Tyman PLC Director/PDMR Shareholding (9601S)
15 March 2023 - 3:16AM
UK Regulatory
TIDMTYMN
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 GBP2.461.
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 GBP2.461.
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:
Details of the persons discharging managerial responsibilities
1 / person closely associated
a) Names i. JO HALLAS
ii. JASON ASHTON
--------------------------------------- ----------------------------------------------------
Reason for the notification: AWARD OF OPTIONS
2
---------------------------------------------------------------------------------------------
a) Position/status i. CHIEF EXECUTIVE OFFICER
ii. CHIEF FINANCIAL OFFICER
--------------------------------------- ----------------------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
--------------------------------------- ----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------
a) Name TYMAN PLC
--------------------------------------- ----------------------------------------------------
b) LEI 213800AAFUV5PKGQU848
--------------------------------------- ----------------------------------------------------
Details of the transaction(s): section to be repeated
4 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 ORDINARY SHARES OF 5P EACH
the financial
instrument, type
of instrument
Identification ISIN NUMBER:GB00B29H4253
code
b) Nature of the NIL COST OPTIONS GRANTED UNDER TYMAN PLC
transaction DEFERRED SHARE BONUS PLAN
--------------------------------------- ----------------------------------------------------
c) Prices (s) and Price Volume
volume(s)
--------------------------------------- ----------- ---------------- ---------------------
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 OUTSIDE OF TRADING VENUE
transaction
--------------------------------------- ----------------------------------------------------
Details of the persons discharging managerial responsibilities
1 / person closely associated
---------------------------------------------------------------------------------------------
a) Names i. JO HALLAS
ii. JASON ASHTON
--------------------------------------- ----------------------------------------------------
Reason for the notification: AWARD OF OPTIONS
2
---------------------------------------------------------------------------------------------
a) Position/status i. CHIEF EXECUTIVE OFFICER
ii. CHIEF FINANCIAL OFFICER
--------------------------------------- ----------------------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
--------------------------------------- ----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------
a) Name TYMAN PLC
--------------------------------------- ----------------------------------------------------
b) LEI 213800AAFUV5PKGQU848
--------------------------------------- ----------------------------------------------------
Details of the transaction(s): section to be repeated
4 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 ORDINARY SHARES OF 5P EACH
the financial
instrument, type
of instrument
Identification ISIN NUMBER:GB00B29H4253
code
b) Nature of the NIL COST OPTIONS GRANTED SUBJECT TO PERFORMANCE
transaction CONDITIONS UNDER TYMAN PLC LONG TERM INCENTIVE
PLAN
--------------------------------------- ----------------------------------------------------
c) Prices (s) and Price Volume
volume(s)
--------------------------------------- ----------- ---------------- ---------------------
i. Nil 351,991
-------------------------------------------- ----------- ---------------- ---------------------
ii. Nil 183,705
-------------------------------------------- ----------- ---------------- ---------------------
d) Aggregated information
- Aggregated - 535,696
volume
- Price - Nil
e) Date of the transaction 10 March 2023
--------------------------------------- ----------------------------------------------------
f) Place of the OUTSIDE OF TRADING VENUE
transaction
--------------------------------------- ----------------------------------------------------
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
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