REG - Topps Tiles - Director/PDMR Shareholding and TVR <Origin Href="QuoteRef">TPT.L</Origin>

Topps TilesAnnouncement

30/11/2017 11:45

RNS Number : 0023Y
Topps Tiles PLC
30 November 2017
Topps Tiles Plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
and
Total Voting Rights
PDMR Transaction
The Company has received notice that, on 28 November 2017, a PDMR, Richard Carter, exercised nil-cost share options in respect of 359,719 ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") in accordance with the rules of the under the Topps Tiles 2013 Long Term Incentive Plan (the "Exercise").
Following the Exercise, the Company received notice that Richard Carter had sold 169,407 Ordinary Shares.
Total Voting Rights
To satisfy the Exercise, The Topps Tiles Employee Benefit Trust (the "EBT") was requested to transfer 359,719 Ordinary Shares. Following this transfer the EBT now holds 3,698,776 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of the 3,678,776 Ordinary Shares. Accordingly, the total number of voting rights in the Company will be 192,788,522. This figure may 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 Company under the FCA's Disclosure and Transparency Rules.
Director/ PDMR Shareholding
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated


a)
Name
 Richard Carter
2
Reason for the notification
a)
Position/status
 Operations Director
b)
Initial notification /Amendment
 Initial Notification 
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
 Topps Tiles PLC
b)
LEI
 2138009NA4K1NTLN7Q97
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 3.33 pence each

Identification Code
GB00B185P5K83
b)
Nature of the transaction
 Exercise of Nil Cost Option and Sale to discharge Tax and NI liability
c)
Price(s) and volume(s)
 Price  
Volume
 Nil
Exercise of Awards over
359,719 Shares
64.7461 pence 
Sale of
169,407 Shares
d)
Aggregated information
- Aggregated volume
- Price
 
169,407 Shares
64.7461 pence per share
e)
Date of the transaction
28 November 2017 
f)
Place of the transaction
 London Stock Exchange

This information is provided by RNS
The company news service from the London Stock Exchange
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