8th Apr 2021 07:00
8th April 2021
Vivo Energy plc (the "Company")
(LSE: VVO / JSE: VVO)
Notification of Transactions by Directors
On 7 April 2021, Vivo Energy plc granted to certain Directors nil-cost options (the Awards) over ordinary shares of the Company (the Shares). The Awards were granted under the 2018 Long Term Incentive Plan as set out below:
Name | Position | Number of Shares |
Christian Chammas | Chief Executive Officer | 1,651,528 |
Doug Lafferty | Chief Financial Officer | 825,764 |
Consistent with practice in prior years, the Awards will be subject to the satisfaction of performance conditions relating to EPS, Return on Average Capital Employed and Relative TSR measured over three financial years between 1 January 2021 to 31 December 2023 and continued employment over the relevant period.
Due to ongoing market uncertainty, the detailed targets for these awards are still in the process of being finalised. The Committee is mindful of current investor best practice guidance relating to target setting for 2021 long-term incentives awards, and intends to publish the targets for this award on the Company's website once finalised.
Following the assessment of performance conditions after the end of the performance period, Awards are subject to a holding period of 2 years, during which period the Awards may not normally be exercised.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation and provides further details of the Award:
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Christian Chammas | |
2 | Reason for the notification | ||
a) | Position/status | Director and PDMR | |
b) | Initial/Amendment notification | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Vivo Energy plc | |
b) | LEI | 213800TR7V9QN896AU56 | |
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 | Nil-cost options over ordinary shares of Vivo Energy plc
ISIN: GB00BDGT2M75 | |
b) | Nature of the transaction | Grant of nil-cost options under the 2018 Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s)
|
£Nil | 1,651,528 shares
| ||
d) | Aggregated information
- Aggregated volume
- Price | Aggregated Volume | Price |
1,651,528 shares
| £Nil | ||
e) | Date of the transaction | 7 April 2021 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Doug Lafferty | |
2 | Reason for the notification | ||
a) | Position/status | Director and PDMR | |
b) | Initial/Amendment notification | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Vivo Energy plc | |
b) | LEI | 213800TR7V9QN896AU56 | |
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 | Nil-cost options over ordinary shares of Vivo Energy plc
ISIN: GB00BDGT2M75 | |
b) | Nature of the transaction | Grant of nil-cost options under the 2018 Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s)
|
£Nil | 825,764 shares
| ||
d) | Aggregated information
- Aggregated volume
- Price | Aggregated Volume | Price |
|
| 825,764 shares
| £Nil |
e) | Date of the transaction | 7 April 2021 | |
f) | Place of the transaction | Outside a trading venue | |
ENDS
For further information, please contact:
Minna Gonzalez-Gomez
Group Company Secretary
+44 2030 343 718
About Vivo Energy:
Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.
Vivo Energy has its primary listing on the London Stock Exchange and secondary listing on the Johannesburg Stock Exchange.
For more information about Vivo Energy please visit www.vivoenergy.com
Related Shares:
VVO.L