REG - Trifast PLC - Disclosure of transactions by PDMR
RNS Number : 7425GTrifast PLC25 July 2019
Thursday, 25 July 2019
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 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
223,557
Clare Foster
Chief Financial Officer
171,274
Glenda Roberts
Group Sales Director
155,048
1 Calculated using a share price of £2.08 being the closing share price on 22 July 2019 (the last business day prior to the grant date of 23 July 2019).
Enquiries:
Trifast plc
Lyndsey Case
Company Secretary
Tel: +44 (0) 1825 769696
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
GB0008883927b)
Nature of the transaction
Grant of Award under the Trifast plc Employee Share Plan 2014*
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
223,557
d)
Aggregated information
Aggregated volume
Price
223,557 Ordinary Shares of 5 pence each
Nil consideration
e)
Date of the transaction
23 July 2019
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
GB0008883927b)
Nature of the transaction
Grant of Award under the Trifast plc Employee Share Plan 2014*
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
171,274
d)
Aggregated information
Aggregated volume
Price
171,274 Ordinary Shares of 5 pence each
Nil consideration
e)
Date of the transaction
23 July 2019
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 and Marketing 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
GB0008883927b)
Nature of the transaction
Grant of Award under the Trifast plc Employee Share Plan 2014*
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
155,048
d)
Aggregated information
Aggregated volume
Price
155,048 Ordinary Shares of 5 pence each
Nil consideration
e)
Date of the transaction
23 July 2019
f)
Place of the transaction
Outside a trading venue
*subject to vesting criteria as set out in the 2019 Annual Report
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