Director/PDMR Shareholding

Elementis

03/06/2025 07:00

RNS Number : 1102L

Elementis PLC

02 June 2025

 

 

Elementis plc

('Elementis' or 'the Company')

 

Director/PDMR Shareholding

 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

 

Elementis plc announces that on 30 May 2025 the following Directors have been granted conditional share awards under the Elementis plc 2018 Long Term Incentive Plan (LTIP) with a vesting date of 30 May 2028 at a cost of nil pence per share.

 

Name
Title
Number of shares
(Performance Share Awards)
Luc van Ravenstein
Chief Executive Officer
745,591
Ralph Hewins
ChiefFinancial Officer
524,654

 

The above quantum of awards are as detailed in the 2024 Directors' Remuneration Report and are based on award multiples set at 200% and 175% of salary for both the Chief Executive and Chief Financial Officer respectively.

 

In addition, the Committee will retain discretion to reduce the number of shares on vesting should it be considered appropriate to do so (e.g. in the event that there was perceived windfall gain).

 

Subject to the terms of the LTIP plan rules, the above awards will vest and become exercisable from the third anniversary of the grant of the awards subject to continued service and to the extent to which the relevant performance conditions (see below) are satisfied over the three financial years ending 31 December 2027. Shares that vest (post selling any shares required to meet associated tax liabilities) are also subject to a two-year holding requirement.

 

Performance conditions

The full performance conditions to apply to the 2025 awards are as follows:

Total Shareholder Return (30% weighting)

 

ElementisversusFTSE ALL Share Constituents(excludingInvestment Trusts)
% of TSR part vesting
Below median
0%
Median (50th percentile)
25%
Between median and upper quartile
On a straight-line basis between 25% and 100%
Upperquartile
100%

 

 

Earnings per share (30% weighting)

 

EPS
% ofEPS part vesting
Less than 15.5 cents
0%
19 cents
100%

Vesting will be on a straight-line basis between threshold and target, and target and maximum.

 

 

Return on Capital Employed (30% weighting)

 

ROCE
% of ROCE part vesting
Less than 26%
0%
More than 26% but less than 28%
On a straight line basis between 0% and 50%
28%
50%
More than 28% but less than 29%
On a straight line basis between 50% and 100%
29%
100%

 

 

Environmental Sustainability (10% weighting)

 

Absolute GHG emissions FY 2027
% ofAbsolute GHG part vesting
67,833t CO2e
0%
More than 58,758t CO2e and less than 67,833t CO2e
On a straight line basis between 67,833t CO2e and 58,758t CO2e
58,758T CO2E
100%

Vesting will be on a straight-line basis between performance points.

 

 

Vesting based on the above performance conditions will be subject to a return on capital employed underpin. This will require the Committee to consider the vesting result determined based on the application of the EPS, TSR, operating cash conversion and operating profit margin performance conditions in light of the return on capital employed achieved during the three year period ending 31 December 2027 relative to the Board's internal plans over the period. If the Committee does not consider the vesting result appropriate in light of the return the underpin enables vesting to be reduced to a more appropriate level.

 

Set out below are the notifications made in accordance with Article 19 of the EU Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
LUC VAN RAVENSTEIN
2
Reason for the notification
a)
Position/status
CEO, DIRECTOR
b)
Initial notification/Amendment
INITIAL NOTIFICATION
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ELEMENTIS PLC
b)
LEI
549300LQIH685LI2ML36
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
SHARES
GB0002418548
b)
Nature of the transaction
Grant of a conditional share award over 745,591 shares under the Elementis plc 2018 Long Term Incentive Plan with a vesting date of 30 May 2028 at a cost of nil pence per share.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
N/A
d)
Aggregated information
- Aggregated volume
-Price
N/A
e)
Date of the transaction
2025-05-30
f)
Place of the transaction
Outside of a trading venue

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
RALPH HEWINS
2
Reason for the notification
a)
Position/status
CFO, DIRECTOR
b)
Initial notification/Amendment
INITIAL NOTIFICATION
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ELEMENTIS PLC
b)
LEI
549300LQIH685LI2ML36
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
SHARES
GB0002418548
b)
Nature of the transaction
Grant of a conditional share award over 524,654 shares under the Elementis plc 2018 Long Term Incentive Plan with a vesting date of 30 May 2028 at a cost of nil pence per share.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
N/A
d)
Aggregated information
- Aggregated volume
-Price
N/A
e)
Date of the transaction
2025-05-30
f)
Place of the transaction
Outside of a trading venue

 

Person responsible for making this notification: Lynton Boardman, Group General Counsel & Company Secretary

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