Tyman PLC Director/PDMR Shareholding (7652U)
30 March 2023 - 7:10PM
UK Regulatory
TIDMTYMN
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 GBP2.40 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.
Details of the persons discharging managerial responsibilities
1 / person closely associated
a) Names JO HALLAS
--------------------------------------- -----------------------------------------------------------
Reason for the notification:
2
----------------------------------------------------------------------------------------------------
a) Position/status CHIEF EXECUTIVE 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 A. EXERCISE OF LTIP SHARE OPTIONS.
transaction
B. SALE OF SHARES TO SATISFY THE TAX LIABILITY
AND FEES ARISING FROM AN EXERCISE OF LTIP
SHARE OPTIONS.
--------------------------------------- -----------------------------------------------------------
c) Prices (s) and Price Volume
volume(s)
--------------------------------------- ------- ------------------------- -----------------------
A GBPNil 146,853
------- ---------------------------------------------------------------------- -----------------------
B GBP2.40 69,194
------- ---------------------------------------------------------------------- -----------------------
d) Aggregated information A. 146,853 options over Ordinary Shares at
GBPNil Cost per share
B. 69,194 Ordinary Shares, sold at a price
of GBP2.40 per Ordinary Share, totalling
GBP166,065.60
- Volume
- Price
- Total
e) Date of the transaction 27 March 2023
--------------------------------------- -----------------------------------------------------------
f) Place of the LONDON STOCK EXCHANGE
transaction
--------------------------------------- -----------------------------------------------------------
30 March 2023
Enquiries:
Tyman plc 020 7976 8000
Peter Ho - General Counsel & Company Secretary www.tymanplc.com
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END
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