Tyman PLC Deferred Share Awards and Directors' Dealings (4699A)
24 March 2017 - 10:30PM
UK Regulatory
TIDMTYMN
RNS Number : 4699A
Tyman PLC
24 March 2017
TYMAN PLC
("Tyman" or the "Company")
Deferred Share Awards and Directors' Dealings
Tyman plc, a leading international supplier of engineered
components to the door and window industry, announces that the
Remuneration Committee of the Company has granted the following nil
cost share awards on 23 March 2017 in respect of the year ended 31
December 2016 (the "2016 Awards") to the two Executive Directors of
the Company under the Company's Deferred Share Bonus Plan ("DSBP")
over ordinary shares of 5 pence each in the Company ("Ordinary
Shares").
Name Number of Ordinary Shares
subject to the Deferred
Plan Award
------------------ --------------------------
Louis Eperjesi 58,581
------------------ --------------------------
James Brotherton 36,152
------------------ --------------------------
Under the DSBP, 50 per cent. of Executive Director bonuses that
would otherwise have been payable are instead delivered in the form
of either conditional share awards or nil-cost options.
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
2019, expected to be in March 2020. No consideration was paid for
the 2016 Awards and no consideration is due to be payable on
vesting.
A further 15 senior managers and executives employed by the
Company and its subsidiaries have also been granted under the DSBP
either conditional share awards or nil-cost options deferred until
March 2020 over a total of 99,481 Ordinary Shares.
24 March 2017
Enquiries:
Tyman plc 020 7976 8000
Carolyn Gibson - Company Secretary www.tymanplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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