Last checked at 25 Mar 2020 11:23
Spectris plc: Director/PDMR Shareholding
This notification is made under Article 19(1) of the EU Market Abuse Regulation 596/2014 ('MAR').
Spectris plc ('the Company') has been notified by Andrew Heath, Chief Executive, that he has today acquired 1,089 ordinary shares at a price of 2298 pence per share. This purchase was made pursuant to an irrevocable instruction dated 29 February 2020 to purchase shares to the value of £25,217.40.
This purchase was made in compliance with the Company's 2017 Remuneration Policy (the "Policy") and the requirement contained within the Policy that any bonus payment in excess of 60% of salary must be used to acquire shares in the Company until the minimum shareholding requirement of 300% of salary is achieved.
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 | Executive 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 financial instrument, type of instrument Identification code | Ordinary Shares of 5 pence each
GB0003308607 | ||
b) | Nature of the transaction | Purchase of ordinary shares of 5 pence each pursuant to an irrevocable instruction made on 29 February 2020 | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£22.98 | 1,089 | |||
d) | Aggregated information | Aggregated Volume | 1,089 | |
Price | £22.98 | |||
e) | Date of the transaction | 25 March 2020 | ||
f) | Place of the transaction | London Stock Exchange | ||
Name of contact and telephone number for queries:
Rebecca Dunn
Deputy Company Secretary
01784 470 470
For and on behalf of Spectris plc
Date: 25 March 2020