Director/PDMR Shareholding
21/04/2023 07:00
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RNS Number : 9773W Tyman PLC 21 April 2023
TYMAN PLC
("Tyman" or the "Company" or the "Group")
DIRECTOR/PDMR SHAREHOLDINGS
Tyman plc, a leading international supplier of engineered fenestration
components and access solutions to the construction industry, announces that
it received notice on 19 April 2023 that Jason Ashton, Interim Chief Executive
Officer of Tyman, exercised options over 104,940 ordinary shares of 5p each in
the Company ("Ordinary Shares") under Tyman's Long Term Incentive Plan (the
"LTIP").
In accordance with the Group's policy, this exercise was satisfied through the
transfer of Ordinary Shares from the Tyman Employees Benefit Trust. The shares
are subject to a further two-year holding period until the 25 March 2025. The
release under the LTIP includes additional shares received in lieu of
dividends, which are subject to tax.
Following the exercise Jason Ashton received a total of 104,940 Ordinary
Shares of which 49,446 were sold at a price of £2.39 per share to satisfy
costs and tax liabilities and 55,494 were retained in accordance with the
Company's holding requirements.
The following disclosure is made in accordance with Article 19 of EU Market
Abuse Regulation No. 596/2014 as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018.
1 Details of the persons discharging managerial responsibilities / person
closely associated
a) Names JASON ASHTON
2 Reason for the notification:
a) Position/status INTERIM 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 TYMAN PLC
b) LEI 213800AAFUV5PKGQU848
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 5P EACH
Identification code ISIN NUMBER:GB00B29H4253
b) Nature of the transaction A. EXERCISE OF LTIP SHARE OPTIONS.
B. SALE OF SHARES TO SATISFY THE TAX LIABILITY AND FEES ARISING FROM AN
EXERCISE OF LTIP SHARE OPTIONS.
c) Prices (s) and volume(s) Price Volume
A £Nil 104,940
B £2.39 49,446
d) Aggregated information A. 104,940 options over Ordinary Shares at £Nil Cost per share
B. 49,446 Ordinary Shares, sold at a price of £2.39 per Ordinary Share,
totalling £118,241.80
- Volume
- Price
- Total
e) Date of the transaction 19 APRIL 2023
f) Place of the transaction LONDON STOCK EXCHANGE
21 April 2023
Enquiries:
Tyman plc 020 7976 8000
Peter Ho - General Counsel & Company Secretary www.tymanplc.com
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