Victorian Plumbing Group plc PDMR LTIP Awards (9013Q)

TIDMVIC

RNS Number : 9013Q

Victorian Plumbing Group plc

24 February 2023

24 February 2023

Victorian Plumbing Group plc

("Victorian Plumbing" or the "Group")

PDMR LTIP Awards

Victorian Plumbing Group plc (AIM: VIC), the UK's leading online specialist bathroom retailer, makes the following announcement in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (596/2014EU), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, in respect of ordinary shares of GBP0.001 each in the capital of Victorian Plumbing Group plc.

On 22 February 2023, awards over shares (the "Awards") were made under the Victorian Plumbing Group plc Long Term Incentive Plan (the "LTIP"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.

The Awards for the LTIP, made for nil consideration, are nil-cost options established in accordance with the rules of the shareholder approved plan and vesting is subject to an adjusted earnings per share ("EPS") target, measured over the three year performance period ending 30 September 2025. A two year holding period will apply following the vesting date.

 
 D irector/PDMR    Role                       Number of shares over 
                                               which Awards are made 
 Mark Radcliffe    Chief Executive Officer    661,725 
                  -------------------------  ----------------------- 
 Paul Meehan       Chief Financial Officer    208,443 
                  -------------------------  ----------------------- 
 

There were 325,227,984 shares in issue at the time of this notification (not including those shares which may be issued in accordance with these awards).

 
 1.    Details of PDMR 
 (a)   Name                           MARK RADCLIFFE 
                                       PAUL MEEHAN 
      -----------------------------  ---------------------------------------- 
 2.    Reason for notification 
      ----------------------------------------------------------------------- 
 (a)   Position/Status                MARK RADCLIFFE - CHIEF EXECUTIVE 
                                       OFFICER 
                                       PAUL MEEHAN - CHIEF FINANCIAL 
                                       OFFICER 
      -----------------------------  ---------------------------------------- 
 (b)   Initial notification /         Initial Notification 
        amendment 
      -----------------------------  ---------------------------------------- 
 3.    Details of the Issuer 
      ----------------------------------------------------------------------- 
 (a)   Name                           VICTORIAN PLUMBING GROUP PLC 
      -----------------------------  ---------------------------------------- 
 (b)   LEI                            894500R59II0S4WXGZ04 
      -----------------------------  ---------------------------------------- 
 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 transaction(s) 
        have been conducted 
      ----------------------------------------------------------------------- 
 (a)   Description of the financial   Ordinary shares of GBP0.001 each 
        instrument 
      -----------------------------  ---------------------------------------- 
 (b)   Nature of the transaction      Awards made pursuant to the Victorian 
                                       Plumbing Group plc Long Term Incentive 
                                       Plan ("LTIP") 
      -----------------------------  ---------------------------------------- 
 (c)   Price(s) and volume             Price(s)   Volume(s) 
                                        Nil        MARK RADCLIFFE - 661,725 
                                                  ------------------------- 
                                        Nil        PAUL MEEHAN - 208,443 
                                                  ------------------------- 
      -----------------------------  ---------------------------------------- 
 (d)   Aggregated information         n/a 
      -----------------------------  ---------------------------------------- 
 (e)   Date of the transaction        22 FEBRUARY 2023 
      -----------------------------  ---------------------------------------- 
 (f)   Place of the transaction       Outside a trading venue 
      -----------------------------  ---------------------------------------- 
 

-ENDS-

For further information, please contact:

 
 Victorian Plumbing Group plc                                   via FTI Consulting 
  Mark Radcliffe, Chief Executive Officer                         [phone] 
  Paul Meehan, Chief Financial Officer 
  Daniel Barton, Director of Finance 
  and Company Secretary 
 FTI Consulting (Financial PR)                                    [phone] 
  Alex Beagley, Eleanor Purdon, Harriet        [e-mail] 
  Jackson, Amy Goldup 
 Houlihan Lokey UK Ltd (Nominated Adviser) 
  Sam Fuller, Tim Richardson                                      [phone] 
 
 Barclays Bank PLC (Joint Broker) 
  Nicola Tennent, Stuart Muress                                   [phone] 
 
 Numis Securities Limited (Joint Broker) 
  Luke Bordewich, Oliver Steele                                   [phone] 
 
 

About Victorian Plumbing Group

Victorian Plumbing is the UK's leading online specialist bathroom retailer, offering a wide range of over 32,000 products to B2C and trade customers. Victorian Plumbing offers its customers a one-stop shop solution for the entire bathroom with more than 125 own and third-party brands across a wide spectrum of price points.

The Group's product design and supply chain strengths are complemented by its creative and brand-focused marketing strategy, which predominantly focuses on online channels to drive significant and growing traffic to its website.

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February 24, 2023 02:00 ET (07:00 GMT)