REG - Tyman PLC - Director/PDMR Shareholding

TymanAnnouncement

04/05/2020 16:15

RNS Number : 8646L
  
Tyman PLC
  
04 May 2020
  
 

Tyman plc                                                                                                               4 May 2020
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 vested on 30 April 2020; and, the second tranche is due to vest 30 April 2021. In each case, vesting is subject to Jo's continued service in the Company.
Jo acquired 165,062 shares (this comprised of the original award of 156,813 shares and 8,249 dividend equivalent shares) for nil consideration under the first 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 77,735 shares at £1.69031 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.
 



1.


Details of PDMR / person closely associated with them ("PCA")




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)


Legal Entity Identifier


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


ORDINARY SHARES OF 5P EACH IN TYMAN PLC
 




Identification code


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)


Price(s) and volume(s)





Price(s)


Volume(s)




£1.69031


77,735



 
 




d)


Aggregated information 
-     Aggregated volume 
-     Aggregated price 


 
 
 
77,735 shares
 
£1.69031 per share
 




e)


Dates of the transactions


30 APRIL AND 1 MAY 2020




f)


Place of the transactions


LONDON STOCK EXCHANGE



 
For further information:
 
Peter Ho
General Counsel & Company Secretary
020 7976 8000


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