17th Jun 2025 10:18
17 June 2025
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Company")
Grant of SAYE Options and Director / PDMR Dealings
Victorian Plumbing (AIM: VIC), the UK's leading bathroom retailer, announces that on 16 June 2025 the Company granted options ("Options") over 409,327 ordinary shares of £0.001 each ("Ordinary Shares") pursuant to the Victorian Plumbing Group plc Save As You Earn share scheme (2025 award) ("SAYE Scheme").
The Options have a contract start date of 1 August 2025 and are exercisable within 6 months from 1 August 2028 at an exercise price of 66.18 pence per Ordinary Share, which was set in accordance with rules of the SAYE Scheme.
Within the Options described above, 13,863 Options were granted to Daniel Barton, Chief Financial Officer.
On 16 June 2025, the Company was notified that Daniel Barton had exercised options over 191,694 Ordinary Shares granted and vested pursuant to the Company's Long Term Incentive Plan and Deferred Bonus Plan (FY23 award) (the "Exercise"). 191,694 Ordinary Shares held in the Victorian Plumbing Group Employee Benefit Trust have been utilised to satisfy the Exercise.
In addition, the Company has been notified that Daniel Barton subsequently sold 90,418 Ordinary Shares at a price of 77.65 pence per Ordinary Share to cover the tax liabilities and dealing costs resulting from the Exercise.
Following these transactions, Daniel Barton holds 273,062 Ordinary Shares, representing approximately 0.08% of the Ordinary Shares in issue.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
| |||||
a) Name | Daniel Barton | ||||
2. Reason for the notification | |||||
a) Position/status | Chief Financial Officer | ||||
b) Initial notification / Amendment | Initial notification | ||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
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 transactions have been conducted | |||||
a) Description of the financial instrument, type of instrument | Ordinary Shares of £0.001 each | ||||
b) Identification code | ISIN: GB00BNVVHD43 | ||||
c) Nature of the transaction | Option granted under the Victorian Plumbing Group plc Save As You Earn share scheme (2025 award) with an exercise price of 66.18 pence per Ordinary Share | ||||
d) Price(s) and volume(s) |
| ||||
e) Aggregated information: i. Aggregated volume ii. price | N/A | ||||
f) Date of the transaction | 16 June 2025 | ||||
g) Place of the transaction | Outside a trading venue | ||||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
| |||||
a) Name | Daniel Barton | ||||
2. Reason for the notification | |||||
a) Position/status | Chief Financial Officer | ||||
b) Initial notification / Amendment | Initial notification | ||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
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 transactions have been conducted | |||||
a) Description of the financial instrument, type of instrument | Ordinary Shares of £0.001 each | ||||
b) Identification code | ISIN: GB00BNVVHD43 | ||||
c) Nature of the transaction | Exercise of share options granted pursuant to the Victorian Plumbing Group plc Long Term Incentive Plan and Deferred Bonus Plan (FY23 award) | ||||
d) Price(s) and volume(s) |
| ||||
e) Aggregated information: i. Aggregated volume ii. price | N/A - single transaction | ||||
f) Date of the transaction | 16 June 2025 | ||||
g) Place of the transaction | Outside a trading venue | ||||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
| |||||
a) Name | Daniel Barton | ||||
2. Reason for the notification | |||||
a) Position/status | Chief Financial Officer | ||||
b) Initial notification / Amendment | Initial notification | ||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
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 transactions have been conducted | |||||
a) Description of the financial instrument, type of instrument | Ordinary Shares of £0.001 each | ||||
b) Identification code | ISIN: GB00BNVVHD43 | ||||
c) Nature of the transaction | Sale of 90,418 ordinary shares of £0.001 each | ||||
d) Price(s) and volume(s) |
| ||||
e) Aggregated information: i. Aggregated volume ii. price | N/A - single transaction | ||||
f) Date of the transaction | 16 June 2025 | ||||
g) Place of the transaction | London Stock Exchange, AIM | ||||
-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 Limited (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.
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