REG - Tyman PLC - Director/PDMR Shareholding

TymanAnnouncement

30/05/2024 18:15

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RNS Number : 5442Q  Tyman PLC  30 May 2024

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 29 May 2024 that Jason Ashton, Chief Financial Officer
of Tyman, exercised options over 28,265 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 29 May 2026. 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 28,265 Ordinary Shares
of which 13,318 were sold at a price of £3.66 per share to satisfy costs
and tax liabilities and 14,947 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                                              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                                    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                        28,265
      B                                                                                        £3.66                       13,318

 d)   Aggregated information                                       A. 28,265 options over Ordinary Shares at £Nil Cost per share

                                                                   B. 13,318 Ordinary Shares, sold at a price of £3.66 per Ordinary Share,
                                                                   totalling £48,677.81.

      - Volume

      - Price

      - Total

 e)   Date of the transaction                                      29 May 2024

 f)   Place of the transaction                                     LONDON STOCK EXCHANGE

 

 30 May 2024

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

 

 

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