Treatt PLC Director/PDMR Shareholding (5808O)

TIDMTET

RNS Number : 5808O

Treatt PLC

18 May 2018

18 May 2018

TREATT PLC

("Treatt" or "the Company")

Notification of Transactions of Directors

In accordance with the requirements of the EU Market Abuse Regulation, the Company received notification by certain Directors on 17 May 2018 of the following transactions.

Awards granted pursuant to the 2014 Long Term Incentive Plan ("2014 LTIP) to Daemmon Reeve, Chief Executive Officer, and Richard Hope, Chief Financial Officer, in 2014 and vested in full on 15 December 2017, were subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a three-year period.

Awards granted pursuant to an Unapproved Share Option, which was granted to Daemmon Reeve in 2012 and vested in full on 14 December 2017, was also subject to performance criteria based upon the average annual growth in pre-exceptional basic earnings per share over a five-year period.

Restricted Stock Units (RSUs) were granted to Daemmon Reeve in 2014 pursuant to an all staff award for eligible US employees, which were granted on terms consistent with awards made to UK employees under the Treatt Plc Share Incentive Plan.

These vestings and exercises are detailed below, including the number of Ordinary Shares each sold at a price of 486 pence per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise:

 
                   Ordinary    Ordinary         Ordinary         Ordinary   Resultant      Resultant 
                    Shares      Shares           Shares           Shares     interest       % holding 
                    received    received         received         sold       in Ordinary    in 
                    pursuant    pursuant         pursuant                    Shares         total 
                    to 2014     to Unapproved    to Restricted                              issued 
                    LTIP        Share            Stock                                      share 
                                Option           Units                                      capital 
                                Scheme 
---------  -----  ----------  ---------------  ---------------  ---------  -------------  ----------- 
 Daemmon 
  Reeve     CEO    164,816     78,195           366              105,868    302,861        0.52% 
 Richard 
  Hope      CFO    128,400     -                -                60,348     286,451        0.49% 
 

Further details regarding the 2014 LTIP, the Unapproved Share Option and the Restricted Stock Units are set out in the Company's 2017 Annual Report.

Contact details

Anita Steer

Company Secretary

++ 44 1284 770028

 
       Details of the Director 
----  ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                       1. Daemmon Reeve 
                                                   2. Richard Hope 
----  ------------------------------------  -------------------------------------------------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                            1. CEO 
                                                   2. CFO 
----  ------------------------------------  -------------------------------------------------------------------------- 
 b)    Initial notification/Amendment         Initial Notification 
----  ------------------------------------  -------------------------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                   Treatt Plc 
----  ------------------------------------  -------------------------------------------------------------------------- 
 b)    LEI                                    213800G40JM9F7G9LG39 
----  ------------------------------------  -------------------------------------------------------------------------- 
 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 
----  ---------------------------------------------------------------------------------------------------------------- 
 b)    Nature of transaction                      1. Only: 
                                                  a) Exercise of 2014 LTIP 
                                                  b) Exercise of 2012 Unapproved Share Option 
                                                  c) Exercise of All Staff RSUs 
                                                  d) Sale of shares to satisfy UK & US tax liabilities and 
                                                  subscription for 2012 Unapproved 
                                                  Share Option 
                                                  2. Only: 
                                                  e) Exercise of 2014 LTIP 
                                                  f) Sale of shares to satisfy tax UK liabilities 
----  ------------------------------------  -------------------------------------------------------------------------- 
 c)    Price(s) and volume(s)                Price(s)                              Volume(s) 
----  ------------------------------------  ------------------------------------  ------------------------------------ 
                                             1a) nil cost                          164,816 
    1b) GBP0.79                                                                     78,195 
    1c) nil cost                                                                    366 
    1d) GBP4.86                                                                     105,868 
 
    2a) nil cost                                                                    128,400 
    2b) GBP4.86                                                                     60,348 
  ------------------------------------------------------------------------------  ------------------------------------ 
  Aggregated information                N/A (Single transaction) 
   - Aggregated volume 
   - Price 
 ------------------------------------  ------------------------------------------------------------------------------- 
 e)    Date of the transaction               17 May 2018 
----  ------------------------------------  -------------------------------------------------------------------------- 
 f)    Place of the transaction              London Stock Exchange, XLON 
----  ------------------------------------  -------------------------------------------------------------------------- 
 

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May 18, 2018 06:13 ET (10:13 GMT)