Gooch & Housego PLC Grant of LTIP Awards (7410Z)
January 14 2020 - 5:21AM
UK Regulatory
TIDMGHH
RNS Number : 7410Z
Gooch & Housego PLC
14 January 2020
For immediate release 14 January 2020
Gooch & Housego PLC
("G&H" or the "Company")
Grant of LTIP Awards
Gooch & Housego PLC (AIM: GHH), the specialist manufacturer
of optical components & systems, announces that awards were
made on 13 January 2020 in accordance with the rules of the Gooch
& Housego PLC Long Term Incentive Plan 2013 to the following
officers of the Company:
Name Number of Awards Total Number
Granted in January of Unvested Awards
2020
Mark Webster 29,942 115,369
-------------------- --------------------
Chris Jewell 37,867 37,867
-------------------- --------------------
Gareth Crowe 2,957 15,121
-------------------- --------------------
Subject to satisfying the required TSR and EPS performance
criteria, these grants will vest on 13 January 2023. One third of
Chris Jewell's grant will vest on 13 January 2022 subject to
satisfying the required TSR and EPS performance criteria.
For further information
contact: -
Mark Webster / Andrew Boteler Gooch & Housego PLC 01460 256440
Mark Court / Charlotte
Slater Buchanan 020 7466 5000
Chris Baird / Patrick Robb
/ David Anderson Investec Bank plc 020 7597 5970
Notes to editors
1. Gooch & Housego is a photonics technology business
headquartered in Ilminster, Somerset, UK with operations in the USA
and Europe. A world leader in its field, the company researches,
designs, engineers and manufactures advanced photonic systems,
components and instrumentation for applications in the Aerospace
& Defence, Industrial, Life Sciences and Scientific Research
sectors. World leading design, development and manufacturing
expertise is offered across a broad range of complementary
technologies.
2. All financial information included in this announcement is
sourced from unaudited management accounts and excludes any
specific items. This announcement contains certain forward-looking
statements that are based on management's current expectations or
beliefs as well as assumptions about future events. These are
subject to risk factors associated with, amongst other things, the
economic and business circumstances occurring from time to time in
the countries and sectors in which G&H operates. It is believed
that the expectations reflected in these statements are reasonable
but they may be affected by a wide range of variables which could
cause actual results, and G&H's plans and objectives, to differ
materially from those currently anticipated or implied in the
forward-looking statements. Investors should not place undue
reliance on any such statements. Nothing in this announcement
should be construed as a profit forecast.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Mark Webster
2. Chris Jewell
3. Gareth Crowe
----------------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Company Secretary
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Gooch & Housego Plc
----------------------------------- ---------------------------------------
b) LEI 213800DO3D00KYOPA952
----------------------------------- ---------------------------------------
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 Ordinary shares of 20 pence each
instrument, type of instrument.
Identification code GB0002259116
----------------------------------- ---------------------------------------
b) Nature of transaction Awards made pursuant to the rules
of the Gooch & Housego PLC Long
Term Incentive Plan 2013
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- --------------- ----------------------
n/a 1. 29,942
2. 37,867
3. 2,957
----------------------------------- --------------- ----------------------
Aggregated information
1. 29,942
- Aggregated volume 2. 37,867
3. 2,957
n/a
- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 13 January 2020
----------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------- ---------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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