Polypipe Group PLC Director/PDMR Shareholding (5387B)
07 Junio 2019 - 5:08AM
UK Regulatory
TIDMPLP
RNS Number : 5387B
Polypipe Group PLC
07 June 2019
Polypipe Group plc (the "Company")
Notification of transactions by Person Discharging Managerial
Responsibilities
The Company announces that on 6 June 2019, Martin Payne, Chief
Executive Officer and a Person Discharging Managerial
Responsibilities, exercised the following options:
1. a nil-cost option over 11,354 ordinary shares of GBP0.001
each in the capital of the Company ('Shares') (comprising 10,449
Shares granted under the Award and 905 Shares awarded at vesting in
lieu of dividends paid during the vesting period), in accordance
with the Deferred Share Award that was granted to him on 31 May
2016. Full details of the Award were included in a regulatory
announcement released on 31 May 2016 and in the Company's 2016
Annual Report and Accounts. The Company's Employee Benefit Trust
has today transferred 6,018 Shares to Mr. Payne which represents
the net number of Shares due to him after the addition of dividend
shares and the appropriate tax and national insurance liabilities
were taken into account.
2. a nil-cost option over 68,258 Shares in accordance with the
Long Term Incentive Award granted to him on 31 May 2016. Mr Payne
sold sufficient shares to cover the appropriate tax and national
insurance liabilities due on exercise.
3. a nil-cost option over 4,121 Shares in accordance with the
Deferred Share Bonus Plan Award granted to him on 25 April 2017. Mr
Payne sold sufficient shares to cover the appropriate tax and
national insurance liabilities due on exercise.
Mr Payne now holds an interest in a total of 159,817 Shares.
The notification below, which has been made in accordance with
the requirements of the EU Market Abuse Regulation, provides
further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Martin Payne
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Executive Officer/Director
and PDMR
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Polypipe Group plc
-------------------------- -------------------------------------------
b) LEI 2138005IF1N2RKJ6KO18
-------------------------- -------------------------------------------
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 Ordinary Shares ("Shares") of GBP0.001
financial instrument, each in the capital of Polypipe Group
type of instrument plc
Identification code
GB00BKRC5K31
-------------------------- -------------------------------------------
b) Nature of the transaction Acquisition of Shares for no consideration
pursuant to the exercise of nil-cost
options as follows:
Deferred Share Award ("DSA") granted
on 31 May 2016
Long Term Incentive Plan ("LTIP")
award granted on 31 May 2016
Deferred Share Bonus Plan ("DSBP")
award granted on 25 April 2017
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,018 - Number
of DSA Shares
acquired after
reduction for
appropriate tax
and national insurance
liabilities.
36,048 - Number
of LTIP Shares
acquired after
reduction for
appropriate tax
and national insurance
liabilities.
2,176 - Number
of DSBP Shares
acquired after
reduction for
appropriate tax
and national insurance
liabilities.
------------------------
-------------------------- -------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 6 June 2019
-------------------------- -------------------------------------------
f) Place of the transaction Outside a Trading Venue
-------------------------- -------------------------------------------
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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