REG-Travis Perkins Travis Perkins: Director/PDMR Shareholding
15/08/2019 16:05
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Travis Perkins (TPK)
Travis Perkins: Director/PDMR Shareholding
15-Aug-2019 / 16:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Travis Perkins plc ("the Company") was notified on 14 August 2019 of the
purchase on 13 August 2019 by the persons named below of ordinary shares
of 10p each in the Company ("Investment Shares"), under the Travis Perkins
Co Investment Plan, at a price of £12.04. Matching Awards in relation to
the Investment Shares purchased were granted in the form of nil cost
options over the number of shares set out below on 14 August 2019.
Matching Awards will vest on 14 August 2022 subject to satisfaction of
performance conditions as set out in the Company's 2018 Annual Report and
Accounts. To the extent that the Matching Awards vest, they will be
exercisable until the tenth anniversary of the grant date.
Number Beneficial % of Investment
Name Status of Investment Shares ISC Matching Award
purchased interest
Nick Roberts Director 12,371 12,371 <0.1 44,985
Patrick PDMR 8,097 8,097 <0.1 29,443
Knight
In the event that dividends are paid in the period between grant and
vesting, the number of shares awarded will be increased to reflect the
dividends that would have accrued had they been reinvested in shares.
The Company was further notified that on 14 March 2019, the following
awards in respect of ordinary shares of 10p each in the Company ("shares")
were made by way of nil cost option under the Travis Perkins Plc 2017
Performance Share Plan ("PSP") to the persons named below. The number of
shares subject to the options awarded has been calculated using a share
price of £12.05 (the mid-market closing price on the day prior to the
award).
Number
Name Status
of Options
Nick Roberts
Director 78,423
The options over these shares will normally vest on 14 August 2022,
subject to the satisfaction of performance conditions and will normally be
exercisable from 14 August 2024 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.
In the event that dividends are paid in the period between grant and the
end of the holding period, the number of shares awarded will be increased
to reflect the dividends that would have accrued had they been reinvested
in shares.
On the same date Nick Roberts was also awarded 2,489 market value options
under the HMRC tax advantaged CSOP element of the PSP with a face value of
£29,992.45 and an exercise price of £12.05 (the mid-market closing price
on the day prior to the award). This award is subject to the same
performance conditions as the PSP award. If the options vest they will be
available until the tenth anniversary of the grant date.
Nick Roberts forfeited outstanding incentives on leaving his former
employer and the Remuneration Committee determined that it was appropriate
to "buy out" these incentives. The buy-out awards have been structured as
far as possible to be a like-for-like basis with awards forfeited in
accordance with our remuneration policy. The following awards were granted
in the form of nil cost options to Nick Roberts under the Travis Perkins
plc 2017 Performance Share Plan ("PSP").
1. Unconditional Award over 14,522 ordinary shares of 10p each in the
Company of which 4,066 shares will vest on 30 August 2020; and the
balance of 10,456 will vest on 30 August 2021.
2. Conditional Award over 39,502 ordinary shares of 10p each in the
Company which will vest on 14 August 2022, subject to the satisfaction
of performance conditions.
The number of shares subject to the options awarded has been calculated
using the mid-market closing price on 13 August 2019 of £12.05.
In the event that dividends are paid in the period between grant and
vesting, 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 these transactions can be found
below.
