EXO Exova Grp

TIDMEXO

RNS Number : 7022I

Exova Group PLC

03 June 2014

EXOVA GROUP PLC

Notification of transactions of Directors and PDMRs

3 June 2014

On 2 June 2014, awards in the form of nil cost awards ("Awards") to acquire ordinary shares of 1 penceeach ("Shares") in Exova Group plc (the "Company") were granted to certain persons discharging managerial responsibilities ("PDMRs") under the Exova Group plc Additional Share Scheme (the "Scheme"), as set out in column 3 in the table below.

The Awards are exercisable immediately, and will lapse to the extent they are not exercised by 16 April 2016. The Shares are subject to the same lock-up arrangements as the other Shares held by the PDMRs and may not be sold before 16 April 2015 (including sales to discharge tax liabilities arising on exercise) without the consent of the joint book runners who acted in relation to the initial public offering of the Company in April 2014. On exercise, Shares will be transferred by the Company's Employee Benefit Trust using Shares provided by Tabasco BV (a company controlled by Clayton, Dubilier & Rice).

 
     1. Name          2. Status      3. Number of Shares 
                                        under Nil Cost 
                                            Option 
-----------------  ---------------  -------------------- 
 Ian El-Mokadem     Director/PDMR                137,962 
-----------------  ---------------  -------------------- 
 Anne Thorburn      Director/PDMR                146,226 
-----------------  ---------------  -------------------- 
 Hicham Abdallah    PDMR                          46,668 
-----------------  ---------------  -------------------- 
 Hans Aberg         PDMR                          21,855 
-----------------  ---------------  -------------------- 
 Mike Pooley        PDMR                          46,668 
-----------------  ---------------  -------------------- 
 John Willox        PDMR                          34,222 
=================  ===============  ==================== 
 

The above awards are included in the interests of the PDMRs set out in the Prospectus published by the Company on 11 April 2014. No consideration was paid for the grant of any of the above awards.

This notification is made in accordance with DTR 3.1.4

For and on behalf of Exova Group plc

Date: 3 June 2014

Neil MacLennan

Company Secretary

Telephone: 0131 333 8053

This information is provided by RNS

The company news service from the London Stock Exchange

END

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