Spectris PLC Director/PDMR Shareholding (3548S)

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RNS Number : 3548S

Spectris PLC

08 March 2019

Spectris plc: Director/PDMR Shareholding

Spectris Share Incentive Plan ("SIP") Acquisition of Partnership Shares and Award of Matching Shares

This notification made under Article 19.1 of the EU Market Abuse Regulation 596/2014 ("MAR") relates to the acquisition and award of shares under the terms of the SIP by persons discharging managerial responsibilities ("PDMRs").

On 8 March 2019, Equiniti Share Plan Trustees Limited, trustees of the SIP, notified Spectris plc (the "Company") that, on 7 March 2019, a total of 11 ordinary 5p shares ("Partnership Shares") were purchased on behalf of the Company's PDMRs at a price of 2,675.67 pence per share. Under the terms of the SIP, a total of 3 ordinary 5p shares ("Matching Shares") were awarded to the PDMRs on the same date for nil consideration. Full details are provided below:

 
 Name            Number of Partnership   Number of Matching   Total number 
                  Shares purchased        Shares awarded       of shares held 
                                                               within the SIP 
 Andrew Heath    5                       1                    44 
 Clive Watson    6                       2                    60 
 

Under the terms of the SIP each eligible participating employee can purchase Partnership Shares using monthly contributions deducted from salary, and the Company awards one Matching Share for every five Partnership Shares purchased by participating employees.

The forms required under the EU Market Abuse Regulations follow:

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                              Andrew Heath, Chief Executive 
                                        ------------------------------------------------ 
 2     Reason for the notification 
 a)    Position/status                    Director/PDMR 
                                         ----------------------------------------------- 
 b)    Initial notification/Amendment     Initial Notification 
      ---------------------------------  ----------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
 a)    Name                              Spectris plc 
                                        ------------------------------------------------ 
 b)    LEI                               213800Z4CO2CZO3M3T10 
      --------------------------------  ------------------------------------------------ 
 4     Details of the transaction(s): section to be repeated for 
        (i) e ach 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 5p each 
        financial instrument, 
        type of instrument 
        Identification code               GB0003308607 
                                        ------------------------------------------------ 
 b)    Nature of the transaction         Acquisition of Partnership Shares and award 
                                          of Matching Shares under the SIP, an HMRC 
                                          tax-advantaged all-employee share plan. 
      -------------------------------- 
 c)    Price(s) and volume(s)            Price (s)                  Volume(s) 
                                                                   --------------------- 
                                         GBP26.7567                 5 Partnership Shares 
                                        -------------------------  --------------------- 
                                         GBPnil                     1 Matching Share 
                                        -------------------------  --------------------- 
 d)    Aggregated information            Aggregated Volume          6 
                                        -------------------------  --------------------- 
   Total Aggregate Price                                            GBP133.78 
  -------------------------                                        --------------------- 
 e)    Date of the transaction           7 March 2019 
      --------------------------------  ------------------------------------------------ 
 f)    Place of the transaction          London Stock Exchange: LON 
      --------------------------------  ------------------------------------------------ 
 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                              Clive Watson, Group Finance Director 
                                        ---------------------------------------------- 
 2     Reason for the notification 
 a)    Position/status                   Director/PDMR 
                                        ---------------------------------------------- 
 b)    Initial notification/Amendment    Initial Notification 
      --------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
 a)    Name                              Spectris plc 
                                        ---------------------------------------------- 
 b)    LEI                               213800Z4CO2CZO3M3T10 
      --------------------------------  ---------------------------------------------- 
 4     Details of the transaction(s): section to be repeated for 
        (i) e ach 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 5p each 
        financial instrument, 
        type of instrument 
        Identification code               GB0003308607 
                                        ---------------------------------------------- 
 b)    Nature of the transaction         Acquisition of Partnership Shares and 
                                          award of Matching Shares under the SIP, 
                                          an HMRC tax-advantaged all-employee share 
                                          plan. 
      -------------------------------- 
 c)    Price(s) and volume(s)            Price (s)                Volume(s) 
                                                                 --------------------- 
                                         GBP26.7567               6 Partnership Shares 
                                        -----------------------  --------------------- 
                                         GBPnil                   2 Matching Shares 
                                        -----------------------  --------------------- 
 d)    Aggregated information            Aggregated Volume        8 
                                        -----------------------  --------------------- 
   Total Aggregate Price                                          GBP160.54 
  -------------------------------------------------------------  --------------------- 
 e)    Date of the transaction           7 March 2019 
      --------------------------------  ---------------------------------------------- 
 f)    Place of the transaction          London Stock Exchange: LON 
      --------------------------------  ---------------------------------------------- 
 

Name of contact and telephone number for queries:

Rebecca Dunn

Deputy Company Secretary

01784 470 470

For and on behalf of Spectris plc

LEI Number: 213800Z4CO2CZO3M3T10

Date: 8 March 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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March 08, 2019 09:27 ET (14:27 GMT)