Director/PDMR Shareholding
Porvair plc announced on 13 February 2026 that options were granted under its Long Term Share Plan 2018 to Executive Directors on 11 February 2026. The CEO, Hooman Caman Javvi, received 88,110 options, and the CFO, James Mills, received 59,680 options. These options, with a 2 pence exercise price, are exercisable in full if the Group achieves Adjusted EPS of at least 64.3 pence in the financial year ending 30 November 2028, representing a 15% compound annual growth rate from FY2025 Adjusted EPS. A portion of the award will vest if Adjusted EPS reaches 47.6 pence, with a sliding scale for performance between these figures, and no shares will vest if FY2028 Adjusted EPS falls below 47.6 pence. Following these grants, the total number of LTSP and SAYE options in issue is 871,643, representing approximately 1.8% of the shares in issue.
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The Company announces that on 11 February 2026 options were granted under the Group's Long Term Share Plan 2018 ("LTSP") to the Executive Directors. Options under the LTSP were granted as follows:
| Director | Position | Options awarded under the LTSP | Grant date | Vesting date | Minimum holding period | Total options held, including SAYE options |
|---|---|---|---|---|---|---|
| Hooman Caman Javvi | CEO | 88,110 | 11 February 2026 | 11 February 2029 | 2 years after vesting | 216,751 |
| James Mills | CFO | 59,680 | 297,931 |
These options, with a 2 pence exercise price, can only be exercised in full if the Remuneration Committee is satisfied that in the financial year ending 30 November 2028 ("FY2028") the Group has achieved Adjusted EPS of at least 64.3 pence, which is a 15% compound annual growth rate from the Adjusted EPS in the year ended 30 November 2025. 20% of the award will vest if the Group has achieved Adjusted EPS of 47.6 pence in FY2028. A sliding scale will operate if Adjusted EPS are between 47.6 pence and 64.3 pence. No shares vest if the Adjusted EPS in FY2028 is below 47.6 pence.
After the vesting period, before the end of the two-year holding period, the option holder may exercise the option but may only sell sufficient shares to settle the option price and the income tax payable. The options may be exercised after the vesting period up until 11 February 2036. Claw-back and malus provisions apply.
Following these grants, the total number of LTSP and SAYE options in issue is 871,643, representing approximately 1.8% of the shares in issue.
| a. | Name | Hooman Caman Javvi |
| 2. | Reason for the notification | |
| a. | Position/status | CEO |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | Porvair plc |
| b. | LEI | 213800ECKHS8LAQO3C45 |
| a. | Description of the Financial instrument, type of instrument Identification code | Options over Ordinary Shares of 2 pence under the Porvair plc Long Term Share Plan GB0006963689 |
| b. | Nature of the transaction | Grant of options |
| c. | Price(s) and volume(s) | Price(s) Volume(s) n/a 88,110 |
| d. | Aggregated information · Aggregated volume · Price | n/a - single transaction |
| f. | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | James Mills |
| 2. | Reason for the notification | |
| a. | Position/status | CFO |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | Porvair plc |
| b. | LEI | 213800ECKHS8LAQO3C45 |
| a. | Description of the Financial instrument, type of instrument Identification code | Options over Ordinary Shares of 2 pence under the Porvair plc Long Term Share Plan GB0006963689 |
| b. | Nature of the transaction | Grant of options |
| c. | Price(s) and volume(s) | Price(s) Volume(s) n/a 59,680 |
| d. | Aggregated information · Aggregated volume · Price | n/a - single transaction |
| 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.