18 March 2024
Stelrad Group PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Stelrad Group PLC (the "Company") announces that, on 18 March 2024, awards in the form of conditional rights to acquire ordinary shares in the Company ("Shares") were granted under the Company's Long Term Incentive Plan to the Executive Directors of the Company, as detailed below.
| Name | Role | Number of Shares Awarded |
| Trevor Harvey | Chief Executive Officer | 230,663 |
| Annette Borén | Chief Financial Officer | 111,972 |
The vesting of awards is subject to the achievement of EPS and TSR performance targets assessed over a three-year period ending 31 December 2026, full details of which can be found in the Company's 2023 Annual Report and Accounts. The number of shares in respect of which the 2024 Awards shall vest, 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)
230,663
|
| d) | Aggregated information - Aggregated volume - Price
|
N/A single transactions
| |
| e) | Date of the transaction
| 18 March 2024 | |
| 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
| Annette Borén | |
| 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)
111,972
|
| d) | Aggregated information - Aggregated volume - Price
|
N/A single transactions
| |
| e) | Date of the transaction
| 18 March 2024 | |
| 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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