RNS Number : 8301M
Stelrad Group PLC
25 May 2022
 

25 May 2022

Stelrad Group PLC

('Stelrad' or the 'Company')

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them

Stelrad announces the grant of awards over a total of 571,808 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company to its Executive Directors.

On 24 May 2022, the following conditional awards were granted to the Company's Executive Directors, pursuant to the Company's Long Term Incentive Plan ("LTIP"):

Name

Role

Date of Grant of Awards

Number of Shares Awarded

Trevor Harvey

Chief Executive Officer

24 May 2022

348,663

George Letham

Chief Financial Officer

24 May 2022

223,145

 

The vesting of awards is subject to the achievement of three-year EPS and TSR performance targets. Full details can be found in the Company's 2022 Annual Report and Accounts. The number of shares in respect of which the 2022 Awards shall vest and may be exercised, shall depend upon the extent to which the performance conditions are satisfied. Once vested, Executive Directors' shares will be required to be held for a further two years.

The Notification of Dealing Form for each PDMR can be found below.

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Trevor Harvey

2

Reason for the notification

 

a)

Position/status

 

Chief Executive Officer

b)

Initial notification/ Amendment

 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Stelrad Group PLC

b)

LEI

 

2138006LKVGN16PTVA73

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 £0.001 each

 

 

 

 

ISIN   GB00BMHRMV23

b)

Nature of the transaction

 

Grant of awards, structured as conditional share awards, under the Stelrad Group PLC Long Term Incentive Plan 

c)

Price(s) and volume(s)

 

 Price(s)

 

Nil

 

 

  Volume(s)

 

  348,663

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

348,663 Ordinary Shares of £0.001

 

Nil

 

e)

Date of the transaction

 

24 May 2022

f)

Place of the transaction

 

N/A- Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

George Letham

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

 

Stelrad Group PLC

b)

LEI

 

2138006LKVGN16PTVA73

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 £0.001 each

 

 

 

 

ISIN   GB00BMHRMV23

b)

Nature of the transaction

 

Grant of awards, structured as conditional share awards, under the Stelrad Group PLC Long Term Incentive Plan 

c)

Price(s) and volume(s)

 

 Price(s)

 

Nil

 

  Volume(s)

 

  223,145

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

223,145 Ordinary Shares of £0.001 each

 

Nil

 

e)

Date of the transaction

 

24 May 2022

f)

Place of the transaction

 

N/A- Outside of a trading venue

 

 

 

 

Enquiries:

Computershare Company Secretarial Services Limited

StelradGroup-UKCoSec@computershare.co.uk

Company Secretary

 

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