To view the PDF file, sign up for a MySharenet subscription.

VIVO ENERGY PLC - Notification of Transactions by Directors

Release Date: 12/03/2020 12:30
Code(s): VVO     PDF:  
Wrap Text
Notification of Transactions by Directors

 Vivo Energy plc
(Incorporated in England and Wales)
(Registration number: 11250655)
(Share code: VVO)
LEI: 213800TR7V9QN896AU56
ISIN: GB00BDGT2M75

12 March 2020

                                 Vivo Energy plc (the "Company")
                                         (LSE: VVO / JSE: VVO)


                               Notification of Transactions by Directors

On 11 March 2020, 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                   1,454,548

            Johan Depraetere           Chief Financial Officer                    818,183


The Awards will vest subject the continued employment of the Directors and the satisfaction of
performance conditions relating to EPS, ROACE and TSR growth measured over three financial years
between 1 January 2020 to 31 December 2022.

Following determination of the extent of satisfaction of performance conditions, the 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                          1,454,548 shares

d)   Aggregated information           Aggregated Volume             Price

           -   Aggregated volume
                                      1,454,548 shares              £Nil
           -   Price
e)   Date of the transaction          11 March 2020
f)   Place of the transaction         Outside a trading venue


1    Details of the person discharging managerial responsibilities / person closely
     associated
a)   Name                          Johan Depraetere
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                         818,183 shares

 d)   Aggregated information            Aggregated Volume            Price

          -   Aggregated volume
                                        818,183 shares               £Nil
          -   Price
 e)   Date of the transaction           11 March 2020
 f)   Place of the transaction          Outside a trading venue


For further information, please contact:

Claire Dhokia
Group Company Secretary
+44 2030 343 718
claire.dhokia@vivoenergy.com



JSE Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

Date: 12-03-2020 12:30:00
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.