30 Apr 2019 14:47
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company announces that on 30 April 2019, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each ("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 DSBP rules.
1. Name | 2. No. of Shares subject to DSBP | 3. Exercise dates | 4. Lapse Dates |
Martin Payne | 15,741 | 30/04/2021 (50%) 30/04/2022 (50%) | 30 April 2029 |
Paul James | 6,766 | 30/04/2021 (50%) 30/04/2022 (50%) | 30 April 2029 |
Glen Sabin | 8,053 | 30/04/2021 (50%) 30/04/2022 (50%) | 30 April 2029 |
For further information on the DSBP, please refer to the 2018 Annual Report and Accounts which is available at www.polypipe.com
The notifications below, which have 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.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Martin Payne | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive 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
| Grant of an award, structured as a nil cost option, on 30 April 2019, vesting on 30 April 2021 (50%) and 30 April 2022 (50%), exercisable for 10 years from the date of grant. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 30 April 2019 | ||||
f)
| Place of the transaction
| Outside a Trading Venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul James
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial 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
| Grant of an award, structured as a nil cost option, on 30 April 2019, vesting on 30 April 2021 (50%) and 30 April 2022 (50%), exercisable for 10 years from the date of grant. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 30 April 2019 | ||||
f)
| Place of the transaction
| Outside a Trading Venue | ||||
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
| Grant of an award, structured as a nil cost option, on 30 April 2019, vesting on 30 April 2021 (50%) and 30 April 2022 (50%), exercisable for 10 years from the date of grant. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 30 April 2019 | ||||
f)
| Place of the transaction
| Outside a Trading Venue | ||||
Contacts:
Emma Versluys, Company Secretary | +44 (0) 1709 770 000 |