26 Jun 2020 16:19
Polypipe Group plc (the "Company")
Notification of transactions by Persons Discharging Managerial Responsibilities
The Company announces that on 26 June 2020, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, acquired 651 Shares in lieu of dividends payable, following the exercise of the Awards granted to him on 25 April 2017 and 2 May 2018 under the Deferred Share Bonus Plan, details of which were announced on 18 June 2020.
The Company also announces that on 26 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, acquired 57 Shares in lieu of dividends payable, following the exercise of the Award granted to him on 2 May 2018 under the Deferred Share Bonus Plan, details of which were also announced on 18 June 2020.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide 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
| 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
| Acquisition of Shares in lieu of dividends for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan award granted on 25 April 2017 (" 2017 DSBP") Deferred Share Bonus Plan award granted on 2 May 2018 ("2018 DSBP")
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 26 June 2020 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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 in lieu of dividends for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan ("DSBP") award granted on 2 May 2018
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 26 June 2020 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000