8 Sep 2014 16:16
8 September 2014
Polypipe Group plc
(the "Company")
Notification of Transaction by Persons
Discharging Managerial Responsibilities
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 8 September 2014.
1. Long Term Incentive Plan
On 8 September 2014, an award under the Company's Long Term Incentive Plan (the "LTIP Plan") was granted over Shares as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the LTIP Plan rules.
For further information on the LTIP Plan, please refer to the prospectus published on 11 April 2014.
1. Name | 2. Status | 3. No. of Shares subject to LTIP | 4. Lapse Date | 5. Market value of shares awarded |
Simon Howard | PDMR | 25,490 | 8 September 2024 | £65,000 |
Contacts:
Polypipe Group plc Peter Shepherd, Chief Financial Officer +44 (0) 1709 770 000
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