5th Oct 2015 07:00
Vectura Group plc
NOTIFICATION OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
Chippenham, UK, 5 October 2015: Vectura Group plc (LSE: VEC; "Vectura" or "the Company") confirms that on 2 October 2015, the Company's Remuneration Committee judged that the performance conditions attached to options granted under the Company's 2012 Long Term Incentive Plan on 18 September 2012 had been met to the extent that it was sufficient to permit 50% of the options granted to vest, effective 18 September 2015. As a consequence, the remaining 50% of the options granted in 2012 have lapsed. The 2012 award was calculated using a share price of 81.5p, being the closing mid-market price on 18 September 2012, and the options were granted with an exercise price of 0.025p.
The table below sets out the impact of the vesting on the interests in shares held by the following Director.
Name | Number of options granted | Number of options lapsed | Number of shares vested |
Trevor Phillips | 410,659 | 205,330 | 205,329 |
Following the vesting, the total interest in shares of the Company held by Dr. Trevor Phillips is as follows:
Shares held | LTIP - unvested | LTIP - vested |
210,047 | 1,212,794 | 205,329 |
Vectura Group plc was notified of the above transactions on 2 October 2015.
Enquiries:
Vectura Group plc
Andrew J Oakley | |
Chief Financial Officer and Company Secretary |
|
One Prospect West Chippenham Wiltshire SN14 6FH
Tel: 01249 667700 | |
www.vectura.com |
Related Shares:
VEC.L