Trifast PLC Share Awards, TVR and Transaction of PDMR (0041E)
13 July 2016 - 7:00PM
UK Regulatory
TIDMTRI
RNS Number : 0041E
Trifast PLC
13 July 2016
Wednesday 13 July 2016
Trifast plc
(the "Company")
Notification of Share Awards, Application submitted to LSE/FCA,
Total Voting Rights and Transaction of Person Discharging
Managerial Responsibility
Notification of Share Awards
The Company announces that, further to the terms set out in the
Company's Remuneration Policy, the Remuneration Committee granted
the following deferred share bonus awards to the Executive
Directors in the form of ordinary shares of 5p each in the Company
("Ordinary shares") under the terms of the Year End 2016 Deferred
Equity Executive Bonus Scheme. The scheme includes a three- year
vesting period for these awards as well as an ongoing corporate
performance requirement for the period until vesting. No payment
will be made for the grant or vesting of these awards.
Name Position Number of deferred
share bonus awards(1)
Malcolm Diamond Executive Chairman 170,233
Former Chief
Jim Barker Executive Officer(2) 106,395
Chief Executive
Mark Belton Officer(3) 191,512
Chief Financial
Clare Foster Officer (4) 85,116
Managing Director,
Geoff Budd TR Europe 161,721
Glenda Roberts Group Sales Director 153,209
Tan Thiam Consultant, TR
Boon (Thomas) Asia(5) 95,354
(1) Calculated using a share price of GBP1.18 being the average
share price over the three-month period prior to the end of the
financial year to which the 'Year End 2016 Deferred Equity
Executive Bonus Scheme' relates
(2) Retired as Chief Executive on 30 September 2015
(3) Appointed, 1 October 2015, previously Chief Financial
Officer
(4) Appointed, 1 October 2015
(5) Retired as Managing Director of TR Asia on 31 December 2015,
however remains a Consultant with the Company. Mr Tan was and is
not a member of the Main Trifast plc Board.
The Company also announces that, it has issued a total of
1,050,044 Ordinary Shares at nil consideration to good leavers,
pursuant to the 'Company's Year End 2014 Deferred Equity Executive
Bonus Scheme', the 'Year End 2015 Deferred Equity Executive Bonus
Scheme' and, the 'Year End 2016 Deferred Equity Executive Bonus
Scheme'. Tan Thiam Boon (Thomas), a Person Discharging Managerial
Responsibilities (PDMR) was issued 425,579 of these share awards.
Tan Thiam Boon currently holds a total interest in 425,579 Ordinary
Shares representing 0.36% of the issued share capital of the
Company.
Application submitted
Application has been made to the UK Listing Authority and the
London Stock Exchange for a listing of 1,050,044 Ordinary Shares.
These new Ordinary Shares are being issued and allotted pursuant to
the Company's 'Year End 2014 Deferred Equity Executive Bonus
Scheme', the 'Year End 2015 Deferred Equity Executive Bonus Scheme'
and, the 'Year End 2016 Deferred Equity Executive Bonus Scheme' and
will rank equally with the existing issued Ordinary Shares.
Total Voting Rights (TVR)
Following Admission, which is expected to take place on 15 July
2016, the Company's total issued share capital will be 117,822,616
Ordinary Shares with one voting right per share. The Company does
not hold any Ordinary Shares in Treasury. Therefore, following
Admission, the total number of voting rights in the Company will be
117,822,616. This figure may 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 Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them (PDMR)
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------------
a. Name Tan Thiam Boon
--- ------------------------------ ---------------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------------
a. Position/status Consultant (Former TR Asia 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 Trifast plc
--- ------------------------------ ---------------------------------------
b. LEI 213800WFIVE6RWK3CR22
--- ------------------------------ ---------------------------------------
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 Ordinary Shares of 5 pence each
of the
Financial ISIN: GB0008883927
instrument,
type
of instrument
Identification
code
--- ------------------------------ ---------------------------------------
b. Nature of Shares released under the Year
the transaction End 2014 Deferred Equity Executive
Bonus Scheme and the Year End 2015
Deferred Equity Executive Bonus
Scheme and the Year End 2016 Deferred
Equity Executive Bonus Scheme
--- ------------------------------ ---------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil 425,579
---------- ----------
--- ------------------------------ ---------------------------------------
d. Aggregated
information
* Aggregated volume 425,579
Nil
* Price
--- ------------------------------ ---------------------------------------
e. Date of the 2016-07-15
transaction
--- ------------------------------ ---------------------------------------
f. Place of London Stock Exchange, Main Market
the transaction (XLON)
--- ------------------------------ ---------------------------------------
Enquiries:
Trifast plc
Lyndsey Case
Company Secretary
Tel: +44 (0) 1825 769696
www.trifast.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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