REG - Tyman PLC Quanex Building Prod - Director/PDMR Shareholding

TymanAnnouncement

24/07/2024 13:00

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RNS Number : 6901X  Tyman PLC  24 July 2024

TYMAN PLC

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

 

DIRECTOR/PDMR SHAREHOLDINGS

 

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.

 

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

 

 

Impact of the recommended offer for the Company

On 22 April 2024, the boards of Quanex Building Products Corporation
("Quanex") and Tyman announced (the "2.7 Announcement") that they reached
agreement on the terms of a recommended cash and share offer, pursuant to
which Quanex will acquire the entire issued and to be issued ordinary share
capital of Tyman (the "Transaction"). In this section, all capitalised terms
used shall have the same meaning as in the 2.7 Announcement, unless expressly
defined otherwise.

Pursuant to the terms agreed by Quanex and Tyman, options over Ordinary Shares
under the Deferred Share Bonus Plan (the "DSBP") vested in full and were
exercised by Jason Ashton on 24 July 2024, being the date the Court sanctioned
the scheme of arrangement for the Transaction ("Court Sanction"). Options over
Ordinary Shares under the Long Term Incentive Plan (the "LTIP") vested to the
extent determined by the Company's Remuneration Committee and were exercised
by Jason Ashton on the date of Court Sanction.  Options over Ordinary Shares
under the Company's UK Sharesave scheme were also exercised on the date of
Court Sanction, to the extent of savings made under the Company's UK Sharesave
scheme at the time of exercise.

Ordinary Shares under options exercised by Jason Ashton were as follows:

 Tyman Share Plan  Number of Ordinary Shares to be acquired on exercise  Exercise cost (£) per Ordinary Share
 DSBP              156,489                                               Nil
 LTIP              251,250                                               Nil
 Sharesave 2023    1,873                                                 £2.41

 

 

 

 1    Details of the persons discharging managerial responsibilities / person

    closely associated

 a)   Names                                                        i.          JASON ASHTON

 2    Reason for the notification

 a)   Position/status                                              i.          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 DSBP OPTIONS OVER ORDINARY SHARES.

 c)   Prices (s) and volume(s)                                                          Price                Volume
      A ii.                                                                             £NIL                 156,489
 d)   Aggregated information

      - Aggregated volume                                          ·      156,489

      - Price                                                      ·      £NIL

 e)   Date of the transaction                                      24 July 2024

 f)   Place of the transaction                                     OUTSIDE A TRADING VENUE

 

 

 

 

 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.

 c)   Prices (s) and volume(s)                                                             Price                   Volume
      A                                                                                    £Nil                    251,250

 d)   Aggregated information                                       A. 251,250 options over Ordinary Shares at £Nil Cost per share

      - Volume

      - Price

      - Total

 e)   Date of the transaction                                      24 JULY 2024

 f)   Place of the transaction                                     OUTSIDE A TRADING VENUE

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         (i)       JASON ASHTON

 2    Reason for the notification

 a)   Position/status                                              (i)       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 5 pence each

      Identification code                                          ISIN number:GB00B29H4253

 b)   Nature of the transaction                                    Exercise of an option to acquire Ordinary Shares under Tyman's UK Sharesave

                                                                 Plan

 c)   Prices (s) and volume(s)                                                          Price(s) (£)   Volume(s)
                                                                                        i.  £2.41          1,873
 d)   Aggregated information

      - Aggregated volume                                          ·      1,873

      - Price                                                      ·      £2.41

 e)   Date of the transaction                                      24 July 2024

 f)   Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

 

Aggregated information

- Aggregated volume

·      1,873

- Price

·      £2.41

e)

 

Date of the transaction

 

24 July 2024

f)

 

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

For further information:

 

Peter Ho

General Counsel & Company Secretary

020 7976 8000

 

24 July 2024

 

 

 

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