Director/PDMR Shareholding
Castings PLC announced that Persons Discharging Managerial Responsibilities (PDMRs) exercised a total of 32,149 options under the 2020 Restricted Share Plan at nil cost. Following deductions for tax and national insurance, 17,038 ordinary shares were received. Adam Vicary, CEO, exercised 18,612 options resulting in 9,864 shares, and Steven Mant, Finance Director, exercised 13,537 options resulting in 7,174 shares. These shares were satisfied from treasury stock, and the total number of voting rights in the company is now 43,493,809.
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Castings PLC ("Castings" or "the company"), the leading iron casting and machining group primarily focused on the European heavy truck market, announces that PDMRs have exercised in aggregate 32,149 options over ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") at an exercise price of £nil each pursuant to the Castings 2020 Restricted Share Plan.
| Date of Exercise | Name | Number of options exercised | Number of Ordinary Shares received pursuant to the exercise* | Shareholding post-exercise |
|---|---|---|---|---|
| 1 July 2026 | Adam Vicary | 18,612 | 9,864 | 65,692 |
| 1 July 2026 | Steven Mant | 13,537 | 7,174 | 35,086 |
* The options have been exercised on a cash-less basis, after deductions for income tax and national insurance contributions.
The exercise of options is being satisfied from existing Ordinary Shares which were held by the Company in treasury.
Total Voting Rights
The Company's issued share capital comprises 43,632,068 Ordinary Shares. Following this exercise of options, the Company holds 138,259 shares in treasury. Therefore, the total number of voting rights in the Company is 43,493,809.
The above figure of 43,493,809 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Castings PLC +44 (0) 1543 374341
S J Mant, Director and Company Secretary
Canaccord Genuity Limited (Joint Broker) +44 (0) 20 7523 8000
Adam James
George Grainger
Zeus Capital Limited (Joint Broker) +44 (0) 20 3829 5000
Dominic King (Corporate Broking)
David Foreman (Investment Banking)
| a) | Name | 1. Adam Vicary 2. Steven Mant |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Finance Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Castings plc |
| b) | LEI | 2138004LKVACAUE94W70 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each GB0001795680 |
| b) | Nature of the transaction | Exercise of share options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 2. Nil 1. 9,864 2. 7,174 The above number of shares are the net number after deducting for income tax and national insurance contributions. |
| d) | Aggregated information - Aggregated volume - Price | N/A - Singe transaction |
| e) | Date of the transaction | 1 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.