27 August 2019
Van Elle Holdings
("Van Elle" or "the Group" or "the Company")
Director/PDMR LTIP Awards
The Company announces that on 16 August 2019 awards were made over ordinary shares of 2 pence each in the capital of the Company ("Shares") under the Van Elle Holdings plc Long Term Incentive Plan 2016 ("LTIP") (the "Awards"). The Awards have been granted in the form of an option to acquire Shares at an exercise price of 2 pence each. The Awards are governed by the rules of the LTIP and, subject thereto, will vest on the third anniversary of the date of grant to the extent determined in accordance with certain performance criteria. Further information on the LTIP can be found in the Company's annual report and accounts.
The Awards were issued to certain directors and PDMRs of the Company, as set out below:
Director/PDMR |
Number of Shares over which Awards have been made |
Mark Cutler (CEO) |
703,703 |
Dave Warner |
216,049 |
Malcolm O'Sullivan |
216,049 |
Peter Handley |
185,802 |
Tony Pontiero |
178,024 |
Matt Love |
181,481 |
Ian Jones |
129,629 |
Mick Mason |
129,629 |
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Enquiries:
Instinctif Partners (Financial Public Relations) |
Tel: 020 7457 2020 |
Mark Garraway James Gray Rosie Driscoll |
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Peel Hunt LLP (Nominated Adviser and corporate broker) |
Tel: 020 7418 8900 |
Mike Bell Edward Allsopp |
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The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Mark Cutler |
2. |
Reason for the notification |
a. |
Position/status |
CEO |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
703,703 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Dave Warner |
2. |
Reason for the notification |
a. |
Position/status |
Specialist Piling Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
216,049 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Malcolm O'Sullivan |
2. |
Reason for the notification |
a. |
Position/status |
Piling Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
216,049 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Peter Handley |
2. |
Reason for the notification |
a. |
Position/status |
Business Improvement Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
185,802 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Tony Pontiero |
2. |
Reason for the notification |
a. |
Position/status |
Housing Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
178,024 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Matt Love |
2. |
Reason for the notification |
a. |
Position/status |
Pre-construction Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
181,481 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Ian Jones |
2. |
Reason for the notification |
a. |
Position/status |
Operations Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
129,629 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
a. |
Name |
Mick Mason |
2. |
Reason for the notification |
a. |
Position/status |
Group Services Director |
b. |
Initial notification /Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a. |
Name |
Van Elle Holdings plc |
b. |
LEI |
213800LQC6YL8KJT1Y18 |
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 2p ISIN: GB00BYX4TP46 |
b. |
Nature of the transaction |
Awards issued under the Van Elle Holdings plc Long Term Incentive Plan 2016 |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
2 pence per share (exercise price) |
129,629 |
|
|
|
|
|
d. |
Aggregated information · Aggregated volume · Price |
As above |
e. |
Date of the transaction |
16 August 2019 |
f. |
Place of the transaction |
Outside a trading venue |
