Business
PDMR LTIP AWARDS
PDMR LTIP AWARDS.
About this update from Victorian Plumbing Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8402G\n Victorian Plumbing Group plc\n 31 March 2022\n \n \n \n \n 31 March 2022\n \n \n \n \n \n Victorian Plumbing Group plc\n \n \n (\"Victorian Plumbing\" or the \"Company\")\n \n \n \n \n \n PDMR LTIP AWARDS\n \n \n \n \n \n Victorian Plumbing Group plc (AIM: VIC), the UK's leading online retailer of bathroom products and accessories, \n makes the following announcement in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (596/2014EU), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, in respect of ordinary shares of £0.001 each in the capital of Victorian Plumbing Group plc. \n \n \n \n \n \n On 29 March 2022, awards over shares (the \"Awards\") were made under the Victorian Plumbing Group plc Long Term Incentive Plan (the \"Plan\"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.\n \n \n \n \n \n The Awards, made for nil consideration, are nil-cost options established in accordance with the rules of the Plan and vesting is subject to adjusted earnings per share (\"EPS\") (75% of each Award) and total shareholder return (\"TSR\") targets (25% of each Award), measured over the three year performance period ending 30 September 2024. A further two year holding period will apply following the vesting date. \n \n \n \n \n \n \n \n \n \n \n \n Director/PDMR\n \n \n \n \n Role\n \n \n \n \n Number of shares over which Awards made\n \n \n \n \n \n \n Mark Radcliffe \n \n \n \n \n Chief Executive Officer\n \n \n \n \n 143,129*\n \n \n \n \n \n \n Paul Meehan\n \n \n \n \n Chief Financial Officer\n \n \n \n \n 180,343*\n \n \n \n \n \n \n *\n \n \n As stated in the Admission Document at the time of IPO, the first set of awards under the Plan will be based on the Placing Price of 262p.\n \n \n \n \n \n \n There were 325,062,985 shares in issue at the time of this notification (not including those shares which may be issued in accordance with these awards).\n \n \n \n \n \n \n \n \n 1.\n \n \n \n \n Details of PDMR\n \n \n \n \n \n \n (a)\n \n \n \n \n Name\n \n \n \n \n MARK RADCLIFFE\n \n \n PAUL MEEHAN\n \n \n \n \n \n \n \n \n \n 2.\n \n \n \n \n Reason for notific...