Diploma Regulatory News (DPLM)

DIPLOMA PLC

12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: +44 (0)20 7549 5700

FACSIMILE: +44 (0)20 7549 5715

FOR IMMEDIATE RELEASE

7 December 2018

DIPLOMA PLC (the "Company")

DIRECTOR / PDMR EXERCISE AND GRANT OF LTIP AWARD

Diploma PLC has been notified that NP Lingwood has exercised in full, his options over Ordinary Shares of 5p each in the Company ("Shares") which vested in connection with share awards granted on 17 December 2015 under the Diploma PLC 2011 Performance Share Plan ("PSP"). As a consequence, NP Lingwood became entitled to acquire 73,063 Shares in the Company as set out below.

These nil cost options relate to the three-year performance period ended 30 September 2018, details of which are set out in the Annual Report & Accounts of the Company which has today been circulated to Shareholders and are available on the website at www.diplomaplc.com.

The 73,063 Shares awarded to NP Lingwood have been reduced by 34,340 Shares as part of arrangements under which the Company will settle his PAYE liability which arises as a result of the exercise of the options. As a result, NP Lingwood received 38,723 net vested shares.

The Remuneration Committee has today approved the grant to NP Lingwood of 61,917 PSP Award Shares at a share price of £12.09 under the Diploma PLC 2011 Performance Share Plan ("PSP").

The Award made today is subject to the achievement of performance conditions measured over a three-year performance period ending 30 September 2021 and the numbers of Ordinary Shares shown above represent the maximum number of shares over which these Awards may vest.

A summary of the PSP, including the performance conditions relating to these Awards, is also set out in the Annual Report & Accounts 2018 that has been sent to Shareholders today and are available on the Company's website at www.diplomaplc.com. 

The notification set out below has been made in accordance with Article 19 of the EU Market Abuse Regulation.