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On 20 December 2023, Daniel Barton, CFO of Victorian Plumbing Group plc, exercised options over 220,869 ordinary shares, which were satisfied using shares from the Victorian Plumbing Group Employee Benefit Trust. Barton subsequently sold 104,102 of these shares at £0.975655 per share. Following these transactions, Daniel Barton holds 159,592 Ordinary Shares, representing 0.049% of the Ordinary Shares in issue.
| Date | 22 Dec 2023 |
| Time | 10:01:59 |
| Category | Director/PDMR dealings |
| ID | 7833X |
22 December 2023
Victorian Plumbing Group plc
(the "Company")
Director / PDMR Dealing Notification
On 20 December 2023, the Company was notified that Daniel Barton, CFO of the Company, had exercised, in aggregate, options over 220,869 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") granted and vested pursuant to the Company's Long Term Incentive Plan and Deferred Bonus Plan (the "Exercise"). 220,869 Ordinary Shares held in the Victorian Plumbing Group Employee Benefit Trust have been utilised to satisfy the Exercise (the "Option Shares").
In addition, the Company has been notified that Daniel Barton subsequently sold 104,102 Option Shares at a price of £0.975655 per Option Share to cover the tax liabilities and dealing costs resulting from the Exercise.
Following these transactions, Daniel Barton holds 159,592 Ordinary Shares, representing approximately 0.049 per cent of the Ordinary Shares in issue.
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1. Details of the person discharging managerial responsibilities/person closely associated |
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a) Name |
Daniel Barton |
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2. Reason for the notification |
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a) Position/status |
PDMR - Chief Financial Officer |
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b) Initial notification / Amendment |
Initial notification |
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3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) Name |
Victorian Plumbing Group plc |
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b) LEI |
894500R59II0S4WXGZ04 |
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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 |
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a) Description of the financial instrument, type of instrument |
Ordinary Shares of £0.001 each |
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b) Identification code |
ISIN: GB00BNVVHD43 |
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c) Nature of the transaction |
Exercise of share options granted pursuant to the Victorian Plumbing Group plc Long Term Incentive Plan and Deferred Bonus Plan |
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d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price |
N/A - single transaction |
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f) Date of the transaction |
20 December 2023 |
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g) Place of the transaction |
Outside a trading venue |
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1. Details of the person discharging managerial responsibilities/person closely associated |
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a) Name |
Daniel Barton |
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2. Reason for the notification |
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a) Position/status |
PDMR - Chief Financial Officer |
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b) Initial notification / Amendment |
Initial notification |
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3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) Name |
Victorian Plumbing Group plc |
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b) LEI |
894500R59II0S4WXGZ04 |
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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 |
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a) Description of the financial instrument, type of instrument |
Ordinary Shares of £0.001 each |
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b) Identification code |
ISIN: GB00BNVVHD43 |
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c) Nature of the transaction |
Sale of 104,102 ordinary shares of £0.001 each |
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d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price |
N/A - single transaction |
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f) Date of the transaction |
20 December 2023 |
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g) Place of the transaction |
London Stock Exchange, AIM |
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For further information, please contact:
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Victorian Plumbing Group plc Mark Radcliffe, Chief Executive Officer Daniel Barton, Chief Financial Officer |
via FTI Consulting +44 20 3727 1000 |
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FTI Consulting (Financial PR) Alex Beagley Eleanor Purdon Harriet Jackson Amy Goldup |
+44 20 3727 1000 |
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Houlihan Lokey UK Limited (Nominated Adviser and Financial Adviser) Sam Fuller, Tim Richardson |
+44 20 7839 3355 |
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Barclays Bank PLC (Joint Broker) Nicola Tennent, Stuart Muress |
+44 20 7623 2323 |
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Deutsche Numis (Joint Broker) Luke Bordewich, Oliver Steele |
+44 20 7260 1000 |