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SXS Spectris Plc

3,307.00
32.00 (0.98%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spectris Plc LSE:SXS London Ordinary Share GB0003308607 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  32.00 0.98% 3,307.00 3,314.00 3,318.00 3,317.00 3,262.00 3,280.00 321,795 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Industrial Measurement Instr 1.45B 145.4M 1.4407 23.02 3.35B

Spectris PLC Director/PDMR Shareholding (0678U)

26/03/2019 2:30pm

UK Regulatory


Spectris (LSE:SXS)
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TIDMSXS

RNS Number : 0678U

Spectris PLC

26 March 2019

Spectris plc: Director/PDMR Shareholding

This notification is made under Article 19(1) of the EU Market Abuse Regulation 596/2014 ("MAR") and relates to the grant of share awards under the terms of the Spectris plc Performance Share Plan ("PSP") to persons discharging managerial responsibilities ("PDMRs").

On 25 March 2019, the Company was informed that, on the same day, the Executive Directors and PDMRs of Spectris plc (the "Company") accepted awards granted by the Company of nominal-cost share options over ordinary 5p shares on 7 March 2019, pursuant to the terms of the PSP, as set out below:

 
 Name             Position                   Number of options 
                                              granted under the 
                                              Plan 
 Andrew Heath     Chief Executive            45,710 
                 -------------------------  ------------------- 
 Derek Harding    Chief Financial Officer    35,593(1) 
                 -------------------------  ------------------- 
 

1 - Derek Harding's nominal -cost options are linked to a grant of market-value share options ("Linked Options"). Linked Options are granted up to the GBP30,000 limit under the HMRC's Company Share Option Plan, For the avoidance of doubt, no additional gross value can be delivered from the exercise of these Linked Options under the terms of the PSP.

The total number of ordinary shares over which nominal-cost share options were accepted on 25 March 2019 represents less than 0.1% of the Company's issued ordinary share capital on that date.

No consideration was paid for the grant of the awards.

The vesting of these options is subject to the continued employment of the Executive Directors and the satisfaction of performance conditions set by the Remuneration Committee of the Company. The options will normally vest on the later of the third anniversary of grant and the determination of the performance conditions and are then subject to an additional two-year holding period. To the extent that the options vests, it is exercisable for a period of five years from the end of the holding period.

The nominal option price payable by each participant on the exercise of these options is 5 pence per share.

The information set out below is provided in accordance with the requirements of Article 19(3) of MAR and provides further detail:

 
 1    Details of the persons discharging managerial responsibilities 
 a)   Name(s)                          Andrew Heath 
                                      -------------------------------------------------------- 
 2    Reason for the notification 
 a)   Position/status                  Director and 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) 
       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               Options granted over ordinary shares of 5p 
       financial instrument,            each 
       type of instrument 
       Identification code 
                                        GB0003308607 
                                      -------------------------------------------------------- 
 b)   Nature of the transaction        Acceptance of a grant of options over ordinary 
                                        shares of 5p each on 7 March 2019. pursuant 
                                        to the terms of the PSP. 
     ------------------------------- 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                                  -------------------------------------------- 
                                       GBP0.05     Nominal-c0st options over 45,710 ordinary 
                                                    shares 
                                      ----------  -------------------------------------------- 
 d)   Aggregated information           Aggregated Volume            n/a 
                                      ---------------------------  --------------------------- 
                                       Price                        n/a 
                                      ---------------------------  --------------------------- 
 e)   Date of the transaction          25 March 2019 
     -------------------------------  -------------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------------------- 
 
 
 
 1    Details of the persons discharging managerial responsibilities 
 a)   Name(s)                          Derek Harding 
                                      --------------------------------------------------------- 
 2    Reason for the notification 
 a)   Position/status                  Director and 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) 
       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               Options over ordinary shares of 5p each 
       financial instrument, 
       type of instrument 
       Identification code              GB0003308607 
                                      --------------------------------------------------------- 
 b)   Nature of the transaction        Acceptance of a grant of options over ordinary 
                                        shares of 5p each on 7 March 2019, pursuant 
                                        to the terms of the PSP 
     ------------------------------- 
 c)   Price(s) and volume(s)           Price(s)     Volume(s) 
                                                   -------------------------------------------- 
                                       GBP0.05      Nominal-cost options over 35,593 ordinary 
                                                     shares 
                                        GBP26.69 
                                                     Linked Options granted in accordance 
                                                     with HMRC's Company Share Option Plan 
                                                     over 1,124 ordinary shares 
                                      -----------  -------------------------------------------- 
 d)   Aggregated information           Aggregated Volume              n/a 
                                      -----------------------------  -------------------------- 
                                       Price                          n/a 
                                      -----------------------------  -------------------------- 
 e)   Date of the transaction          25 March 2019 
     -------------------------------  --------------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------------------------- 
 
 

Name of contact and telephone number for queries:

Rebecca Dunn

Deputy Company Secretary

01784 470 470

For and on behalf of Spectris plc

Date: 26 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 rns@lseg.com or visit www.rns.com.

END

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March 26, 2019 10:30 ET (14:30 GMT)

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