7th Feb 2025 14:00
7 February 2025
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Company")
Director / PDMR LTIP Awards
Victorian Plumbing (AIM: VIC), the UK's leading 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 £0.001 each in the capital of the Company ("Ordinary Shares").
On 6 February 2025, awards over Ordinary Shares (the "FY25 Awards") were made under the Victorian Plumbing Group plc Long Term Incentive Plan (the "LTIP"). Following the making of the FY25 Awards, the Ordinary Share interests of the under-noted Directors / Persons Discharging Managerial Responsibility have changed.
The FY25 Awards under the LTIP, made for nil consideration, were:
(a) for Mark Radcliffe, options granted with an exercise price equivalent to the nominal value of an Ordinary Share; and
(b) for Daniel Barton, nil cost options.
Director/PDMR | Role | Number of Ordinary Shares over which Awards are made |
Mark Radcliffe | Chief Executive Officer | 715,884 |
Daniel Barton | Chief Financial Officer | 490,380 |
The vesting of the FY25 Awards is subject to the following targets:
(a) 62.5% is subject to an adjusted diluted earnings per share target;
(b) 37.5% is subject to continued employment,
both measured over the three-year performance period ending 30 September 2027. A two-year holding period will apply following the vesting date.
There were 327,474,016 Ordinary Shares in issue at the time of this notification (not including those Ordinary Shares which may be issued in accordance with the FY25 Awards).
1. | Details of PDMR | |||||||
(a) | Name | Mark Radcliffe Daniel Barton | ||||||
2. | Reason for notification | |||||||
(a) | Position/Status | Mark Radcliffe - Chief Executive Officer Daniel Barton - Chief Financial Officer | ||||||
(b) | Initial notification / amendment | Initial Notification
| ||||||
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 instrument | Ordinary shares of £0.001 each ("Ordinary Shares")
| ||||||
(b) | Nature of the transaction | Awards made pursuant to the Victorian Plumbing Group plc Long Term Incentive Plan (FY25 award)
| ||||||
(c) | Price(s) and volume |
| ||||||
(d) | Aggregated information | n/a
| ||||||
(e) | Date of the transaction | 6 February 2025
| ||||||
(f) | Place of the transaction | Outside a trading venue
| ||||||
-ENDS-
For further information, please contact:
Victorian Plumbing Group plc Mark Radcliffe, Chief Executive Officer Daniel Barton, Chief Financial Officer
| via FTI Consulting +44 20 3727 1000 |
FTI Consulting (Financial PR) Alex Beagley, Harriet Jackson, Amy Goldup, Lia Bevan
| +44 20 3727 1000
|
Houlihan Lokey UK Ltd (Nominated Adviser) Sam Fuller, Tim Richardson | +44 20 7839 3355 |
Barclays Bank PLC (Joint Broker) Nicola Tennent, Stuart Muress | +44 20 7623 2323 |
Canaccord Genuity Limited (Joint Broker) Bobbie Hilliam, Elizabeth Halley Stott | +44 20 7597 5970 |
|
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading bathroom retailer, offering an unrivalled high-quality product range and excellent stock availability to B2C and trade customers.
Victorian Plumbing offers its customers a one-stop shop solution for the entire bathroom with own and third party brands across a wide spectrum of price points. Victorian Plumbing product design and supply chain strengths are complemented by its creative and brand-focused marketing strategy to drive significant and growing traffic to its platforms.
Headquartered in the North West, Victorian Plumbing employs staff across several locations in the UK.
Related Shares:
Victorian Plumbing