REG - Tyman PLC - Director/PDMR Shareholding

TymanAnnouncement

30/03/2023 09:15

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RNS Number : 7652U  Tyman PLC  30 March 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 the 27th March 2023 that Jo Hallas, Chief Executive
Officer of Tyman, exercised options over 146,853 ordinary shares of 5p each in
the Company ("Ordinary Shares") under the 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 25th March
2025. The release under the LTIP includes additional shares received in lieu
of dividends, which are subject to tax.

Following the exercise Jo Hallas received a total of 146,853 Ordinary Shares
of which 69,194 were sold at a price of £2.40 per share to satisfy costs and
tax liabilities and 77,659 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                                                        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 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                        146,853
      B                                                                                        £2.40                       69,194

 d)   Aggregated information                                       A. 146,853 options over Ordinary Shares at £Nil Cost per share

                                                                   B. 69,194 Ordinary Shares, sold at a price of £2.40 per Ordinary Share,
                                                                   totalling £166,065.60

      - Volume

      - Price

      - Total

 e)   Date of the transaction                                      27 March 2023

 f)   Place of the transaction                                     LONDON STOCK EXCHANGE

 

 30 March 2023

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

 

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