Treatt PLC Notification of Transaction of Director (6670X)

TIDMTET

RNS Number : 6670X

Treatt PLC

21 December 2023

21 December 2023

TREATT PLC

("Treatt" or "the Company")

Notification of Transaction of Director

In accordance with the requirements of the Market Abuse Regulation, the Company received notification on 20 December 2023 of the following transactions.

An award granted pursuant to the 2019 Long Term Incentive Plan ("2019 LTIP") to Daemmon Reeve, Chief Executive Officer, in 2020 has vested at 51% of award on 15 December 2023. The applied vesting outcome was based on compound annual growth rate on earnings per share over a three-year period and the award has subsequently been exercised.

This exercise is detailed below, including the number of ordinary shares of 2 pence each in the Company ("Ordinary Shares") sold by Daemmon Reeve at a price of 430 pence per share to satisfy the tax and national insurance liabilities and administrative fees arising on exercise, the remaining shares are subject to a two-year holding period:

 
                   Ordinary           Ordinary       Resultant      Resultant 
                    Shares received    Shares sold    interest       % holding 
                    pursuant                          in Ordinary    in total 
                    to 2019 LTIP                      Shares         issued share 
                                                                     capital 
---------  -----  -----------------  -------------  -------------  -------------- 
 Daemmon 
  Reeve     CEO    23,241             10,923         555,175         0.9% 
 

Contact details

Vanessa Myatt

Deputy Company Secretary

++ 44 1284 702500

 
 1     Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                       Daemmon Reeve 
      -----------------------------------------  --------------------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                            CEO 
      -----------------------------------------  --------------------------------------------------------------------- 
 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 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial instrument,   Ordinary shares of 2 pence each 
       type of instrument 
       Identification code                         GB00BKS7YK08 
      -----------------------------------------  --------------------------------------------------------------------- 
 b)    Nature of transaction                           a) Exercise of 2020 LTIP 
                                                       b) Sale of shares to satisfy tax and national insurance 
                                                       liabilities 
      -----------------------------------------  --------------------------------------------------------------------- 
 c)    Price(s) and volume(s)                     Price(s)                                   Volume(s) 
      -----------------------------------------  -----------------------------------------  -------------------------- 
                                                       a) nil cost                           23,241 
         b) GBP4.30                                                                           10,923 
  ----------------------------------------------------------------------------------------  -------------------------- 
 d)      Aggregated information                   N/A (Single transaction) 
          - Aggregated volume 
          - Price 
      -----------------------------------------  --------------------------------------------------------------------- 
 e)    Date of the transaction                    19 December 2023 
      -----------------------------------------  --------------------------------------------------------------------- 
 f)    Place of the transaction                        a) Outside a trading Venue 
                                                        b) London Stock Exchange, XLON 
      -----------------------------------------  --------------------------------------------------------------------- 
 

END

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December 21, 2023 09:07 ET (14:07 GMT)