REG - Trifast PLC - Director/PDMR Shareholding

TrifastAnnouncement

23/07/2018 16:25

RNS Number : 4937V
Trifast PLC
23 July 2018
 


 
Monday, 23 July 2018
 
 
Trifast plc
(the "Company")
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities
 
The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee has granted the following LTIP awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary Shares") under the terms of the Employee Share Plan and these awards have been accepted by the Executive Directors.  The scheme includes a three-year vesting period for these awards as well as an ongoing corporate performance requirement for the period until vesting.  No payment will be made for the grant or vesting of these awards.
 



Name


Position


Number of LTIP awards1




Mark Belton


Chief Executive Officer


200,000




Clare Foster


Chief Financial Officer


153,333




Glenda Roberts


Group Sales Director


140,000



 
1 Calculated using a share price of £2.25 being the closing share price on 20 July 2018 (the last business day prior to the grant date of 23 July 2018).
 
 



Enquiries:




Trifast plc




Lyndsey Case
Company Secretary
Tel: +44 (0) 1825 769696
www.trifast.com



 
 
The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Mark Belton




2


Reason for the notification




a)


Position/status


Chief Executive Officer




b)


Initial notification/Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Trifast plc




b)


LEI


213800WFIVE6RWK3CR22




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
Identification code


Ordinary Shares of 5 pence each

GB0008883927




b)


Nature of the transaction


Grant of Award under the Employee Share Plan*




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


200,000








d)


Aggregated information



Aggregated volume




Price






 
200,000 Ordinary Shares of 5 pence each

Nil consideration
 




e)


Date of the transaction


23 July 2018




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Clare Foster




2


Reason for the notification




a)


Position/status


Chief Financial Officer




b)


Initial notification/Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Trifast plc




b)


LEI


213800WFIVE6RWK3CR22




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
Identification code


Ordinary Shares of 5 pence each

GB0008883927




b)


Nature of the transaction


Grant of Award under the Employee Share Plan*




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


153,333








d)


Aggregated information



Aggregated volume




Price






 
153,333 Ordinary Shares of 5 pence each

Nil consideration
 




e)


Date of the transaction


23 July 2018




f)


Place of the transaction


Outside a trading venue



 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Glenda Roberts




2


Reason for the notification




a)


Position/status


Group Sales Director




b)


Initial notification/Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Trifast plc




b)


LEI


213800WFIVE6RWK3CR22




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
Identification code


Ordinary Shares of 5 pence each

GB0008883927




b)


Nature of the transaction


Grant of Award under the Employee Share Plan*




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


140,000








d)


Aggregated information



Aggregated volume




Price






 
140,000 Ordinary Shares of 5 pence each
Nil consideration
 




e)


Date of the transaction


23 July 2018




f)


Place of the transaction


Outside a trading venue



 
*subject to vesting criteria as set out in the 2018 Annual Report




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