Director/PDMR Shareholding
Victrex plc announced the grant of options under its 2025 UK Sharesave Plan on 10 February 2026, with an exercise price of £5.496 per share, representing a 20% discount. A total of 694,387 options were granted to 334 employees, with options exercisable from April 2029 for 3-year contracts and April 2031 for 5-year contracts. Notably, Chief Finance Officer Ian Melling received 3,311 options under a 3-year contract.
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Victrex plc is an innovative world leader in high performance polymer solutions, delivering sustainable products which enable environmental and societal benefit in multiple end-markets. Victrex announces that on 10 February 2026 options were granted to employees of the Company pursuant to the SAYE Scheme. Eligible employees were invited to subscribe for options over the Company's ordinary shares of 1p each (Options), with an exercise price of £5.496 per share representing a 20% discount to the closing mid-market price on 12 January 2026, the day before the invitation to participate was made.
The Options have a savings start date of 1 April 2026 and will normally be exercisable - commencing 1 April 2029 for 3 Year contracts, and 1 April 2031 for 5 Year contracts - within a 6-month period from these dates. The exercise of Options is not dependent upon the satisfaction of performance criteria. A total of 334 employees elected to participate in the 2026 SAYE Scheme accordingly a total of 694,387 Options were granted on 10 February 2026.
The following Person Discharging Managerial Responsibility ("PDMR") has elected to participate in the 2026 SAYE Scheme, and their options are included in the total figures above:
| Director/PDMR | No. of Options | Savings Contract Period |
|---|---|---|
| Ian Melling | 3,311 | 3 Years |
The notification below, is made in accordance with Article 19 of the UK Market Abuse Regulation.
| a) | Name | Ian Melling | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Finance Officer (PDMR) | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| a) | Name | Victrex plc | ||||
| b) | LEI | 213800UYNPHAUNHPXL67 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Option over ordinary shares of 1p each GB0009292243 | ||||
| b) | Nature of the transaction | Option granted under the Company's all-employee HMRC approved Save As You Earn scheme ( Victrex plc 2025 UK Sharesave Plan ) with an exercise price of £5.496. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A N/A | ||||
| e) | Date of the transaction | 10 February 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.