Last checked at 23 Jul 2018 16:20
Monday, 23 July 2018
Trifast plc
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities
The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee has granted the following LTIP awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary Shares") under the terms of the Employee Share Plan and these awards have been accepted by the Executive Directors. The scheme includes a three-year vesting period for these awards as well as an ongoing corporate performance requirement for the period until vesting. No payment will be made for the grant or vesting of these awards.
Name | Position | Number of LTIP awards1 |
Mark Belton | Chief Executive Officer | 200,000 |
Clare Foster | Chief Financial Officer | 153,333 |
Glenda Roberts | Group Sales Director | 140,000 |
1 Calculated using a share price of £2.25 being the closing share price on 20 July 2018 (the last business day prior to the grant date of 23 July 2018).
Enquiries: |
Trifast plc |
Lyndsey Case Company Secretary Tel: +44 (0) 1825 769696 www.trifast.com |
The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mark Belton | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Trifast plc | ||||
b) | LEI | 213800WFIVE6RWK3CR22 | ||||
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 5 pence eachGB0008883927 | ||||
b) | Nature of the transaction | Grant of Award under the Employee Share Plan* | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
200,000 Ordinary Shares of 5 pence eachNil consideration
| ||||
e) | Date of the transaction | 23 July 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Clare Foster | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Trifast plc | ||||
b) | LEI | 213800WFIVE6RWK3CR22 | ||||
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 5 pence eachGB0008883927 | ||||
b) | Nature of the transaction | Grant of Award under the Employee Share Plan* | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
153,333 Ordinary Shares of 5 pence eachNil consideration
| ||||
e) | Date of the transaction | 23 July 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Glenda Roberts | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Sales Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Trifast plc | ||||
b) | LEI | 213800WFIVE6RWK3CR22 | ||||
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 5 pence eachGB0008883927 | ||||
b) | Nature of the transaction | Grant of Award under the Employee Share Plan* | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
140,000 Ordinary Shares of 5 pence each Nil consideration
| ||||
e) | Date of the transaction | 23 July 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
*subject to vesting criteria as set out in the 2018 Annual Report