Polypipe Group PLC Director/PDMR Shareholding (9377M)
03 May 2018 - 1:14AM
UK Regulatory
TIDMPLP
RNS Number : 9377M
Polypipe Group PLC
02 May 2018
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial
Responsibilities
The Company announces that on 2 May 2018, an award under the
Company's Deferred Share Bonus Plan ("DSBP") was granted over
Ordinary Shares of GBP0.001 each ("Shares") as set out in the table
below. The award was made in the form of a nil-cost option which is
exercisable for 10 years from the date of grant, unless the
exercise period is shortened in accordance with the DSBP rules.
1. Name 2. No. of Shares subject to DSBP 3. Exercise dates 4. Lapse Dates
Martin Payne 15,476 02/05/2020 (50%) 2 May 2028
02/05/2021 (50%)
Glen Sabin 2,964 02/05/2020 (50%) 2 May 2028
02/05/2021 (50%)
For further information on the DSBP, please refer to the 2017
Annual Report and Accounts which is available at
www.polypipe.com
The notifications below, which have been made in accordance with
the requirements of the EU Market Abuse Regulation, provides
further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Martin Payne
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer/Director
and PDMR
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Polypipe Group plc
-------------------------- ---------------------------------------
b) LEI 2138005IF1N2RKJ6KO18
-------------------------- ---------------------------------------
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 Ordinary Shares ("Shares") of GBP0.001
financial instrument, each in the capital of Polypipe Group
type of instrument plc
Identification code
GB00BKRC5K31
-------------------------- ---------------------------------------
b) Nature of the transaction Nil-cost options granted as a Deferred
Share Award on 2 May 2018, vesting
on 2 May 2020 (50%) and 2 May 2021
(50%), exercisable for 10 years from
the date of grant.
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 15,476
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 2 May 2018
-------------------------- ---------------------------------------
f) Place of the transaction Outside of a Trading Venue
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Glen Sabin
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Operating Officer/Director
and PDMR
-------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Polypipe Group plc
-------------------------- ---------------------------------------
b) LEI 2138005IF1N2RKJ6KO18
-------------------------- ---------------------------------------
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 Ordinary Shares ("Shares") of GBP0.001
financial instrument, each in the capital of Polypipe Group
type of instrument plc
Identification code
GB00BKRC5K31
-------------------------- ---------------------------------------
b) Nature of the transaction Nil-cost options granted as a Deferred
Share Award on 2 May 2018, vesting
on 2 May 2020 (50%) and 2 May 2021
(50%), exercisable for 10 years from
the date of grant.
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,964
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 2 May 2018
-------------------------- ---------------------------------------
f) Place of the transaction Outside of a Trading Venue
-------------------------- ---------------------------------------
Contact:
+44 (0) 1709 770
Emma Versluys, Company Secretary 000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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