilities / person closely associated a) Na me PAUL WATERMAN ---------------------------------- --------------------------------------------- 2 Reaso n for the notification --------------------------------------------------------------------------------- a) Position/status CEO, DIRECTOR ---------------------------------- --------------------------------------------- b) I nitial notification/Amendment INITIAL NOTIFICATION ---------------------------------- --------------------------------------------- 3 Deta ils of the issuer, e mission allow ance m a rket participant, auct ion plat for m, auctioneer or auc tion monitor --------------------------------------------------------------------------------- a) Na me ELEMENTIS PLC ---------------------------------- --------------------------------------------- b) L E I 549300LQIH685LI2ML36 ---------------------------------- --------------------------------------------- 4 Deta ils of the t ransact ion(s): section to be re p eated for ( i) e a ch type of instrum ent; (ii ) each type of transa c tion; (iii) each date; a nd (iv) each place where transactions have been conducted --------------------------------------------------------------------------------- a) Descriptio n of the SHARES financial instrument, t ype of instrument GB0002418548 I d e ntification code ---------------------------------- --------------------------------------------- b) Nature of the transaction Grant of a conditional share award over 1,236,244 shares under the Elementis plc 2018 Long Term Incentive Plan with a vesting date of 4 April 2025 at a cost of nil pence per share. ---------------------------------- --------------------------------------------- c) Price(s ) and volum Price(s) Volume(s) e (s) N/A N/A ---------- ---------------------------------- --------------------------------------------- d) Aggr e g ate d i n formation ---------------------------------- --------------------------------------------- - Aggr e g a ted volume N/A * Price ---------------------------------- --------------------------------------------- e Date of the transaction 2022-04-04 ) ---------------------------------- --------------------------------------------- f) Place of the tr ansaction Outside of a trading venue ---------------------------------- ---------------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Deta ils of the person discharging m anagerial responsibilities / person closely associated a) Na me RALPH HEWINS ---------------------------------- --------------------------------------------- 2 Reaso n for the notification --------------------------------------------------------------------------------- a) Position/status CFO, DIRECTOR ---------------------------------- --------------------------------------------- b) I nitial notification/Amendment INITIAL NOTIFICATION ---------------------------------- --------------------------------------------- 3 Deta ils of the issuer, e mission allow ance m a rket participant, auct ion plat for m, auctioneer or auc tion monitor --------------------------------------------------------------------------------- a) Na me ELEMENTIS PLC ---------------------------------- --------------------------------------------- b) L E I 549300LQIH685LI2ML36 ---------------------------------- --------------------------------------------- 4 Deta ils of the t ransact ion(s): section to be re p eated for ( i) e a ch type of instrum ent; (ii ) each type of transa c tion; (iii) each date; a nd (iv) each place where transactions have been conducted --------------------------------------------------------------------------------- a) Descriptio n of the SHARES financial instrument, t ype of instrument GB0002418548 I d e ntification code ---------------------------------- --------------------------------------------- b) Nature of the transaction Grant of a conditional share award over 559,656 shares under the Elementis plc 2018 Long Term Incentive Plan with a vesting date of 4 April 2025 at a cost of nil pence per share. ---------------------------------- --------------------------------------------- c) Price(s ) and volum Price(s) Volume(s) e (s) N/A N/A ---------- ---------------------------------- --------------------------------------------- d) Aggr e g ate d i n formation
---------------------------------- --------------------------------------------- - Aggr e g a ted volume N/A * Price ---------------------------------- --------------------------------------------- e Date of the transaction 2022-04-04 ) ---------------------------------- --------------------------------------------- f) Place of the tr ansaction Outside of a trading venue ---------------------------------- ---------------------------------------------
Person responsible for making this notification: Laura Higgins, Group Company Secretary
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(END) Dow Jones Newswires
April 05, 2022 11:17 ET (15:17 GMT)
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