Immediate Release 28 July 2024
Vp plc
('the Company')
Grant of SAYE Options and PDMR Dealing
Vp plc announces that on 26 July 2024, it granted 1,344 options over new ordinary shares of 5 pence each ("Ordinary Shares") to certain employees and directors of the Group under the Vp plc Save As You Earn scheme ("SAYE Scheme").
Participation in the SAYE Scheme has been made available to all employees of the Company who satisfy certain eligibility criteria. The following directors and persons discharging managerial responsibility ("PDMRs") of the Company have elected to participate in the SAYE Scheme and their options are included in the total figures above.
| Name | Title | Number of Ordinary Shares over which options granted | Exercise price |
| Anna Bielby | Chief Executive Officer
| 672 | 552p |
| Keith Winstanley | Chief Financial Officer | 672 | 552p |
The options vest after three years, subject to continued employment with the Group, and are exercisable at a price of 552 pence per share, calculated in accordance with the rules of the SAYE Scheme representing a discount of 20% to the mid-market closing price on 27 June 2024, being the last practicable day prior to the invitation made to all eligible employees on 28 June 2024.
The below notifications made in accordance with the requirements of the UK Market Abuse Regulation provide further detail:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Anna Bielby | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Executive Officer (Director and PDMR) | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | Vp plc | ||||
| b) | LEI | 213800TBQKKQR7UXZP80 | ||||
| 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 | Options over ordinary shares of 5 pence each | ||||
| b) | Identification code | ISIN: GB0009286963 | ||||
| c) | Nature of the transaction | Grant of SAYE Options | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price | N/A - Single transaction | ||||
| f) | Date of the transaction | 26 July 2024 | ||||
| g) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Keith Winstanley | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Financial Officer (Director and PDMR) | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | Vp plc | ||||
| b) | LEI | 213800TBQKKQR7UXZP80 | ||||
| 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 | Options over ordinary shares of 5 pence each | ||||
| b) | Identification code | ISIN: GB0009286963 | ||||
| c) | Nature of the transaction | Grant of SAYE Options | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price | N/A - Single transaction | ||||
| f) | Date of the transaction | 26 July 2024 | ||||
| g) | Place of the transaction | Outside of a trading venue | ||||
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