Last checked at 27 Jun 2014 16:13
Friday, 27 June 2014
Trifast plc
(the "Company" or "Trifast")
PDMR Exercise of Options and Share Sales
Executive Directors' holdings increase
Trifast plc (Symbol: TRI), the international fastenings group announces that on 26 June 2014, the Company issued 1,750,000 ordinary shares pursuant to the exercise of options by a number of Directors and employees under the Company's Unapproved 2009 Share Option Plan. Subsequently these ordinary shares have been successfully placed by Arden Partners plc with a number of institutions, largely in order to meet Tax and NI obligations triggered on exercise.
The Directors notified the Company of the transactions pursuant to DTR 3.1.2 on 26 June 2014. The resultant holdings of the PDMRs are as follows: |
Director | Shareholding as at 23.6.14 | Options exercised | Shares sold on 24 and 26 June respectively | Price options sold | Shareholding following the exercise of options | % of total issued share capital |
Geoffrey Budd | 307,264 | 500,000 | 146,477 110,787 | 126p 125p | 550,000 | 0.48 |
Mark Belton | 68,565 | 500,000 | 181,378 137,187 | 126p 125p | 250,000 | 0.22 |
Glenda Roberts | 29,307 | 250,000 | 73,622 55,685 | 126p 125p | 150,000 | 0.13 |
Neil Chapman (NED) | 1,507,500 | 150,000 | 85,404 64,596 | 126p 125p | 1,507,500 | 1.33 |
Thomas Tan (PDMR) | - | 250,000 | 142,340 107,660 | 126p 125p | - | - |
Following this exercise, the Executive Directors of the Company have increased their overall holdings in the Company.
As at today's date, the Directors and related party holdings in the Company total 3,564,529 ordinary shares representing 3.14% of the total ordinary share capital in the Company. |
Total Voting Rights For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital as at the today's date (27.6.14) was 113,454,406 ordinary shares of 5p each.
The total number of voting rights in the Company is therefore 113,454,406. The figure may 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 Company, under the FCA's Disclosure and Transparency Rules. |
Enquiries: | ||
Trifast plc | TooleyStreet Communications Ltd | Arden Partners plc |
Mark Belton, Group Finance Director & Company Secretary Telephone: +44 (0) 1825 747366 | IR, Corporate & Media Relations Fiona Tooley Mobile: +44 (0) 7785 703523 | Stockbrokers to the Company Chris Hardie and Katelin Kennish Telephone: +44 (0) 20 7614 5900 |
Group website: www.trifast.com LSE Listing: Ticker: TRI FTSE index sector: FTSE SmallCap and FTSE All-Share | Trifast's trading business TR Fastenings is a leading international manufacturer and distributor of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia.
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