Victorian Plumbing Group plc PDMR LTIP AWARDS (8402G)
31 Marzo 2022 - 09:57AM
UK Regulatory
TIDMVIC
RNS Number : 8402G
Victorian Plumbing Group plc
31 March 2022
31 March 2022
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Company")
PDMR LTIP AWARDS
Victorian Plumbing Group plc (AIM: VIC), the UK's leading online
retailer of bathroom products and accessories, 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 29 March 2022, awards over shares (the "Awards") were made
under the Victorian Plumbing Group plc Long Term Incentive Plan
(the "Plan"), consequently, the share interests of the under-noted
directors and persons discharging managerial responsibility have
changed following the making of the Awards.
The Awards, made for nil consideration, are nil-cost options
established in accordance with the rules of the Plan and vesting is
subject to adjusted earnings per share ("EPS") (75% of each Award)
and total shareholder return ("TSR") targets (25% of each Award),
measured over the three year performance period ending 30 September
2024. A further two year holding period will apply following the
vesting date.
Director/PDMR Role Number of shares over which Awards made
Mark Radcliffe Chief Executive Officer 143,129*
------------------------- ----------------------------------------
Paul Meehan Chief Financial Officer 180,343*
------------------------- ----------------------------------------
* As stated in the Admission Document at the time of IPO, the
first set of awards under the Plan will be based on the Placing
Price of 262p.
There were 325,062,985 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 - 143,129
-------------------------
Nil PAUL MEEHAN - 180,343
-------------------------
----------------------------- ----------------------------------------
(d) Aggregated information n/a
----------------------------- ----------------------------------------
(e) Date of the transaction 29 MARCH 2022
----------------------------- ----------------------------------------
(f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------
For further information, please contact:
Victorian Plumbing Group plc via FTI Consulting
Mark Radcliffe, Chief Executive Officer +44 20 3727
Paul Meehan, Chief Financial Officer 1000
FTI Consulting (Financial PR) +44 20 3727
Alex Beagley 1000
Eleanor Purdon VictorianPlumbing@fticonsulting.com
Sam Macpherson
Houlihan Lokey UK Ltd (Nominated Adviser) +44 20 7484
Sam Fuller, Tim Richardson, Paul Lines 4040
Barclays Bank PLC (Joint Broker) +44 20 7623
Nicola Tennent, Stuart Muress 2323
Numis Securities Limited (Joint Broker) +44 20 7260
Luke Bordewich, Tom Jacob, Oliver Steele 1000
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading online retailer of
bathroom products and accessories, offering a wide range of over
24,000 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 focus on online channels to drive significant
and growing traffic to its website.
Headquartered in Skelmersdale, Lancashire, the Group employs
over 500 staff across seven locations in Skelmersdale, Manchester
and Birmingham.
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END
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