Last checked at 14 Dec 2010 15:09
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
(2) | An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
(3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
(4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
Victrex plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
(iii) Mr David Hummel, Mr Peter Bream
(i) Mr Tim Cooper,
3. Name of person discharging managerial responsibilities/director
Mr David Hummel
Mr Peter Bream
Mr Tim Cooper
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
In respect of the persons referred to in 3 above.
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary 1p shares in Victrex plc.
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
N/A
8. State the nature of the transaction
1. Awards made under the Victrex 2009 Long Term Incentive Plan over the number of ordinary shares set out at 9 below. The awards, which were granted for nil consideration, take the form of options to acquire ordinary shares for nil consideration, conditional upon the satisfaction of certain targets over a three year performance period.
2. Disposal of shares in the name of Mr. David Hummel and the Hummingbird Foundation, Inc., of which Mr. David Hummel is a trustee
9. Number of shares, debentures or financial instruments relating to shares acquired
N/A
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
N/A
11. Number of shares, debentures or financial instruments relating to shares disposed
N/A
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price per share or value of transaction
N/A
14. Date and place of transaction
1. 13 December 2010, Thornton, Cleveleys, UK, for the awards made under the Victrex 2009 Long Term Incentive Plan
2. 14 December 2010, London, UK, for the sale of 50,000 shares in the name of Mr. David Hummel and 50,000 shares in the name of the Hummingbird Foundation Inc,
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Number of ordinary shares held beneficially and non-beneficially
Mr David Hummel 3,700,475 4.425%
Mr Peter Bream Nil
Mr Tim Cooper Nil
16. Date issuer informed of transaction
13 December 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
13 December 2010
18. Period during which or date on which it can be exercised
13 December 2015 - 14 December 2020
19. Total amount paid (if any) for grant of the option
Nil
20. Description of shares or debentures involved (class and number)
Ordinary shares of 1p each
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
Mr David Hummel 225,975.
Mr Peter Bream 20,833.
Mr Tim Cooper 21,820.
………………………………
23. Any additional information
N/A
………………………………
24. Name of contact and telephone number for queries
Sonya Moore 01253 897 708
………………………………
Name and signature of duly authorised officer of issuer responsible for making notification
Sonya Moore
………………………………
Date of notification
14 December 2010
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END