Spectris plc: Director/PDMR Shareholding
This notification made under Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").
On 4 April 2024, Spectris plc (the "Company") was notified that on the same day,
Andrew Heath, Chief Executive, acquired 6,224 ordinary shares of 5p each ("Ordinary Shares") in the Company respectively following the exercise of options granted under the terms of the Spectris Deferred Bonus Plan ("DBP") on 17 March 2021.
Of the 6,224 Ordinary Shares acquired by Mr Heath, 2,941 were sold to fund the option cost and the income tax / national insurance liability at a sale price of £32.42 and the remaining 3,283 Ordinary Shares were retained and immediately transferred into a nominee account on his behalf.
On 5 April 2024, Spectris plc (the "Company") was notified that on the same day, Derek Harding, Chief Financial Officer acquired 4,039 ordinary shares of 5p each ("Ordinary Shares") in the Company respectively following the exercise of options granted under the terms of the DBP on 17 March 2021.
Of the 4,039 Ordinary Shares acquired by Mr Harding, 1,909 were sold to fund the option cost and the income tax / national insurance liability at a sale price of £32.0054 and the remaining 2,130 Ordinary Shares were retained and immediately transferred into a nominee account on his behalf.
The forms for this transaction, as required under MAR, follows:
| 1 | Details of the persons discharging managerial responsibilities | |
| a) | Name(s) | Andrew Heath, Chief Executive |
| 2 | Reason for the notification | |
| a) | Position/status | Director/PDMR |
| b) | Initial notification/Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Spectris plc |
| b) | LEI | 213800Z4CO2CZO3M3T10 |
| 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 5p each
|
| b) | Nature of the transaction | (i) Exercise of options over 6,224 Ordinary Shares under the terms of the DBP. (ii) Subsequent sale of 2,941 Ordinary Shares to cover option cost and income tax / national Insurance liabilities arising on exercise. (iii) Transfer of remining 3,283 Ordinary Shares into a nominee account on Mr Heath's behalf.
| ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| (i) Acquisition
£0.05
£0.00
|
5,819 (Share Award granted as a nominal cost option under the terms of the DBP) 405 (Dividend equivalent shares awarded in lieu of dividend accrual on nominal cost option)
| |||
| | | (ii) Sale
£32.42 |
2,941 | |
| | | (iii) Transfer
£nil |
3,283 | |
| d) | Aggregated information | (i) Acquisition
| ||
| Price per share | £0.0467 | |||
| Volume | 6,224 | |||
| | | Price | £290.95 | |
| | | (ii) Sale | ||
| | | Price per share | £32.42 | |
| | | Volume | 2,941 | |
| | | Price | £95,347.22 | |
| | | (iii) Transfer
| ||
| | | Price per share | £0.00 | |
| | | Volume | 3,283 | |
| | | Price | £0.00 | |
| e) | Date of the transaction | 4 April 2024
| ||
| f) | Place of the transaction | Outside of a trading venue
| ||
| 1 | Details of the persons discharging managerial responsibilities | |
| a) | Name(s) | Derek Harding, Chief Financial Officer |
| 2 | Reason for the notification | |
| a) | Position/status | Director/PDMR |
| b) | Initial notification/Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Spectris plc |
| b) | LEI | 213800Z4CO2CZO3M3T10 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5p each
|
| b) | Nature of the transaction | (iv) Exercise of options over 4,039 Ordinary Shares under the terms of the DBP granted on 17 March 2021. (v) Subsequent sale of 1,909 Ordinary Shares to cover option cost and income tax / national Insurance liabilities arising on exercise. (vi) Transfer of remaining 2,130 Ordinary Shares into a nominee account on Mr Harding's behalf.
| ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| (iv) Acquisition
£0.05
£0.00
|
3,776 (Share Award granted as a nominal cost option under the terms of the DBP) 263 (Dividend equivalent shares awarded in lieu of dividend accrual on nominal cost option)
| |||
| | | (v) Sale
£32.0054 |
1,909 | |
| | | (vi) Transfer
£nil |
2,130 | |
| d) | Aggregated information | (iv) Acquisition
| ||
| Price per share | £0.0467 | |||
| Volume | 4,039 | |||
| | | Price | £188.80 | |
| | | (v) Sale | ||
| | | Price per share | £32.0054 | |
| | | Volume | 1,909 | |
| | | Price | £61,098.31 | |
| | | (vi) Transfer
| ||
| | | Price per share | £0.00 | |
| | | Volume | 2,130 | |
| | | Price | £0.00 | |
| e) | Date of the transaction | 5 April 2024
| ||
| f) | Place of the transaction | Outside of a trading venue
| ||
Name of contact and telephone number for queries:
Guy Holden
Group Reward and Share Plan Manager
07585 403 180
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Date: 5 April 2024
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