17th Sep 2025 16:06
Castings plc (the "Company")
Exercise of Options by Persons Discharging Managerial Responsibilities ("PDMRs")
Castings PLC ("Castings" or "the company"), the leading iron casting and machining group primarily focused on the European heavy truck market, announces that PDMRs have exercised in aggregate 35,292 options over ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") at an exercise price of £nil each pursuant to the Castings 2020 Restricted Share Plan.
Date of Exercise | Name | Number of options exercised | Number of Ordinary Shares received pursuant to the exercise* | Shareholding post-exercise |
17 September 2025 | Adam Vicary | 20,432 | 10,828 | 50,828 |
17 September 2025 | Steven Mant | 14,860 | 7,875 | 27,912 |
* The options have been exercised on a cash-less basis, after deductions for income tax and national insurance contributions.
The exercise of options is being satisfied from existing Ordinary Shares which were held by the Company in treasury.
Total Voting Rights
The Company's issued share capital comprises 43,632,068 Ordinary Shares. Following this exercise of options, the Company holds 155,297 shares in treasury. Therefore, the total number of voting rights in the Company is 43,476,771.
The above figure of 43,476,771 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Castings PLC +44 (0) 1543 374341
S J Mant, Director and Company Secretary
Canaccord Genuity Limited (Joint Broker) +44 (0) 20 7523 8000
Adam James
George Grainger
Zeus Capital Limited (Joint Broker) +44 (0) 20 3829 5000
Dominic King (Corporate Broking)
David Foreman (Investment Banking)
Notes for Editors
Castings PLC is a leading iron casting and machining group based in the UK, supplying both the domestic and export markets. It has gross foundry capacity of 70,000 tonnes p.a. and is highly invested with the latest automation technologies. This enables high mix production of low volume parts on a just in time basis to provide a competitive edge. Castings has long-term relationships with the major OEMs in its core European heavy truck market and their platforms typically last over 10 years in production. In addition to the commercial vehicle sector, Castings PLC also supplies the wind power, agriculture, rail and material handling markets. www.castings.plc.uk
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 1. Adam Vicary
2. Steven Mant | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Chief Executive Officer
2. Finance Director | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Castings plc | ||||
b) | LEI | 2138004LKVACAUE94W70 | ||||
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 10 pence each
GB0001795680 | ||||
b) | Nature of the transaction | Exercise of share options | ||||
c)
| Price(s) and volume(s)
|
The above number of shares are the net number after deducting for income tax and national insurance contributions.
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A - Singe transaction | ||||
e) | Date of the transaction | 17 September 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Related Shares:
Castings