23 Jun 2020 14:57
Polypipe Group plc (the "Company")
Notification of transactions by Person Discharging Managerial Responsibilities
The Company announces that on 22 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, exercised the following options:
1. a nil-cost option over 35,768 Shares in accordance with the Long Term Incentive Plan Award granted to him on 10 May 2016. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
2. a nil-cost option over 16,380 Shares in accordance with the Long Term Incentive Plan Award granted to him on 2 May 2017. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
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
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Glen Sabin
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Operating Officer/Director and PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Polypipe Group plc | ||||
b)
| LEI
| 2138005IF1N2RKJ6KO18 | ||||
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 of the financial instrument, type of instrument
Identification code
| Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
| ||||
b)
| Nature of the transaction
| Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options as follows: Long Term Incentive Plan ("2016 LTIP") award granted on 10 May 2016 Long Term Incentive Plan ("2017 LTIP") award granted on 2 May 2017
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 22 June 2020 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000