Van Elle Holdings PLC Director/PDMR LTIP Awards (4154N)

TIDMVANL

RNS Number : 4154N

Van Elle Holdings PLC

29 September 2021

Van Elle Holdings plc

('Van Elle', the 'Company' or the 'Group')

Director/PDMR LTIP Awards

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor, announces that on 27 September 2021, awards were made over ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") under the Long Term Incentive Plan 2016 ("LTIP") (the "Awards").

The Awards have been granted in the form of an option to acquire Ordinary Shares at an exercise price of 2 pence each. The number of options which vest, conditional upon continued employment, are subject to the Group achieving certain performance criteria based on a combination of a Total Shareholder Return and Return on Capital Employed targets, aligned to the Group's medium-term financial objectives.

The Awards are governed by the rules of the LTIP, and subject thereto, vest on the third anniversary of the date of grant to the extent determined in accordance with the performance criteria.

The Awards were issued to certain directors and PDMRs of the Company, as set out below:

 
 Director/PDMR      Position           Number of Shares over 
                                           which Awards have 
                                                   been made 
                    Chief Executive 
 Mark Cutler         Officer                         587,628 
                   -----------------  ---------------------- 
                    Chief Financial 
 Graeme Campbell     Officer                         340,206 
                   -----------------  ---------------------- 
 

For further information, please contact:

 
 Van Elle Holdings plc                       Via Walbrook 
  Mark Cutler, Chief Executive Officer 
  Graeme Campbell, Chief Financial Officer 
 
 Peel Hunt LLP (Nominated Adviser and        Tel: [phone] 
  corporate broker) 
  Mike Bell / Ed Allsopp 
 
 Walbrook PR Limited                         Tel: [phone] 
                                              or [e-mail] 
 
 Tom Cooper / Nick Rome / Nicholas Johnson   07971 221 972 or 07748 
                                              325 236 or 07884 664 
                                              686 
 

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: general piling, specialist piling and ground engineering; and is focused on three end markets: residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

General piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist piling provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground engineering services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot(R). Van Elle has a market-leading reputation and the UK's largest rig fleet of 115 rigs.

Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
 a.    Name                         Mark Cutler 
      ---------------------------  ---------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------- 
 a.    Position/status              CEO 
      ---------------------------  ---------------------------------- 
 b.    Initial notification         Initial notification 
        /Amendment 
      ---------------------------  ---------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
      --------------------------------------------------------------- 
 a.    Name                         Van Elle Holdings plc 
      ---------------------------  ---------------------------------- 
 b.    LEI                          213800LQC6YL8KJT1Y18 
      ---------------------------  ---------------------------------- 
 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                  Ordinary shares of 2p 
        of the Financial 
        instrument, 
        type of instrument           ISIN: GB00BYX4TP46 
        Identification 
        code 
      ---------------------------  ---------------------------------- 
 b.    Nature of                    Grant of an award under the 
        the transaction              Van Elle Holdings plc LTIP 
      ---------------------------  ---------------------------------- 
 c.    Price(s)                      Price(s)         Volume(s) 
        and volume(s) 
      ---------------------------   ---------------  -------------- 
    n/a                                               587,628 
   ------------------------------------------------  -------------- 
 
 d.    Aggregated 
        information                   As above 
        - Aggregated 
        volume 
        - Price 
      ---------------------------  ---------------------------------- 
 e.    Date of the                  27 September 2021 
        transaction 
      ---------------------------  ---------------------------------- 
 f.    Place of                     Outside a trading venue 
        the transaction 
      ---------------------------  ---------------------------------- 
 
 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
 a.    Name                         Graeme Campbell 
      ---------------------------  ---------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------- 
 a.    Position/status              CFO 
      ---------------------------  ---------------------------------- 
 b.    Initial notification         Initial notification 
        /Amendment 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
 a.    Name                         Van Elle Holdings plc 
      ---------------------------  ---------------------------------- 
 b.    LEI                          213800LQC6YL8KJT1Y18 
      ---------------------------  ---------------------------------- 
 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                  Ordinary shares of 2p 
        of the Financial 
        instrument, 
        type of instrument           ISIN: GB00BYX4TP46 
        Identification 
        code 
      ---------------------------  ---------------------------------- 
 b.    Nature of                    Awards issued under the Van 
        the transaction              Elle LTIP 
      ---------------------------  ---------------------------------- 
 c.    Price(s)                      Price(s)         Volume(s) 
        and volume(s) 
      ---------------------------   ---------------  -------------- 
    n/a                                               340,206 
   ------------------------------------------------  -------------- 
 
 d.    Aggregated 
        information                   As above 
        - Aggregated 
        volume 
        - Price 
      ---------------------------  ---------------------------------- 
 e.    Date of the                  27 September 2021 
        transaction 
      ---------------------------  ---------------------------------- 
 f.    Place of                     Outside a trading venue 
        the transaction 
      ---------------------------  ---------------------------------- 
 

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September 29, 2021 08:30 ET (12:30 GMT)