Essentra PLC has disclosed the vesting of awards under the Long-Term Incentive Plan to its Directors and Persons Discharging Managerial Responsibility (PDMRs). The awards, granted on 31 March 2021, vested at 63.5% of the maximum following a performance assessment at the end of the three-year performance period. The shares vesting to Scott Fawcett, the Chief Executive, are subject to a two-year holding period. The number of shares vesting for each PDMR has been detailed, with Scott Fawcett leading with 115,122 shares.
The other PDMRs and the number of shares vesting are as follows: Hugues Delcourt, Managing Director, EMEA - 26,236 shares; Sam Edwards, Chief Digital Information Officer - 19,243 shares; Gabriele Hannen, Chief Strategy Officer - 33,232 shares; Richard Sederman, Managing Director, APAC - 18,731 shares; and Emma Reid, Company Secretary - 18,990 shares.
The nature of the transaction is the vesting of awards under the Essentra plc Long-Term Incentive Plan, with the date of the transaction being 2 April 2024 and the place of the transaction being the London Stock Exchange (XLON). Emma Reid, the Company Secretary, is the contact for any enquiries regarding this transaction.
This notification is made in accordance with Article 19.1 of the Market Abuse Regulation and provides a transparent disclosure of the transactions by PDMRs. The details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor have been provided, along with the aggregated information and the identification code for the ordinary 25p shares.