STG Strip Tinning Holdings Plc

TIDMSTG

RNS Number : 5735E

Strip Tinning Holdings PLC

31 October 2022

31 October 2022

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Issue of Shares under Share Incentive Plan

Director/PDMR Dealings

Total Voting Rights

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce that, on 30 October 2022, the Board of Directors approved the issue of 322,345 ordinary shares (the "SIP Shares") of 1 penny each in the Company ("Ordinary Shares") under the Strip Tinning Holdings PLC Share Incentive Plan (the "SIP") to certain employees and PDMRs of the Company. The SIP Shares represent approximately2.1% of the current issued share capital of the Company

The SIP (details of which were included in the Company's admission document) has been a longstanding ambition of the Board and rewards staff for their loyalty, while creating shared ownership of the business among key employees. The grants made on 31 October 2022 are in the form of "Free Share" awards to employees who have worked at the company for a minimum of 6 months up to a maximum value of GBP3,600 worth of Ordinary Shares in the Company.

The Company have established an employee benefit trust, called The Strip Tinning Holdings PLC Share Incentive Plan Trust ("SIP Trust"), and appointed Global Shares Trustees (UK) Limited ("SIP Trustee") as the trustee of the SIP Trust. The Free Shares will be held in the SIP Trust for a period of three years before being released to participants and will usually be forfeited if, during the holding period, the participant in question ceases employment other than in specific circumstances.

The Company's Executive Directors do not currently participate in the SIP and did not receive an award of Free Shares.

PDMR dealings

Details of the number of SIP Shares issued to PDMRs of the Company and their resulting interest in the capital of the Company are set out below:

 
 PDMR              Title               Number of      Resulting      % of issued 
                                      SIP Shares     holding in    share capital 
                                         awarded    the Company 
                   Group Sales 
 Steve O'Connor     Director               4,966        370,575             2.4% 
                  ----------------  ------------  -------------  --------------- 
                   Group Managing 
 Mark Perrins       Director                 414         13,523             0.1% 
                  ----------------  ------------  -------------  --------------- 
 

Admission to trading and total voting rights

Application has been made for the SIP Shares (which will rank pari pasu in all respects with the existing ordinary shares of the Company) to be admitted to trading on AIM ("Admission") and it is expected that Admission to AIM will become effective on or around 1 November 2022.

Following the issue of SIP Shares, the Company will have 15,459,714 Ordinary Shares in issue and the total number of voting shares in Strip Tinning Holdings plc will be 15,459,714.

The above figure of 15,459,714 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the share capital of Strip Tinning Holdings plc under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Notification of Dealing Forms required in accordance with UK MAR are set out below.

Enquiries:

Strip Tinning Holdings plc Via Alma PR

Richard Barton, Chief Executive Officer

Adam Le Van, Chief Financial Officer

   Singer Capital Markets (Nominated Adviser and Sole Broker)                    +44 (0) 20 7496 3000 

Rick Thompson

Will Goode

Alex Bond

James Fischer

Alma PR (Financial PR) striptinning@almapr.co.uk

Josh Royston +44 (0) 20 3405 0205

Joe Pederzolli

 
   1   Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                          Steve O'Connor 
      ----------------------------  ------------------------------------ 
  2    Reason for the notification 
      ------------------------------------------------------------------ 
 a)    Position/status               Managing Director 
      ----------------------------  ------------------------------------ 
 b)    Initial notification          Initial Notification 
        /Amendment 
      ----------------------------  ------------------------------------ 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------ 
 a)    Name                          Strip Tinning Holdings plc 
      ----------------------------  ------------------------------------ 
 b)    LEI                           894500GS6N5D41R6H966 
      ----------------------------  ------------------------------------ 
  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 of 1 pence each 
        financial instrument, 
        type of instrument 
                                      GB00BMHN9M05 
        Identification code 
      ----------------------------  ------------------------------------ 
 b)    Nature of the transaction     Purchase of Ordinary Shares 
      ----------------------------  ------------------------------------ 
 c)    Price(s) and volume(s)          Price              Volume 
      ----------------------------  -----------  ----------------------- 
                                     72.5 pence   4,966 Ordinary Shares 
      ----------------------------  -----------  ----------------------- 
 d)    Aggregated information        N/A - single transaction 
 
        - Aggregated volume 
 
        - Price 
      ----------------------------  ------------------------------------ 
 e)    Date of the transaction       31 October 2022 
      ----------------------------  ------------------------------------ 
 f)    Place of the transaction      London Stock Exchange 
      ----------------------------  ------------------------------------ 
 
 
   1   Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                           Mark Perrins 
      -----------------------------  ----------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------ 
 a)    Position/status                Managing Director 
      -----------------------------  ----------------------------------- 
 b)    Initial notification           Initial Notification 
        /Amendment 
      -----------------------------  ----------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------ 
 a)    Name                           Strip Tinning Holdings plc 
      -----------------------------  ----------------------------------- 
 b)    LEI                            894500GS6N5D41R6H966 
      -----------------------------  ----------------------------------- 
  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 of 1 pence each 
        financial instrument, 
        type of instrument 
                                       GB00BMHN9M05 
        Identification code 
      -----------------------------  ----------------------------------- 
 b)    Nature of the transaction      Purchase of Ordinary Shares 
      -----------------------------  ----------------------------------- 
 c)    Price(s) and volume(s)            Price             Volume 
      -----------------------------  ------------  --------------------- 
                                      72.5 pence    414 Ordinary Shares 
      -----------------------------  ------------  --------------------- 
 d)    Aggregated information         N/A - single transaction 
 
        - Aggregated volume 
 
        - Price 
      -----------------------------  ----------------------------------- 
 e)    Date of the transaction        31 October 2022 
      -----------------------------  ----------------------------------- 
 f)    Place of the transaction       London Stock Exchange 
      -----------------------------  ----------------------------------- 
 

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October 31, 2022 03:00 ET (07:00 GMT)