9th Apr 2020 17:00
Date: 9 April 2020
Meggitt PLC
(the "Company")
Director/PDMR Shareholdings
Awards granted on 7 April 2017 under the 2014 Long Term Incentive Plan ("LTIP") vested on 7 April 2020. Ms Thomas' award granted on 31 October 2017 under the Share Incentive and Retention Plan ("SIRP") also vested on 7 April 2020. In each case participants sold enough shares to cover tax and costs and retained the balance shares. All participants, except Mr Allen, retained the balance shares in their vested share account in the Meggitt Employees' Share Ownership Plan Trust. Mr Allen transferred the remainder to his brokerage account with Hargreaves Lansdown.
Director/PDMR
|
Shares under award
|
Shares sold to cover tax and costs at £2.6556
|
Shares retained
|
Total shareholding as a result of transaction
|
Total shareholding as a percentage of issued share capital
|
Chris Allen
| 68,595 | 32,305 | 36,290 |
314,685 |
0.0403 |
Paul Devaux
| 24,111 | 4,953 | 19,158 |
40,565 |
0.052 |
Marina Thomas (LTIP)
| 19,528 | 9,197 | 10,331 | 43,5651 | 0.00561 |
Marina Thomas (SIRP)
| 10,000 | 4,710 | 5,290 |
1These figures represent Ms Thomas' total shareholding, including the purchase noted below.
Ms Thomas also allowed her 2018 Sharesave Plan option over 1,921 shares with an option price of £3.7462 to lapse and purchased 7,103 shares at £2.8000 within an ISA held in her name.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name | Chris Allen | ||||||||
2
| Reason for the notification | |||||||||
a)
| Position/status
| President, Airframe Systems, PDMR | ||||||||
b)
| Initial notification / Amendment | Initial | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Meggitt PLC | ||||||||
b)
| LEI
| YMFO3TKB4UAWQTDZJJ31
| ||||||||
4
| Details of the transaction(s): | |||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 5p each
GB0005758098 | ||||||||
b)
| Nature of the transaction
| 1. Exercise of nil cost option under the 2014 Long Term Incentive Plan 2. Sale of shares resulting from exercise to cover tax and costs 3. Transfer of shares to brokerage account with Hargreaves Lansdowne | ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information
- Aggregated volume - Price |
n/a | ||||||||
e)
| Date of the transaction | 1 and 2 took place on 7 April 2020 and 3 was instructed on 7 April 2020 | ||||||||
f)
| Place of the transaction
| 1. Outside trading venue 2. London Stock Exchange - XLON 3. Outside trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Paul Devaux | ||||||
2
| Reason for the notification | |||||||
a)
| Position/status
| President Energy & Equipment and Group Operations Director, PDMR | ||||||
b)
| Initial notification / Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Meggitt PLC | ||||||
b)
| LEI
| YMFO3TKB4UAWQTDZJJ31
| ||||||
4
| Details of the transaction(s): | |||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 5p each
GB0005758098 | ||||||
b)
| Nature of the transaction
| 1. Exercise of nil cost option under the 2014 Long Term Incentive Plan 2. Sale of shares resulting from exercise to cover tax and costs | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume - Price |
n/a | ||||||
e)
| Date of the transaction | All transactions took place on 7 April 2020 | ||||||
f)
| Place of the transaction
| 1. Outside trading venue 2. London Stock Exchange - XLON | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||
a)
| Name | Marina Thomas | ||||||||||||||
2
| Reason for the notification | |||||||||||||||
a)
| Position/status
| Group Company Secretary & EVP Ethics and Communications, PDMR | ||||||||||||||
b)
| Initial notification / Amendment | Initial | ||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||
a)
| Name
| Meggitt PLC | ||||||||||||||
b)
| LEI
| YMFO3TKB4UAWQTDZJJ31
| ||||||||||||||
4
| Details of the transaction(s): | |||||||||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 5p each
GB0005758098 | ||||||||||||||
b)
| Nature of the transaction
| 1. Exercise of nil cost option under the 2014 Long Term Incentive Plan 2. Sale of shares resulting from exercise to cover tax and costs 3. Exercise of conditional share award under the Share Incentive and Retention Plan 4. Sale of shares resulting from exercise to cover tax and costs 5. Cancellation of 2018 Sharesave Plan option 6. Purchase of shares within an ISA held in the name of Marina Thomas | ||||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||||
d)
| Aggregated information
- Aggregated volume - Price |
n/a | ||||||||||||||
e)
| Date of the transaction | All transactions took place on 7 April 2020 | ||||||||||||||
f)
| Place of the transaction
| 1. Outside trading venue 2. London Stock Exchange - XLON 3. Outside trading venue 4. London Stock Exchange - XLON 5. Outside trading venue 6. London Stock Exchange - XLON | ||||||||||||||
Enquiries:
Meggitt PLC
Marina Thomas, Group Company Secretary ([email protected])
Katie Lewis, Senior Assistant Company Secretary ([email protected])
Simon Grant, Assistant Company Secretary ([email protected])
Related Shares:
MGGT.L