Director/PDMR Shareholding
Victorian Plumbing Group plc announced on March 31, 2026, that awards were made under its Long Term Incentive Plan and Deferred Bonus Plan to key directors. Chief Executive Officer Mark Radcliffe received 357,462 ordinary shares under the LTIP, with an exercise price equivalent to the nominal value, and Chief Financial Officer Daniel Barton was granted 734,584 nil cost options under the LTIP. Additionally, Stephnie Judge was granted 277,866 nil cost options under the Deferred Bonus Plan. Vesting for these awards is contingent on adjusted diluted earnings per share targets and continued employment over a three-year performance period ending September 30, 2028, with a subsequent two-year holding period. The company currently has 328,769,068 ordinary shares in issue.
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Victorian Plumbing (AIM: VIC), the UK's leading bathroom retailer, makes the following announcement in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (596/2014EU), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, in respect of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares").
LTIP Awards
On 31 March 2026, awards over Ordinary Shares ("FY26 LTIP Awards") were made under the Victorian Plumbing Group plc Long Term Incentive Plan ("LTIP"). Following the making of the FY26 LTIP Awards, the Ordinary Share interests of the under-noted Directors have changed.
The FY26 LTIP Awards, made for nil consideration, were:
- for Mark Radcliffe, options granted with an exercise price equivalent to the nominal value of an Ordinary Share; and
- for Daniel Barton, nil cost options.
| Director | Role at date of grant | Maximum number of Ordinary Shares over which FY26 LTIP Awards are made |
|---|---|---|
| Mark Radcliffe | Chief Executive Officer | 3 57,462* |
| Daniel Barton | Chief Financial Officer | 734,584 |
*Mark Radcliffe's award was pro-rated to reflect the Board changes effective 1 April 2026, pursuant to his transition from Chief Executive Officer to Non‑Executive Founder Director.
The vesting of the FY26 LTIP Awards is subject to the following targets:
- 62.5% is subject to an adjusted diluted earnings per share target; and
- 37.5% is subject to continued employment,
both measured over the three-year performance period ending 30 September 2028. A two-year holding period will apply following the vesting date.
DBP Award
Further, on 31 March 2026, Stephnie Judge (Group Managing Director and Chief Executive Officer Designate at the date of grant), was granted an award ("FY26 DBP Award") under the Victorian Plumbing Group plc Deferred Bonus Plan ("DBP").
The maximum number of Ordinary Shares subject to the nil cost options granted under the FY26 DBP Award is 277,866.
The vesting of the FY26 DBP Award is subject to Company performance targets measured over the twelve-month performance period ending 30 September 2026, with vesting occurring in three tranches over the two-year period following the date when measurement of the performance targets have been confirmed.
There were 328,769,068 Ordinary Shares in issue at the time of this notification (not including those Ordinary Shares which may be issued in accordance with the FY26 LTIP Awards or FY26 DBP Award).
| 1. | Details of PDMR | |
| (a) | Name | Mark Radcliffe Daniel Barton |
| 2. | Reason for notification | |
| (a) | Position/Status, at the date of grant | Mark Radcliffe - Chief Executive Officer Daniel Barton - Chief Financial Officer |
| (b) | Initial notification / amendment | Initial Notification |
| 3. | Details of the Issuer | |
| (a) | Name | Victorian Plumbing Group plc |
| (b) | LEI | 894500R59II0S4WXGZ04 |
| (a) | Description of the financial instrument | Ordinary Shares |
| (b) | Nature of the transaction | Awards made pursuant to the Victorian Plumbing Group plc Long Term Incentive Plan |
| (c) | Price(s) and volume | Price(s) Volume(s) Nil Mark Radcliffe - 357,462 Ordinary Shares Nil Daniel Barton - 734,584 Ordinary Shares |
| (d) | Aggregated information | n/a |
| (e) | Date of the transaction | 31 March 2026 |
| (f) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR | |
| (a) | Name | Stephnie Judge |
| 2. | Reason for notification | |
| (a) | Position/Status at the date of grant | Group Managing Director and Chief Executive Officer Designate |
| (b) | Initial notification / amendment | Initial Notification |
| 3. | Details of the Issuer | |
| (a) | Name | Victorian Plumbing Group plc |
| (b) | LEI | 894500R59II0S4WXGZ04 |
| (a) | Description of the financial instrument | Ordinary Shares |
| (b) | Nature of the transaction | Awards made pursuant to the Victorian Plumbing Group plc Deferred Bonus Plan |
| (c) | Price(s) and volume | Price(s) Volume(s) Nil 2 77,866 Ordinary Shares |
| (d) | Aggregated information | n/a |
| (e) | Date of the transaction | 31 March 2026 |
| (f) | Place of the transaction | Outside a trading venue |
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