Victorian Plumbing Group plc PDMR LTIP Awards (9013Q)
24 Fevereiro 2023 - 4:00AM
UK Regulatory
TIDMVIC
RNS Number : 9013Q
Victorian Plumbing Group plc
24 February 2023
24 February 2023
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Group")
PDMR LTIP Awards
Victorian Plumbing Group plc (AIM: VIC), the UK's leading online
specialist bathroom retailer, 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 GBP0.001 each in the capital of Victorian Plumbing Group
plc.
On 22 February 2023, awards over shares (the "Awards") were made
under the Victorian Plumbing Group plc Long Term Incentive Plan
(the "LTIP"), consequently, the share interests of the under-noted
directors and persons discharging managerial responsibility have
changed following the making of the Awards.
The Awards for the LTIP, made for nil consideration, are
nil-cost options established in accordance with the rules of the
shareholder approved plan and vesting is subject to an adjusted
earnings per share ("EPS") target, measured over the three year
performance period ending 30 September 2025. A two year holding
period will apply following the vesting date.
D irector/PDMR Role Number of shares over
which Awards are made
Mark Radcliffe Chief Executive Officer 661,725
------------------------- -----------------------
Paul Meehan Chief Financial Officer 208,443
------------------------- -----------------------
There were 325,227,984 shares in issue at the time of this
notification (not including those shares which may be issued in
accordance with these awards).
1. Details of PDMR
(a) Name MARK RADCLIFFE
PAUL MEEHAN
----------------------------- ----------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/Status MARK RADCLIFFE - CHIEF EXECUTIVE
OFFICER
PAUL MEEHAN - CHIEF FINANCIAL
OFFICER
----------------------------- ----------------------------------------
(b) Initial notification / Initial Notification
amendment
----------------------------- ----------------------------------------
3. Details of the Issuer
-----------------------------------------------------------------------
(a) Name VICTORIAN PLUMBING GROUP PLC
----------------------------- ----------------------------------------
(b) LEI 894500R59II0S4WXGZ04
----------------------------- ----------------------------------------
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 transaction(s)
have been conducted
-----------------------------------------------------------------------
(a) Description of the financial Ordinary shares of GBP0.001 each
instrument
----------------------------- ----------------------------------------
(b) Nature of the transaction Awards made pursuant to the Victorian
Plumbing Group plc Long Term Incentive
Plan ("LTIP")
----------------------------- ----------------------------------------
(c) Price(s) and volume Price(s) Volume(s)
Nil MARK RADCLIFFE - 661,725
-------------------------
Nil PAUL MEEHAN - 208,443
-------------------------
----------------------------- ----------------------------------------
(d) Aggregated information n/a
----------------------------- ----------------------------------------
(e) Date of the transaction 22 FEBRUARY 2023
----------------------------- ----------------------------------------
(f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------
-ENDS-
For further information, please contact:
Victorian Plumbing Group plc via FTI Consulting
Mark Radcliffe, Chief Executive Officer +44 20 3727 1000
Paul Meehan, Chief Financial Officer
Daniel Barton, Director of Finance
and Company Secretary
FTI Consulting (Financial PR) +44 20 3727 1000
Alex Beagley, Eleanor Purdon, Harriet VictorianPlumbing@fticonsulting.com
Jackson, Amy Goldup
Houlihan Lokey UK Ltd (Nominated Adviser)
Sam Fuller, Tim Richardson +44 20 7484 4040
Barclays Bank PLC (Joint Broker)
Nicola Tennent, Stuart Muress +44 20 7623 2323
Numis Securities Limited (Joint Broker)
Luke Bordewich, Oliver Steele +44 20 7260 1000
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading online specialist
bathroom retailer, offering a wide range of over 32,000 products to
B2C and trade customers. Victorian Plumbing offers its customers a
one-stop shop solution for the entire bathroom with more than 125
own and third-party brands across a wide spectrum of price
points.
The Group's product design and supply chain strengths are
complemented by its creative and brand-focused marketing strategy,
which predominantly focuses on online channels to drive significant
and growing traffic to its website.
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END
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