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Meggitt PLC - Director/PDMR Shareholding

RNS Number : 4358J
Meggitt PLC
09 April 2020
 

Date: 9 April 2020

 

Meggitt PLC

(the "Company")

 

Director/PDMR Shareholdings

 

Awards granted on 7 April 2017 under the 2014 Long Term Incentive Plan ("LTIP") vested on 7 April 2020. Ms Thomas' award granted on 31 October 2017 under the Share Incentive and Retention Plan ("SIRP") also vested on 7 April 2020. In each case participants sold enough shares to cover tax and costs and retained the balance shares. All participants, except Mr Allen, retained the balance shares in their vested share account in the Meggitt Employees' Share Ownership Plan Trust. Mr Allen transferred the remainder to his brokerage account with Hargreaves Lansdown.

 

 

Director/PDMR

 

 

Shares under award

 

 

Shares sold to cover tax and costs at £2.6556

 

 

Shares retained

 

 

Total shareholding as a result of transaction

 

 

Total shareholding as a percentage of issued share capital

 

 

Chris Allen

 

68,595

32,305

36,290

 

314,685

 

0.0403

 

Paul Devaux

 

24,111

4,953

19,158

 

40,565

 

0.052

 

Marina Thomas (LTIP)

 

19,528

9,197

10,331

43,5651

0.00561

 

Marina Thomas (SIRP)

 

10,000

4,710

5,290

1These figures represent Ms Thomas' total shareholding, including the purchase noted below.

 

Ms Thomas also allowed her 2018 Sharesave Plan option over 1,921 shares with an option price of £3.7462 to lapse and purchased 7,103 shares at £2.8000 within an ISA held in her name.

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Chris Allen

2

 

Reason for the notification

a)

 

Position/status

 

President, Airframe Systems, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Exercise of nil cost option under the 2014

Long Term Incentive Plan

2.   Sale of shares resulting from exercise   to cover tax and costs

3.   Transfer of shares to brokerage

account with Hargreaves Lansdowne

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

68,595

2.   £2.6556

32,305

3.   £0.0000

36,290

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

n/a

e)

 

Date of the transaction  

1 and 2 took place on 7 April 2020 and 3

was instructed on 7 April 2020

f)

 

Place of the transaction

 

1.   Outside trading venue

2.   London Stock Exchange - XLON

3.   Outside trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Paul Devaux

2

 

Reason for the notification

a)

 

Position/status

 

President Energy & Equipment and Group

Operations Director, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Exercise of nil cost option under the 2014

Long Term Incentive Plan

2.   Sale of shares resulting from exercise   to cover tax and costs

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

24,111

2.   £2.6556

4,953

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

n/a

e)

 

Date of the transaction  

All transactions took place on 7 April 2020

f)

 

Place of the transaction

 

1.   Outside trading venue

2.   London Stock Exchange - XLON

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Marina Thomas

2

 

Reason for the notification

a)

 

Position/status

 

Group Company Secretary & EVP Ethics and Communications, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

 

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Exercise of nil cost option under the 2014

Long Term Incentive Plan

2.   Sale of shares resulting from exercise   to cover tax and costs

3.   Exercise of conditional share award

under the Share Incentive and Retention

Plan

4.   Sale of shares resulting from exercise   to cover tax and costs

5.   Cancellation of 2018 Sharesave Plan

option

6.   Purchase of shares within an ISA held

in the name of Marina Thomas

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

19,528

2.   £2.6556

9,197

3.   £0.0000

10,000

4.   £2.6556

4,710

5.   £3.7462

1,921

6.   2.8000

7,103

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

n/a

e)

 

Date of the transaction  

All transactions took place on 7 April 2020

f)

 

Place of the transaction

 

1.   Outside trading venue

2.   London Stock Exchange - XLON

3.   Outside trading venue

4.   London Stock Exchange - XLON

5.   Outside trading venue

6.   London Stock Exchange - XLON

 

Enquiries:

Meggitt PLC

Marina Thomas, Group Company Secretary ([email protected])

Katie Lewis, Senior Assistant Company Secretary ([email protected])

Simon Grant, Assistant Company Secretary ([email protected])


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Market Cap: £2.16 billion
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