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Last checked at 
31 Oct 2022 07:00
31 October 2022
Strip Tinning Holdings plc
("Strip Tinning" or the "Company")
Issue of Shares under Share Incentive Plan
Director/PDMR Dealings
Total Voting Rights
Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce that, on 30 October 2022, the Board of Directors approved the issue of 322,345 ordinary shares (the "SIP Shares") of 1 penny each in the Company ("Ordinary Shares") under the Strip Tinning Holdings PLC Share Incentive Plan (the "SIP") to certain employees and PDMRs of the Company. The SIP Shares represent approximately2.1% of the current issued share capital of the Company
The SIP (details of which were included in the Company's admission document) has been a longstanding ambition of the Board and rewards staff for their loyalty, while creating shared ownership of the business among key employees. The grants made on 31 October 2022 are in the form of "Free Share" awards to employees who have worked at the company for a minimum of 6 months up to a maximum value of £3,600 worth of Ordinary Shares in the Company.
The Company have established an employee benefit trust, called The Strip Tinning Holdings PLC Share Incentive Plan Trust ("SIP Trust"), and appointed Global Shares Trustees (UK) Limited ("SIP Trustee") as the trustee of the SIP Trust. The Free Shares will be held in the SIP Trust for a period of three years before being released to participants and will usually be forfeited if, during the holding period, the participant in question ceases employment other than in specific circumstances.
The Company's Executive Directors do not currently participate in the SIP and did not receive an award of Free Shares.
PDMR dealings
Details of the number of SIP Shares issued to PDMRs of the Company and their resulting interest in the capital of the Company are set out below:
PDMR | Title | Number of SIP Shares awarded | Resulting holding in the Company | % of issued share capital |
Steve O'Connor
| Group Sales Director | 4,966 | 370,575 | 2.4% |
Mark Perrins
| Group Managing Director | 414 | 13,523 | 0.1% |
Admission to trading and total voting rights
Application has been made for the SIP Shares (which will rank pari pasu in all respects with the existing ordinary shares of the Company) to be admitted to trading on AIM ("Admission") and it is expected that Admission to AIM will become effective on or around 1 November 2022.
Following the issue of SIP Shares, the Company will have 15,459,714 Ordinary Shares in issue and the total number of voting shares in Strip Tinning Holdings plc will be 15,459,714.
The above figure of 15,459,714 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the share capital of Strip Tinning Holdings plc under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Notification of Dealing Forms required in accordance with UK MAR are set out below.
Enquiries:
Strip Tinning Holdings plc Via Alma PR
Richard Barton, Chief Executive Officer
Adam Le Van, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Sole Broker) +44 (0) 20 7496 3000
Rick Thompson
Will Goode
Alex Bond
James Fischer
Alma PR (Financial PR) striptinning@almapr.co.uk
Josh Royston +44 (0) 20 3405 0205
Joe Pederzolli
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Steve O'Connor | |
2 | Reason for the notification | ||
a) | Position/status | Managing Director | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Strip Tinning Holdings plc | |
b) | LEI | 894500GS6N5D41R6H966 | |
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 of 1 pence each
GB00BMHN9M05 | |
b) | Nature of the transaction | Purchase of Ordinary Shares | |
c)
| Price(s) and volume(s)
| Price | Volume |
72.5 pence | 4,966 Ordinary Shares | ||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction | |
e) | Date of the transaction | 31 October 2022 | |
f) | Place of the transaction | London Stock Exchange | |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Mark Perrins | |
2 | Reason for the notification | ||
a) | Position/status | Managing Director | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Strip Tinning Holdings plc | |
b) | LEI | 894500GS6N5D41R6H966 | |
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 of 1 pence each
GB00BMHN9M05 | |
b) | Nature of the transaction | Purchase of Ordinary Shares | |
c)
| Price(s) and volume(s)
| Price | Volume |
72.5 pence | 414 Ordinary Shares | ||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction | |
e) | Date of the transaction | 31 October 2022 | |
f) | Place of the transaction | London Stock Exchange | |
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