JSE Sens
VIVO ENERGY PLC - Notification of Transactions by Directors
2021/04/08 08:00:00Download PDF Stock report
Notification of Transactions by Directors Vivo Energy plc (Incorporated in England and Wales) (Registration number: 11250655) (Share code: VVO) LEI: 213800TR7V9QN896AU56 ISIN: GB00BDGT2M75 8th April 2021 Vivo Energy plc (the 'Company') (LSE: VVO / JSE: VVO) Notification of Transactions by Directors On 7 April 2021, Vivo Energy plc granted to certain Directors nil-cost options (the Awards) over ordinary shares of the Company (the Shares). The Awards were granted under the 2018 Long Term Incentive Plan as set out below: Number of Name Position Shares Christian Chammas Chief Executive Officer 1,651,528 Doug Lafferty Chief Financial Officer 825,764 Consistent with practice in prior years, the Awards will be subject to the satisfaction of performance conditions relating to EPS, Return on Average Capital Employed and Relative TSR measured over three financial years between 1 January 2021 to 31 December 2023 and continued employment over the relevant period. Due to ongoing market uncertainty, the detailed targets for these awards are still in the process of being finalised. The Committee is mindful of current investor best practice guidance relating to target setting for 2021 long-term incentives awards, and intends to publish the targets for this award on the Company’s website once finalised. Following the assessment of performance conditions after the end of the performance period, Awards are subject to a holding period of 2 years, during which period the Awards may not normally be exercised. The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation and provides further details of the Award: 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Christian Chammas 2 Reason for the notification a) Position/status Director and PDMR b) Initial/Amendment notification Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Vivo Energy plc b) LEI 213800TR7V9QN896AU56 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 Nil-cost options over ordinary shares of Vivo Energy plc instrument, type of instrument Identification code ISIN: GB00BDGT2M75 b) Nature of the transaction Grant of nil-cost options under the 2018 Long Term Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) £Nil 1,651,528 shares d) Aggregated information Aggregated Volume Price - Aggregated volume 1,651,528 shares £Nil - Price e) Date of the transaction 7 April 2021 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Doug Lafferty 2 Reason for the notification a) Position/status Director and PDMR b) Initial/Amendment notification Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Vivo Energy plc b) LEI 213800TR7V9QN896AU56 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 Nil-cost options over ordinary shares of Vivo Energy plc instrument, type of instrument ISIN: GB00BDGT2M75 Identification code b) Nature of the transaction Grant of nil-cost options under the 2018 Long Term Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) £Nil 825,764 shares d) Aggregated information Aggregated Volume Price - Aggregated volume - Price 825,764 shares £Nil e) Date of the transaction 7 April 2021 f) Place of the transaction Outside a trading venue ENDS For further information, please contact: Minna Gonzalez-Gomez Group Company Secretary +44 2030 343 718 Minna.Gonzalez-Gomez@vivoenergy.com About Vivo Energy: Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants. Vivo Energy has its primary listing on the London Stock Exchange and secondary listing on the Johannesburg Stock Exchange. For more information about Vivo Energy please visit www.vivoenergy.com JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Date: 08-04-2021 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.