REG - Tyman PLC - Director/PDMR Shareholding
RNS Number : 5330XTyman PLC05 May 2021Tyman plc 5 May 2021
Director/PDMR Shareholding
Vesting of Award
As announced on 1 April 2019, Tyman plc (the "Company") granted an award of ordinary shares (the "Award) to Jo Hallas in reliance on Listing Rule 9.4.2(2) and in accordance with the Company's current Directors' Remuneration Policy. The Award was granted in connection with Jo's recruitment and her appointment as the Company's CEO and was intended to compensate her for unvested LTIP awards granted to her by her former employer that were forfeited on her joining the Company.
The Award comprised of two tranches: the first tranche vested on 30 April 2020 and the second tranche vested on 30 April 2021. In each case, vesting was subject to Jo's continued service in the Company.
Jo acquired 166,679 shares (this comprised of the original award of 156,814 shares and 9,865 dividend equivalent shares) for nil consideration under the second tranche of the Award. This vesting was satisfied in accordance with the Group's policy through the transfer of shares from the Tyman Employees Benefit Trust.
Jo sold 78,536 shares at £4.29 per share to cover her tax liability and dealing costs that arose on the vesting of the Award, and has retained all the remaining shares.
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 person discharging managerial responsibilities / person closely associated
a)
Name
JO HALLAS
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
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 5p EACH
Identification code
ISIN NUMBER:GB00B29H4253
b)
Nature of the transaction
SALES OF SHARES TO SATISFY THE TAX LIABILITY AND FEES ARISING FROM A VESTING OF SHARES AWARDED IN RELIANCE OF LR 9.4.2(2)
c)
Prices (s) and volume(s)
Price(s)
Volume(s)
£4.29
78,536
d)
Aggregated information
- Aggregated volume
78,536 shares
- Price
£4.29 per share
e)
Date of the transaction
30 April 2021
f)
Place of the transaction
LONDON STOCK EXCHANGE
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHQZLFBFELEBBE
Recent news on Tyman
See all newsREG-Charles Schwab Investment Management, Inc. Form 8.3 - TYMAN PLC
AnnouncementREG - UBS AG (EPT) Quanex Building Prod Tyman PLC - Form 8.5 (EPT/RI) Tyman Plc
AnnouncementREG - Geode Capital Mgmnt Tyman PLC Quanex Building Prod - Form 8.3 - Quanex Building Products Corporation
AnnouncementREG - Barclays PLC Tyman PLC - Form 8.3 - TYMAN PLC
AnnouncementREG - BlackRock Group Tyman PLC - Form 8.3 - Tyman plc
Announcement