20 Sep 2016 09:00
ELEMENTIS PLC - Director/PDMR ShareholdingELEMENTIS PLC - Director/PDMR Shareholding
PR Newswire
London, September 20
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | RALPH HEWINS | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CFO-DESIGNATE, EXECUTIVE DIRECTOR | ||||
| b) | Initial notification/Amendment | INITIAL NOTIFICATION | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | ELEMENTIS PLC | ||||
| b) | LEI | 549300LQIH685LI2ML36 | ||||
| 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 | SHARES GB0002418548 | ||||
| b) | Nature of the transaction | An award of nil cost options over 240,693 ordinary shares in Elementis plc, made in accordance with and as permitted under LR 9.4.2, to replace certain 2015 and 2016 equity-related awards forfeited by Mr Hewins following his decision to join Elementis. This award is made as a stand-alone arrangement but borrows from the terms and Rules of the Elementis plc 2008 Long Term Incentive Plan (as amended) ("LTIP"), except in relation to the vesting profile. This award is subject to the same EPS and TSR performance conditions as the awards made on 4TH April this year to other senior employee participants of the LTIP and will also ordinarily vest on 4TH April 2019. | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information | |||||
| -Aggregated volume | N/A | |||||
| e) | Date of the transaction | 2016-09-19 | ||||
| f) | Place of the transaction | N/A | ||||
Elementis (ELM)