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VIVO ENERGY PLC - Notification of Transactions by Directors

Release Date: 08/04/2021 08:00
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



8th April 2021

                                    Vivo Energy plc (the "Company")

                                              (LSE: VVO / JSE: VVO)

                           Notification of Transactions by Directors



On 7 April 2021, 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                        1,651,528
Doug Lafferty                Chief Financial Officer                         825,764


Consistent with practice in prior years, the Awards will be subject to the satisfaction of performance
conditions relating to EPS, Return on Average Capital Employed and Relative TSR measured over
three financial years between 1 January 2021 to 31 December 2023 and continued employment
over the relevant period.

Due to ongoing market uncertainty, the detailed targets for these awards are still in the process of
being finalised. The Committee is mindful of current investor best practice guidance relating to
target setting for 2021 long-term incentives awards, and intends to publish the targets for this
award on the Company’s website once finalised.

Following the assessment of performance conditions after the end of the performance period,
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                          1,651,528 shares

d)   Aggregated information           Aggregated Volume             Price

           -   Aggregated volume
                                      1,651,528 shares              £Nil
           -   Price
e)   Date of the transaction          7 April 2021
f)   Place of the transaction         Outside a trading venue


1    Details of the person discharging managerial responsibilities / person closely
     associated
a)   Name                          Doug Lafferty
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                                   825,764 shares

 d)    Aggregated information                    Aggregated Volume                      Price

            -    Aggregated volume

            -    Price
                                                 825,764 shares                         £Nil


 e)    Date of the transaction                   7 April 2021
 f)    Place of the transaction                  Outside a trading venue




                                                                 ENDS

For further information, please contact:

Minna Gonzalez-Gomez
Group Company Secretary
+44 2030 343 718
Minna.Gonzalez-Gomez@vivoenergy.com



About Vivo Energy:

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of
over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African
countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels,
lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power,
transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of
fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded
lubricants.

Vivo Energy has its primary listing on the London Stock Exchange and secondary listing on the Johannesburg Stock Exchange.
For more information about Vivo Energy please visit www.vivoenergy.com




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

Date: 08-04-2021 08:00:00
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