4 September 2024
Van Elle Holdings plc
('Van Elle', the 'Company' or the 'Group')
Director/PDMR LTIP Awards
Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor, announces that on 2 September 2024, awards were made over ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") under the Long Term Incentive Plan 2016 ("LTIP") (the "Awards").
The Awards have been granted in the form of an option to acquire Ordinary Shares at an exercise price of 2 pence each. The number of options which vest, conditional upon continued employment, are subject to the Group achieving certain performance criteria based on a combination of a Total Shareholder Return and Return on Capital Employed targets, aligned to the Group's medium-term financial objectives.
The Awards are governed by the rules of the LTIP, and subject thereto, vest on the third anniversary of the date of grant to the extent determined in accordance with the performance criteria.
The Awards were issued to certain directors and PDMRs of the Company, as set out below:
| Director/PDMR | Position | Number of ordinary shares over which Awards have been made |
| Mark Cutler | Chief Executive Officer | 759,804 |
| Graeme Campbell | Chief Financial Officer | 431,593 |
For further information, please contact:
| Van Elle Holdings plc Mark Cutler, Chief Executive Officer Graeme Campbell, Chief Financial Officer | Via Walbrook |
| | |
| Peel Hunt LLP (Nominated Adviser and corporate broker) Ed Allsopp Charlotte Sutcliffe Tom Graham | Tel: 020 7418 8900 |
| | |
| Walbrook PR Limited | Tel: 020 7933 8780 or vanelle@walbrookpr.com |
| Tom Cooper Nick Rome | 07971 221 972 or 07748 325 236 |
About Van Elle Holdings plc:
Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a wide range of ground engineering techniques and services including ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.
Van Elle operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services; and is focused on diverse end markets including residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 40 years. The Company acquired ScrewFast Foundations Limited in April 2021 and Rock & Alluvium Limited in November 2023.
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a. | Name | Mr Mark Cutler | |||
| 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 | Van Elle Holdings plc | |||
| b. | LEI | 213800LQC6YL8KJT1Y18 | |||
| 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
ISIN: GB00BYX4TP46 | |||
| b. | Nature of the transaction | Grant of share options | |||
| c. | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| Nil
| 759,804 | ||||
| | |||||
| d. | Aggregated information - Aggregated volume - Price
| N/A
| |||
| e. | Date of the transaction | 2 September 2024 | |||
| f. | Place of the transaction | Outside of a trading venue | |||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a. | Name | Mr Graeme Campbell | |||
| 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 | Van Elle Holdings plc | |||
| b. | LEI | 213800LQC6YL8KJT1Y18 | |||
| 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
ISIN: GB00BYX4TP46 | |||
| b. | Nature of the transaction | Grant of share options | |||
| c. | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| Nil
| 431,593
| ||||
| | |||||
| d. | Aggregated information - Aggregated volume - Price
| N/A
| |||
| e. | Date of the transaction | 2 September 2024 | |||
| f. | Place of the transaction | Outside of a trading venue | |||
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