REG - Croda International - Director/PDMR Shareholding
04/04/2025 16:00
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RNS Number : 7783D Croda International PLC 04 April 2025
CRODA INTERNATIONAL PLC
(https://www.londonstockexchange.com/stock/CRDA/croda-international-plc)
("Company"): Director/PDMR Shareholding
Croda International Plc
3 April 2025
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Award of conditional awards under the Croda International Plc Buy-Out Share
Plan 2025 ("Buy Out Plan")
On 2 April 2025 the Company granted awards to acquire ordinary shares in the
Company to Stephen Oxley and Thomas Riermeier. These awards reflect the
awards that Stephen Oxley and Thomas Riermeier forfeited at their previous
employers and were agreed as part of their recruitment packages. The awards
and their vesting dates are set out below.
Stephen Oxley
Award Name Number of shares Vesting Date and Holding Period
Buy-out Award 1 - 2022-25 PSP 20,728 1 August 2025 (Holding Period to 1 August 2027)
Buy-out Award 2 -2023-26 PSP 25,224 1 August 2026 (Holding Period to 1 August 2028)
Buy-out Award 3 - 2024-27 PSP potential 23,790 1 August 2027 (Holding Period to 1 August 2029)
The Vesting of the performance-based element of these awards is subject to the
achievement of certain performance conditions.
*The Company will pay as compensation for the loss of 12 months of Mr Oxley's
Johnson Matthey (JM) 2024/25 annual bonus a payment of up to GBP £930,000
(less any required deductions). 50% will be paid in cash and 50% will be
deferred into shares for three years. Buy-out Award 4 relates to this latter
element. The number of shares subject to Buy-out Award 4 will be determined
by reference to the extent to which the JM performance conditions applicable
to the 2024/25 bonus for executive directors are satisfied. Once the
performance outturn is decided, the number of Shares subject to Buy-out Award
4 will be determined by taking 50% of the relevant amount and dividing that
value by the six-month average Company share price.
Award Name Value of Shares Vesting Date
Buy-out Award 5 - KPMG Special Capital £55,000 30 September 2025
Buy-out Award 6 - KPMG Special Capital £55,000 30 September 2026
Buy-out Award 7 - KPMG Special Capital £55,000 30 September 2027
The number of shares subject to each award in the above table will be
calculated using the average of the Company's share price over the three
dealing days immediately preceding the vesting date.
As noted in the Company's Annual Report & Accounts 2024, the full terms of
Mr Oxley's remuneration package will be included in the Company's Directors'
Remuneration Report for the year ending 31 December 2025.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stephen Richard Oxley
2 Reason for the notification
a) Position/status Chief Financial Officer (PDMR)
b) Initial/Amendment notification Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Croda International Plc
b) LEI 2138004WCNBFJEEOXV26
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 transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10.609756p each
Identification code ISIN: GB00BJFFLV09
b) Nature of the transaction i. Grant of Buy-Out Award 1
ii. Grant of Buy-Out Award 2
iii. Grant of Buy-Out Award 3
iv. Grant of Buy-Out Award 4
v. Grant of Buy-Out Award 5
vi. Grant of Buy-Out Award 6
vii. Grant of Buy-Out Award 7
c) Price(s) and volume(s)
Price(s) Volume(s)
i. Nil 20,728
ii. Nil 25,224
iii. Nil 23,790
iv. Nil As above*
v. Nil Shares with a value of £55,000 at 2025-09-30
vi. Nil Shares with a value of £55,000 at 2026-09-30
vii. Nil Shares with a value of £55,000 at 2027-09-30
d) Aggregated information
Aggregated volume Aggregated price
i., ii. and iii. 69,742 Nil
iv. As above* Nil
- Aggregated volume v., vi. and vii. As above** Nil
- Price
e) Date of the transaction 2025-04-02
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
i., ii. and iii. 69,742 Nil
iv. As above* Nil
v., vi. and vii. As above** Nil
e)
Date of the transaction
2025-04-02
f)
Place of the transaction
Outside a trading venue
Thomas Riermeier
Award Name Number of shares Vesting Date and Holding Period
Buy-out Award 8 - 2021 LTIP 2,852 1 June 2025 (Holding Period to 1 June 2027)
Buy-out Award 9 - 2022 LTIP 2,852 1 June 2026 (Holding Period to 1 June 2028)
Buy-out Award 10 - 2023 LTIP 2,852 1 June 2027 (Holding Period to 1 June 2029)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Thomas Herman Riermeier
2 Reason for the notification
a) Position/status Member of Executive Committee (PDMR)
b) Initial/Amendment notification Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Croda International Plc
b) LEI 2138004WCNBFJEEOXV26
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 transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10.609756p each
Identification code ISIN: GB00BJFFLV09
b) Nature of the transaction i. Grant of Buy-Out Award 8
ii. Grant of Buy-Out Award 9
iii. Grant of Buy-Out Award 10
c) Price(s) and volume(s)
Price(s) Volume(s)
i. Nil 2,852
ii. Nil 2,852
iii. Nil 2,852
d) Aggregated information
Aggregated volume Aggregated price
- Aggregated volume i. ii. and iii. 8,556 Nil
- Price
e) Date of the transaction 2025-04-02
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
i. ii. and iii. 8,556 Nil
e)
Date of the transaction
2025-04-02
f)
Place of the transaction
Outside a trading venue
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