REG - Tyman PLC - Director/PDMR Shareholding

TymanAnnouncement

14/03/2023 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230314:nRSN9601Sa&default-theme=true

RNS Number : 9601S  Tyman PLC  14 March 2023

TYMAN PLC

("Tyman" or the "Company" or the "Group")

 

DIRECTOR/PDMR SHAREHOLDINGS

 

Tyman plc announces that it has been notified of the following transactions in
the Company's ordinary 5p shares ("Ordinary Shares") undertaken by the
Executive Directors and PDMRs, Jo Hallas, CEO and Jason Ashton, CFO.

 

DEFERRED SHARE BONUS PLAN (THE "DSBP")

 

On 10 March 2023 the following shares were awarded in respect of the year
ended

31 December 2022 (the "2022 Awards") under the Company's DSBP, in the form of
nil cost options.

 Name          Shares awarded(1)
 Jo Hallas     36,875
 Jason Ashton  19,245

(1) Number of shares calculated by reference to the 5-day average closing
price prior to the date that shares were awarded (5 trading days ended 9(th)
March 2023) of £2.461.

 

Under the Company's annual bonus scheme, 50% of Executive Director bonuses
that would otherwise have been payable in cash are instead delivered as
deferred shares under the DSBP.

 

These awards will normally vest (together with dividend equivalents in cash or
Ordinary Shares) following the publication of the Group's audited results for
the year ending

31 December 2025, expected to be in March 2026. No consideration was paid for
the 2022 Awards and no consideration is due to be payable on vesting.

 

LONG TERM INCENTIVE PLAN (THE "LTIP")

On 10 March 2023 ("Award Date"), the following shares were awarded under the
Company's LTIP, in the form of nil cost options (the "2023 Awards"):

 Name          Shares awarded(1)
 Jo Hallas     351,991
 Jason Ashton  183,705

(1) Number of shares calculated by reference to the 5-day average closing
price prior to the date that shares were awarded (5 trading days ended 9(th)
March 2023) of £2.461.

 

Performance conditions

 

The vesting of the 2023 Awards is subject to the satisfaction of performance
conditions set by the Remuneration Committee of the Company, as disclosed in
the 2022 Annual Report and Accounts, to be published on 3 April 2023. Awards
granted to the Executive Directors that vest shall be subject to a compulsory
holding period of five years from the Award Date.

 

2023 Awards are expected to vest in March 2026, following the announcement of
the Company's results for the year ended 31 December 2025, subject to
fulfilment of the performance conditions and continued employment in the
Group, and the holding requirement is expected to expire in March 2028.

 

Timetable and Awards Outstanding

 

The details of the Awards are set out below:

 1    Details of the persons discharging managerial responsibilities / person

    closely associated

 a)   Names                                                        i.          JO HALLAS

                                                                   ii.          JASON ASHTON

 2    Reason for the notification: AWARD OF OPTIONS

 a)   Position/status                                              i.          CHIEF EXECUTIVE OFFICER

                                                                   ii.         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                                                         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                                    NIL COST OPTIONS GRANTED UNDER TYMAN PLC DEFERRED SHARE BONUS PLAN

 c)   Prices (s) and volume(s)                                                                Price                      Volume
      i.                                                                                      Nil                        36,875
      ii.                                                                                     Nil                        19,245
 d)   Aggregated information

      - Aggregated volume                                          - 56,120

      - Price                                                      - Nil

 e)   Date of the transaction                                      10 March 2023

 f)   Place of the transaction                                     OUTSIDE OF TRADING VENUE

 1    Details of the persons discharging managerial responsibilities / person

    closely associated

 a)   Names                                                        i.          JO HALLAS

                                                                   ii.          JASON ASHTON

 2    Reason for the notification: AWARD OF OPTIONS

 a)   Position/status                                              i.          CHIEF EXECUTIVE OFFICER

                                                                   ii.         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                                                         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                                    NIL COST OPTIONS GRANTED SUBJECT TO PERFORMANCE CONDITIONS UNDER TYMAN PLC

                                                                 LONG TERM INCENTIVE PLAN

 c)   Prices (s) and volume(s)                                                                Price                      Volume
      i.                                                                                      Nil                        351,991
      ii.                                                                                     Nil                        183,705
 d)   Aggregated information

      - Aggregated volume                                          - 535,696

      - Price                                                      - Nil

 e)   Date of the transaction                                      10 March 2023

 f)   Place of the transaction                                     OUTSIDE OF TRADING VENUE

 

This 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.

 

 

 

14 March 2023

 Enquiries:
 Tyman plc                                           020 7976 8000
 Peter Ho - General Counsel & Company Secretary      www.tymanplc.com

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQZLFFXXLFBBX