4th Apr 2014 10:54
LONDON (Alliance News) - Vesuvius PLC said Friday that Chief Executive Francois Wanecq acquired shares that vested under its 2011 long-term incentive plan, and was awarded shares equivalent to dividends that would have accrued on the on the shares during the three year vesting period.
Subsequently, Wanecq sold 71,001 shares at 435.5 pence to cover dealing costs, tax and social security liabilities.
The transactions were as follows:
Performance Shares Vested |
| Matching Shares Vested
|
| Dividend Shares | Total number of Shares Sold to cover dealing costs, tax and social security liabilities | Total Shares to be retained |
42,105 |
| 91,752 |
| 16,905 | 71,001 | 79,761 |
Following the transactions Wanecq's shareholding in the ceramic consumable products and systems for the steel and foundry industries company is 0.48%.
Shares in Vesuvius were trading up 2.3% 456.8 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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