REG-Travis Perkins Travis Perkins: Director/PDMR Shareholding

Travis PerkinsAnnouncement

26/04/2024 11:15

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   Travis Perkins (TPK)
   Travis Perkins: Director/PDMR Shareholding

   26-Apr-2024 / 11:11 GMT/BST

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   2024 RSP Award

   The Company announces that on 25 April 2024 (“Grant Date”), awards in
   respect of ordinary shares of 11.205105p each in the Company ("Shares")
   were granted by way of nil cost options under the Travis Perkins Plc
   Restricted Share Plan ("RSP") to the Company’s Chief Financial Officer,
   Duncan Cooper (“CFO”), as follows:
    

   Name   Status Type  Number
                 of    of
                 RSP   Options
                 Award
   Duncan PDMR   2024  92,105
   Cooper        RSP
                 Award

   The number of shares subject to the nil-cost options awarded has been
   calculated using a share price of £7.125 (being the mid-market closing
   price of the Company's Shares as derived from the London Stock Exchange’s
   Daily Official List on the dealing day immediately preceding the Grant
   Date).

   The options will normally vest after a period of three years and will then
   be exercisable after the completion of a two year holding period following
   vesting.  If the options vest they will be exercisable until the tenth
   anniversary of the Grant Date (or such shorter period as determined by the
   Board). The awards are subject to performance underpins. 

   In the event that dividends are paid in the period between grant and the
   release date, the number of shares awarded will be increased to reflect
   the dividends that would have accrued had they been reinvested in shares.

   CFO Buyout Awards

   The CFO forfeited outstanding incentives (“Crest Nicholson Awards”) on
   leaving his former employer and the Remuneration Committee determined that
   it was appropriate to make "buyout awards" in respect of the Crest
   Nicholson Awards, structured to be a like-for-like basis with Crest
   Nicholson Awards forfeited.

   The Company announces that on Grant Date, to make these buyout awards,
   awards in respect of Shares were granted by way of nil cost options under
   the RSP to the CFO as follows:
    

   Name   Status Type   Number
                 of RSP of
                 Award  Options
   Duncan PDMR   CFO    48,077
   Cooper        Buyout
                 Award
                 of
                 2022
                 PSP
                 CFO    11,031
                 Buyout
                 Award
                 of
                 2022
                 DSBP
                 CFO    64,805
                 Buyout
                 Award
                 of
                 2023
                 PSP
                 CFO    13,589
                 Buyout
                 Award
                 of
                 2023
                 DSBP

    

    1. CFO Buyout Award of 2022 PSP will normally vest on 28 January 2025 and
       will then be exercisable after the completion of a two year holding
       period
    2. CFO Buyout Award of 2022 DSBP will normally vest and be exercisable on
       28 January 2025
    3. CFO Buyout Award of 2023 PSP will normally vest on 27 January 2026 and
       will then be exercisable after the completion of a two year holding
       period
    4. CFO Buyout Award of 2023 DSBP will normally vest and be exercisable on
       27 January 2026

   The number of Shares comprised in the CFO Buyout Awards has been
   calculated as the full face value of the awards forfeited, based on the
   share price of Crest Nicholson plc shares of £2.11 and the equivalent
   share price of the Company’s shares of £7.89, in both cases calculated
   over the month of January 2024.
   Each CFO Buyout Award is subject to performance underpins, being the
   conditions applicable to the Crest Nicholson Awards measured by reference
   to the performance of Crest Nicholson (as set out in its annual reports).

   In the event that dividends are paid in the period between grant and the
   release date, the number of shares awarded will be increased to reflect
   the dividends that would have accrued had they been reinvested in shares.

   The Notification of Dealing Forms for the PDMR can be found below. This
   announcement is made in accordance with the requirements of the EU Market
   Abuse Regulation.

   For further information please contact:

    1 Lindi Pratt
   Company Secretariat Manager
    +44 (0)7471140065

   Notification of Dealing Form
    

   1  Details of the person discharging managerial
      responsibilities/ person closely associated 
   a) Name                   Duncan Cooper
   2  Reason for the notification
   a) Position/Status        Chief Financial Officer
   b) Initial                Initial Notification in each case
      notification/Amendment
   3  Details of the issuer, emission allowance market
      participant, auction platform, auctioneer
      or auction monitor
   a) Name                     Travis Perkins plc
   b) LEI                      2138001I27OUBAF22K83
   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 transaction have been
      conducted
   a) Description of the         Ordinary Shares of 11.205105
      financial                  pence each
      instrument,
      type of instrument         ISIN: GB00BK9RKT01
      Identification code
   b) Nature of the transaction  In each case, options over
                                 ordinary shares of 11.205105
                                 pence each granted under the
                                 Company's Restricted Share
                                 Plan at nil cost.
   c) Price(s) and volume (s)                    
                                 Price(s)       Volume(s)
                                                 1. 92,105
                                                 2. 48,077
                                                 3. 11,031
                                                 4. 64,805
                                                 5. 13,589
   d) Aggregated information                          

      -Aggregated volume         Aggregate Aggregate Aggregate
                                 Price     Volume    Total
      -Price                     n/a       n/a       n/a
   e) Date of the transaction    25 April 2024
   f) Place of the transaction   Outside a trading venue
                                                      

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BK9RKT01
   Category Code:  DSH
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
                   3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   318302
   EQS News ID:    1890741


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:lindi.pratt@travisperkins.co.uk


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