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24 May 2018 16:27
Polypipe Group plc (the "Company")
Notification of transaction by Person Discharging Managerial Responsibilities
The Company announces that today, 24 May 2018, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 11,035 ordinary shares of Β£0.001 each in the capital of the Company ('Shares'), in accordance with the Deferred Share Award that was granted to him on 31 May 2016, full details of which were included in a regulatory announcement released on 31 May 2016 and in the Company's 2016 Annual Report and Accounts. The Company's Employee Benefit Trust has today transferred 5,849 Shares to Mr. Payne which represents the net number of Shares due to him after the addition of dividend shares and the appropriate tax and national insurance liabilities were taken into account. Mr. Payne now holds an interest in a total of 115,575 Shares in the Company.
The notification below, which has 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 with them
1 Β | Details of the person discharging managerial responsibilities / person closely associated Β | |||||
a) Β | Name Β Β | Martin Payne Β | ||||
2 Β | Reason for the notification Β | |||||
a) Β | Position/status Β Β | Chief Executive Officer/Director and PDMR | ||||
b) Β | Initial notification /Amendment Β Β | Initial notification | ||||
3 Β | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Β | |||||
a) Β | Name Β Β | Polypipe Group plc | ||||
b) Β | LEI Β Β | 2138005IF1N2RKJ6KO18 | ||||
4 Β | 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 Β Β | |||||
a) Β | Description of the financial instrument, type of instrument Β Identification code Β Β | Ordinary Shares ("Shares") of Β£0.001 each in the capital of Polypipe Group plc Β Β GB00BKRC5K31 Β | ||||
b) Β | Nature of the transaction Β Β | Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options granted as a Deferred Share Award on 31 May 2016. | ||||
c) Β | Price(s) and volume(s) Β Β | Β
Β Β | ||||
d) Β | Aggregated information Β Β - Aggregated volume Β Β - Price Β Β | N/A Β Β Β Β Β Β Β | ||||
e) Β | Date of the transaction Β Β | 24 May 2018 | ||||
f) Β | Place of the transaction Β Β | Outside of a Trading Venue | ||||
Β
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
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