DEVRO plc ("Devro" or "the Company")
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibility or Connected Persons
The Company announces that an award over 27,507 ordinary Devro 10p shares was made yesterday, 11 June 2020, under the Devro plc Performance Share Plan to the Company's recently appointed Group Human Resources Director, Anton Zawada (the "Award"). The Award replaces a portion of the awards Mr Zawada forfeited at his previous employer, in order to take up his new position at the Company.
The award was made at nil cost, is due to vest on the following dates over the number of shares specified, subject to performance conditions:-
· 12,562 shares vest on 1 August 2020;
· 10,338 shares vest on 1 August 2021; and
· 4,607 shares vest on 1 August 2022.
The notification at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail of the award granted.
Enquiries:
Andrew Money
Company Secretary
Tel: 01236 872261
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Anton Zawada |
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2
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Reason for the notification
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a)
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Position/status
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PDMR (Group Human Resources Director) |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Devro plc |
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b)
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LEI
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549300Z9YLY7LEMLJ904 |
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4
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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)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary 10p shares
GB0002670437 |
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b)
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Nature of the transaction
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Grant of award |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price
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27,507
Nil cost
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e)
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Date of the transaction
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2020-06-11 |
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f)
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Place of the transaction
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Outside a trading venue |
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