Trifast Regulatory News (TRI)

Tuesday, 16 June 2015

Trifast plc

("Trifast" or the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

As part of Trifast's remuneration policy, the bonus scheme includes both a cash and deferred share element, the latter ensuring a continued focus on longer term corporate performance. This is the case for the year ended 31 March 2015, further details of which will be set out in the Company's 2015 Annual Report.

The results announced earlier today confirm that it was an impressive year for Trifast. Given this, and the fact that the actual performance achieved significantly exceeded all of the performance metrics that had been set with regard to the deferred share element within the bonus scheme, the Remuneration Committee has determined its value to be set at the maximum possible for each Executive (100% of base salary). On 16 June 2015, the following Executive Directors were therefore granted Deferred Share Bonus awards in the form of shares under the terms of the Annual Bonus Plan.  No payment has been made for the grant of these awards and they have no value at grant.

* Calculated using a share price of £1.04 being the average share price over the three month period prior to the end of the financial year to which the Annual Bonus Plan relates

^ThomasTan is an Executive Director of TR Asia Investment Holdings Pte Ltd and does not sit on the main Trifast plc Board

The Annual Bonus Plan includes a three year vesting period for these awards as well as an ongoing corporate performance requirement for the period till vesting.