REG - Strip Tinning Hldgs - Share Incentive Plan, PDMR Shareholding and TVR

Strip Tinning HoldingsAnnouncement

31/10/2022 07:00

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RNS Number : 5735E  Strip Tinning Holdings PLC  31 October 2022

31 October 2022

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Issue of Shares under Share Incentive Plan

Director/PDMR Dealings

Total Voting Rights

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist
connection systems to the automotive sector, is pleased to announce that, on
30 October 2022, the Board of Directors approved the issue of 322,345 ordinary
shares (the "SIP Shares") of 1 penny each in the Company ("Ordinary Shares")
under the Strip Tinning Holdings PLC Share Incentive Plan (the "SIP") to
certain employees and PDMRs of the Company. The SIP Shares represent
approximately2.1% of the current issued share capital of the Company

The SIP (details of which were included in the Company's admission document)
has been a longstanding ambition of the Board and rewards staff for their
loyalty, while creating shared ownership of the business among key employees.
The grants made on 31 October 2022 are in the form of "Free Share" awards to
employees who have worked at the company for a minimum of 6 months up to a
maximum value of £3,600 worth of Ordinary Shares in the Company.

The Company have established an employee benefit trust, called The Strip
Tinning Holdings PLC Share Incentive Plan Trust ("SIP Trust"), and appointed
Global Shares Trustees (UK) Limited ("SIP Trustee") as the trustee of the SIP
Trust. The Free Shares will be held in the SIP Trust for a period of three
years before being released to participants and will usually be forfeited if,
during the holding period, the participant in question ceases employment other
than in specific circumstances.

The Company's Executive Directors do not currently participate in the SIP and
did not receive an award of Free Shares.

PDMR dealings

Details of the number of SIP Shares issued to PDMRs of the Company and their
resulting interest in the capital of the Company are set out below:

 PDMR            Title                    Number of SIP Shares awarded  Resulting holding in the Company  % of issued share capital
 Steve O'Connor  Group Sales Director     4,966                         370,575                           2.4%

 Mark Perrins    Group Managing Director  414                           13,523                            0.1%

 

Admission to trading and total voting rights

 

Application has been made for the SIP Shares (which will rank pari pasu in all
respects with the existing ordinary shares of the Company) to be admitted to
trading on AIM ("Admission") and it is expected that Admission to AIM will
become effective on or around 1 November 2022.

Following the issue of SIP Shares, the Company will have 15,459,714 Ordinary
Shares in issue and the total number of voting shares in Strip Tinning
Holdings plc will be 15,459,714.

The above figure of 15,459,714 should 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
share capital of Strip Tinning Holdings plc under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

The Notification of Dealing Forms required in accordance with UK MAR are set
out below.

Enquiries:

Strip Tinning Holdings
plc
Via Alma PR

Richard Barton, Chief Executive
Officer

Adam Le Van, Chief Financial Officer

 

Singer Capital Markets (Nominated Adviser and Sole
Broker)                    +44 (0) 20 7496 3000

Rick Thompson

Will Goode

Alex Bond

James Fischer

 

Alma PR (Financial
PR)
                striptinning@almapr.co.uk

Josh
Royston
 
+44 (0) 20 3405 0205

Joe Pederzolli
 

 

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Name                                                         Steve O'Connor
 2      Reason for the notification
 a)     Position/status                                              Managing Director
 b)     Initial notification /Amendment                              Initial Notification
 3      Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 a)     Name                                                         Strip Tinning Holdings plc
 b)     LEI                                                          894500GS6N5D41R6H966
 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 financial instrument, type of instrument  Ordinary shares of 1 pence each

        Identification code

                                                                     GB00BMHN9M05
 b)     Nature of the transaction                                    Purchase of Ordinary Shares
 c)     Price(s) and volume(s)                                       Price                        Volume

        72.5 pence                                                                                4,966 Ordinary Shares
 d)     Aggregated information                                       N/A - single transaction

        - Aggregated volume

        - Price

 e)     Date of the transaction                                      31 October 2022
 f)     Place of the transaction                                     London Stock Exchange

 

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Name                                                         Mark Perrins
 2      Reason for the notification
 a)     Position/status                                              Managing Director
 b)     Initial notification /Amendment                              Initial Notification
 3      Details of the issuer, emission allowance market participant, auction
        platform, auctioneer or auction monitor
 a)     Name                                                         Strip Tinning Holdings plc
 b)     LEI                                                          894500GS6N5D41R6H966
 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 financial instrument, type of instrument  Ordinary shares of 1 pence each

        Identification code

                                                                     GB00BMHN9M05
 b)     Nature of the transaction                                    Purchase of Ordinary Shares
 c)     Price(s) and volume(s)                                       Price                        Volume

        72.5 pence                                                                                414 Ordinary Shares
 d)     Aggregated information                                       N/A - single transaction

        - Aggregated volume

        - Price

 e)     Date of the transaction                                      31 October 2022
 f)     Place of the transaction                                     London Stock Exchange

 

 

 

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