26th Apr 2019 11:34
VECTURA GROUP PLC
DIRECTOR/PDMR SHARE DEALING
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulations)
Chippenham, UK, 26 April 2019: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 25 April 2019, the following Persons Discharging Managerial responsibility ("PDMRs") were granted Share Awards over ordinary shares of 0.025 pence each in Vectura Group plc under the Vectura 2015 Long Term Incentive Plan, as set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Fry | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Vectura Group plc | ||||
b) | LEI | |||||
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 | Ordinary Shares of 0.025 pence each in Vectura Group plc GB00B01D1K48 | ||||
b) | Nature of the transaction | Grant of an award under the Company's Long Term Incentive Plan as an option with an exercise price of 0.025 pence per share. Vesting is normally 3 years after grant subject to (i) stretching performance targets over 3 financial years commencing with the year of grant and (ii) continued service.
Information regarding the performance conditions for the 2019 awards will be set out under Meetings and Voting in the Investors section of the Company's website. Details will also be provided in due course in the Directors' Remuneration Report included in the Company's Report and Accounts for 2019.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 25 April 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
John Murphy, Company Secretary Tel: + 44 (0)207 881 0524
Related Shares:
VEC.L