Victorian Plumbing Group PLC Director / PDMR LTIP Awards (5448Z)
12 Enero 2024 - 4:14AM
UK Regulatory
TIDMVIC
RNS Number : 5448Z
Victorian Plumbing Group PLC
12 January 2024
12 January 2024
Victorian Plumbing Group plc
("Victorian Plumbing")
Director / PDMR LTIP Awards
Victorian Plumbing (AIM: VIC), the UK's leading 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 ("Ordinary
Shares").
On 12 January 2024, awards over Ordinary Shares (the "FY24
Awards") were made under the Victorian Plumbing Group plc Long Term
Incentive Plan (the "LTIP"). Following the making of the FY24
Awards, the Ordinary Share interests of the under-noted Directors /
Persons Discharging Managerial Responsibility have changed.
The FY24 Awards under the LTIP, made for nil consideration,
were:
(a) for Mark Radcliffe, options granted with an exercise price
equivalent to the nominal value of an Ordinary Share; and
(b) for Daniel Barton, nil cost options.
Director/PDMR Role Number of Ordinary
Shares over which
Awards are made
Mark Radcliffe Chief Executive Officer 422,060
------------------------- -------------------
Daniel Barton Chief Financial Officer 405,177
------------------------- -------------------
Vesting of the FY24 Awards is subject to an adjusted diluted
earnings per share ("EPS") target measured over the three year
performance period ending 30 September 2026. A two year holding
period will apply following the vesting date.
There were 326,334,279 Ordinary Shares in issue at the time of
this notification (not including those Ordinary Shares which may be
issued in accordance with the FY24 Awards).
1. Details of PDMR
(a) Name MARK RADCLIFFE
DANIEL BARTON
----------------------------- ----------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/Status MARK RADCLIFFE - CHIEF EXECUTIVE
OFFICER
DANIEL BARTON - 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 ("Ordinary Shares")
----------------------------- ----------------------------------------
(b) Nature of the transaction Awards made pursuant to the Victorian
Plumbing Group plc Long Term Incentive
Plan
----------------------------- ----------------------------------------
(c) Price(s) and volume Price(s) Volume(s)
Nil MARK RADCLIFFE - Award
over 422,060 Ordinary
Shares
-----------------------
Nil DANIEL BARTON - Award
over 405,177 Ordinary
Shares
-----------------------
----------------------------- ----------------------------------------
(d) Aggregated information n/a
----------------------------- ----------------------------------------
(e) Date of the transaction 12 January 2024
----------------------------- ----------------------------------------
(f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------
-ENDS-
Enquiries:
Victorian Plumbing Group plc via FTI Consulting
Mark Radcliffe, Chief Executive Officer +44 20 3727 1000
Daniel Barton, Chief Financial Officer
FTI Consulting (Financial PR) +44 20 3727 1000
Alex Beagley VictorianPlumbing@fticonsulting.com
Eleanor Purdon
Harriet Jackson
Amy Goldup
Houlihan Lokey UK Ltd (Nominated Adviser)
Sam Fuller, Tim Richardson +44 20 7839 3355
Barclays Bank PLC (Joint Broker)
Nicola Tennent, Stuart Muress +44 20 7623 2323
Deutsche Numis (Joint Broker)
Luke Bordewich, Oliver Steele +44 20 7260 1000
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading bathroom retailer,
offering a wide range of over 34,000 products to B2C and trade
customers. Victorian Plumbing offers its customers a one-stop shop
solution for the entire bathroom with more than 130 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.
Headquartered in Skelmersdale, Lancashire, the Group employs
over 600 staff across ten locations in Lancashire, Manchester and
Birmingham.
For more information, please visit https://www.victorianplumbingplc.com/about-us/
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END
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