4 September 2024
Van Elle Holdings
plc
('Van
Elle', the 'Company' or the 'Group')
Director/PDMR LTIP
Awards
Van Elle Holdings plc (AIM: VANL),
the UK's largest ground engineering contractor, announces that on 2
September 2024, awards were made over ordinary shares of 2 pence
each in the capital of the Company ("Ordinary Shares") under the
Long Term Incentive Plan 2016 ("LTIP") (the
"Awards").
The Awards have been granted in the
form of an option to acquire Ordinary Shares at an exercise price
of 2 pence each. The number of options which vest, conditional upon
continued employment, are subject to the Group achieving certain
performance criteria based on a combination of a Total Shareholder
Return and Return on Capital Employed targets, aligned to the
Group's medium-term financial objectives.
The Awards are governed by the rules
of the LTIP, and subject thereto, vest on the third anniversary of
the date of grant to the extent determined in accordance with the
performance criteria.
The Awards were issued to certain
directors and PDMRs of the Company, as set out below:
|
Director/PDMR
|
Position
|
Number of ordinary shares
over which Awards have been made
|
|
Mark Cutler
|
Chief Executive Officer
|
759,804
|
|
Graeme Campbell
|
Chief Financial Officer
|
431,593
|
For
further information, please contact:
|
Van
Elle Holdings plc
Mark Cutler, Chief Executive
Officer
Graeme Campbell, Chief Financial
Officer
|
Via
Walbrook
|
|
|
|
|
Peel Hunt LLP (Nominated Adviser and corporate
broker)
Ed Allsopp
Charlotte Sutcliffe
Tom Graham
|
Tel: 020 7418 8900
|
|
|
|
|
Walbrook PR Limited
|
Tel: 020 7933 8780
or
vanelle@walbrookpr.com
|
|
Tom Cooper
Nick Rome
|
07971 221 972 or
07748 325 236
|
About Van Elle Holdings plc:
Van Elle Holdings is the UK's
largest specialist geotechnical engineering contractor. Formed in
1984 and listed on AIM in 2016, the Company provides a wide range
of ground engineering techniques and services including ground
investigation, general and specialist piling, rail geotechnical
engineering, modular foundations, and ground improvement and
stabilisation services.
Van Elle
operates through three divisions: General Piling, Specialist Piling
and Rail, and Ground Engineering Services; and is focused on
diverse end markets including residential and housing,
infrastructure and regional construction - across which the Group
has completed more than 20,000 projects over the last 40 years. The
Company acquired ScrewFast Foundations Limited in April 2021 and
Rock & Alluvium Limited in November 2023.
The information below (set out in
accordance with the requirements of EU Market Abuse Regulation)
provides further detail:
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Mr
Mark Cutler
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Executive Officer
|
|
b.
|
Initial notification
/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Van Elle Holdings plc
|
|
b.
|
LEI
|
213800LQC6YL8KJT1Y18
|
|
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
Identification code
|
Ordinary Shares
ISIN: GB00BYX4TP46
|
|
b.
|
Nature of the transaction
|
Grant of share options
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
Nil
|
759,804
|
|
|
|
d.
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e.
|
Date of the transaction
|
2 September 2024
|
|
f.
|
Place of the transaction
|
Outside of a trading
venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Mr
Graeme Campbell
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Financial Officer
|
|
b.
|
Initial notification
/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Van Elle Holdings plc
|
|
b.
|
LEI
|
213800LQC6YL8KJT1Y18
|
|
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
Identification code
|
Ordinary Shares
ISIN: GB00BYX4TP46
|
|
b.
|
Nature of the transaction
|
Grant of share options
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
Nil
|
431,593
|
|
|
|
d.
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e.
|
Date of the transaction
|
2 September 2024
|
|
f.
|
Place of the transaction
|
Outside of a trading
venue
|