For further information please contact:
Helen O'Keefe
Deputy Company Secretary
+44 (0)1604 685910
Notification of Dealing Form
1 Details of the person discharging managerial responsibilities/ person
closely associated
a) Name 1. Nick Roberts
2. Patrick Knight (PCA Sueann Knight)
2 Reason for the notification
a) Position/Status 1. Chief Executive
2. Chief Information Officer
b) Initial Initial Notification in each case
notification/Amendment
Details of the issuer, emission allowance market participant, auction
3 platform, auctioneer
or auction monitor
a) Name Travis Perkins plc
b) LEI 2138001I27OUBAF22K83
Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii)
4 each type of transaction; (iii) each date; and; (iv) each place where
transaction have been
conducted
Description of the financial Ordinary Shares of 10 pence each
instrument,
a)
type of instrument
Identification code ISIN: GB0007739609
b) Nature of the transaction Share purchase under the Travis Perkins
Co-Investment Plan
Price(s) Volume(s)
c) Price(s) and volume (s) 1. 12,371
£ 12.04 2. 8,097
Aggregated information
Aggregate Aggregate Aggregate
Price Volume Total
d)
-Aggregated volume 1. 12,371
1. 12,371 2. 8,097
£12.04 2. 8,097
-Price
e) Date of the transaction 14 August 2019
f) Place of the transaction n/a
Notification of Dealing Form
1 Details of the person discharging managerial responsibilities/ person
closely associated
a) Name 1. Nick Roberts
2. Patrick Knight
2 Reason for the notification
a) Position/Status 1. Chief Executive
2. Chief Information Officer
b) Initial Initial Notification in each case
notification/Amendment
Details of the issuer, emission allowance market participant, auction
3 platform, auctioneer
or auction monitor
a) Name Travis Perkins plc
b) LEI 2138001I27OUBAF22K83
Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii)
4 each type of transaction; (iii) each date; and; (iv) each place where
transaction have been
conducted
Description of the financial Ordinary Shares of 10 pence each
instrument,
a)
type of instrument
Identification code ISIN: GB0007739609
b) Nature of the transaction Investment matching award under the
Travis Perkins Co-Investment Plan
Price(s) Volume(s)
c) Price(s) and volume (s) 1. 44,985
Option Price: Nil 2. 29,443
Aggregated information
Aggregate Aggregate Aggregate
Price Volume Total
d)
-Aggregated volume 1. 44,985 1. 44,985
2. 29,443 2. 29,443
Nil
-Price
e) Date of the transaction 14 August 2019
f) Place of the transaction n/a
Notification of Dealing Form
1 Details of the person discharging managerial responsibilities/ person
closely associated
a) Name 1. Nick Roberts
2 Reason for the notification
a) Position/Status 1. Chief Executive
b) Initial Initial Notification in each case
notification/Amendment
Details of the issuer, emission allowance market participant, auction
3 platform, auctioneer
or auction monitor
a) Name Travis Perkins plc
b) LEI 2138001I27OUBAF22K83
Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii)
4 each type of transaction; (iii) each date; and; (iv) each place where
transaction have been
conducted
Description of the financial Ordinary Shares of 10 pence each
instrument,
a)
type of instrument
Identification code ISIN: GB0007739609
In each case, options over ordinary
b) Nature of the transaction shares of 10 pence each granted under the
Company's Performance Share Plan at an
option price of £12.05
Price(s) Volume(s)
c) Price(s) and volume (s) Option price: £ 12.05
1. 2,489
Aggregated information
Aggregate Aggregate Aggregate
d)
-Aggregated volume Price Volume Total
£12.05 1. 2,489 1. 2,489
-Price
e) Date of the transaction 14 August 2019
f) Place of the transaction n/a
Notification of Dealing Form
1 Details of the person discharging managerial responsibilities/ person
closely associated
a) Name 1. Nick Roberts
2 Reason for the notification
a) Position/Status 1. Chief Executive
b) Initial Initial Notification in each case
notification/Amendment
Details of the issuer, emission allowance market participant, auction
3 platform, auctioneer
or auction monitor
a) Name Travis Perkins plc
b) LEI 2138001I27OUBAF22K83
Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii)
4 each type of transaction; (iii) each date; and; (iv) each place where
transaction have been
conducted
Description of the financial Ordinary Shares of 10 pence each
instrument,
a)
type of instrument
Identification code ISIN: GB0007739609
In each case, options over ordinary
b) Nature of the transaction shares of 10 pence each granted under the
Company's Performance Share Plan at a nil
option price
Price(s) Volume(s)
c) Price(s) and volume (s) Option price: Nil
1. 132,447
Aggregated information
Aggregate Aggregate Aggregate
d)
-Aggregated volume Option Price Volume Total
Nil 1. 132,447 1. 132,447
-Price
e) Date of the transaction 14 August 2019
f) Place of the transaction n/a
══════════════════════════════════════════════════════════════════════════
ISIN: GB0007739609
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
Sequence No.: 16944
EQS News ID: 858415
End of Announcement EQS News Service
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