REG - Victorian Plumbing - Director / PDMR LTIP Awards

Victorian PlumbingAnnouncement

12/01/2024 10:15

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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 £0.001 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 / amendment         Initial Notification

 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 instrument  Ordinary shares of £0.001 each ("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

 

 

(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

                                          (mailto:VictorianPlumbing@fticonsulting.com)
 Eleanor Purdon

 Harriet Jackson

 Amy Goldup

 Houlihan Lokey UK Ltd (Nominated Adviser)  +44 20 7839 3355

 Sam Fuller, Tim Richardson

 Barclays Bank PLC (Joint Broker)           +44 20 7623 2323

 Nicola Tennent, Stuart Muress

 Deutsche Numis (Joint Broker)              +44 20 7260 1000

 Luke Bordewich, Oliver Steele

 

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/
(https://www.victorianplumbingplc.com/about-us/)

 

 

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