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VIVO ENERGY PLC - Notification of Transactions by Directors

Release Date: 14/03/2019 09:24
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

14 March 2019

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


Notification of Transactions by Directors

On 12 March 2019, 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, and will vest subject to performance conditions relating to EPS, ROACE and TSR
growth measured over three financial years between 1 January 2019 to 31 December 2021.
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 number of Shares underlying each directors Award are detailed below:


                                                                             Number of
       Name                        Position
                                                                               Shares
       Christian Chammas           Chief Executive Officer                    1,222,420

       Johan Depraetere            Chief Financial Officer                     687,613


This notification is made in accordance with the requirements of the Market Abuse Regulation.


For further information, please contact:

Claire Dhokia
Deputy Company Secretary
+44 2030 343 718
claire.dhokia@vivoenergy.com
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS

1    Details of the person discharging managerial responsibilities / person closely
     associated
a)   Name                           Christian Chammas
2    Reason for the notification
a)   Position/status                  Chief Executive Officer
b)   Initial/Amendment notification  Initial
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
     instrument, type of instrument   Nil-cost options over ordinary shares of Vivo Energy plc

     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)
                                      1,222,420 shares

                                      £0


d)   Aggregated information

           -   Aggregated volume      1,222,420 shares

           -   Price                  £0

e)   Date of the transaction          12 March 2019
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                    Chief Financial Officer
b)   Initial/Amendment notification  Initial
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
     instrument, type of instrument     Nil-cost options over ordinary shares of Vivo Energy plc

     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)
                                        687,613 shares

                                        £0


d)   Aggregated information

           -   Aggregated volume        687,613 shares

           -   Price                    £0

e)   Date of the transaction            12 March 2019
f)   Place of the transaction           Outside a trading venue




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

Date: 14/03/2019 09:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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