Last checked at 13 Jul 2016 10:00
Wednesday 13 July 2016
Trifast plc
(the "Company")
Notification of Share Awards, Application submitted to LSE/FCA, Total Voting Rights and Transaction of Person Discharging Managerial Responsibility
Notification of Share Awards
The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee granted the following deferred share bonus awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary shares") under the terms of the Year End 2016 Deferred Equity Executive Bonus Scheme. 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 deferred share bonus awards1 |
Malcolm Diamond | Executive Chairman | 170,233 |
Jim Barker | Former Chief Executive Officer2 | 106,395 |
Mark Belton | Chief Executive Officer3 | 191,512 |
Clare Foster | Chief Financial Officer 4 | 85,116 |
Geoff Budd | Managing Director, TR Europe | 161,721 |
Glenda Roberts | Group Sales Director | 153,209 |
Tan Thiam Boon (Thomas) | Consultant, TR Asia5 | 95,354 |
1 Calculated using a share price of £1.18 being the average share price over the three-month period prior to the end of the financial year to which the 'Year End 2016 Deferred Equity Executive Bonus Scheme' relates
2 Retired as Chief Executive on 30 September 2015
3 Appointed, 1 October 2015, previously Chief Financial Officer
4 Appointed, 1 October 2015
5 Retired as Managing Director of TR Asia on 31 December 2015, however remains a Consultant with the Company. Mr Tan was and is not a member of the Main Trifast plc Board.
The Company also announces that, it has issued a total of 1,050,044 Ordinary Shares at nil consideration to good leavers, pursuant to the 'Company's Year End 2014 Deferred Equity Executive Bonus Scheme', the 'Year End 2015 Deferred Equity Executive Bonus Scheme' and, the 'Year End 2016 Deferred Equity Executive Bonus Scheme'. Tan Thiam Boon (Thomas), a Person Discharging Managerial Responsibilities (PDMR) was issued 425,579 of these share awards. Tan Thiam Boon currently holds a total interest in 425,579 Ordinary Shares representing 0.36% of the issued share capital of the Company.
Application submitted
Application has been made to the UK Listing Authority and the London Stock Exchange for a listing of 1,050,044 Ordinary Shares. These new Ordinary Shares are being issued and allotted pursuant to the Company's 'Year End 2014 Deferred Equity Executive Bonus Scheme', the 'Year End 2015 Deferred Equity Executive Bonus Scheme' and, the 'Year End 2016 Deferred Equity Executive Bonus Scheme' and will rank equally with the existing issued Ordinary Shares.
Total Voting Rights (TVR)
Following Admission, which is expected to take place on 15 July 2016, the Company's total issued share capital will be 117,822,616 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the total number of voting rights in the Company will be 117,822,616. This 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 Financial Conduct Authority's Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (PDMR)
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Tan Thiam Boon | ||||
2. | Reason for the notification | |||||
a. | Position/status | Consultant (Former TR Asia 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 | 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 each
ISIN: GB0008883927 | ||||
b. | Nature of the transaction | Shares released under the Year End 2014 Deferred Equity Executive Bonus Scheme and the Year End 2015 Deferred Equity Executive Bonus Scheme and the Year End 2016 Deferred Equity Executive Bonus Scheme
| ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
425,579
Nil | ||||
e. | Date of the transaction | 2016-07-15 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
Enquiries:
Trifast plc
Lyndsey Case
Company Secretary
Tel: +44 (0) 1825 769696
www.trifast.com