Last checked at 26 Jun 2013 11:00
Tyman plc
Deferred Share Awards and Directors' Dealing
Tyman plc ("Tyman" or the "Company"), the international supplier of components to the door and window industry, announces that the Remuneration Committee of the Company has granted the following nil cost share awards in respect of the year ended 31 December 2012 (the "2012 Awards") to the Executive Directors of the Company under the Company's Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").
Name
| Number of Ordinary Shares subject to the Deferred Plan Award |
Louis Eperjesi | 43,402 |
James Brotherton | 32,986 |
Under the Deferred Plan, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options.
These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) following the publication of the Group's audited results for the year ending 31 December 2015, expected to be in March 2016. No consideration was paid for the 2012 Awards and no consideration is due to be payable on vesting.
A further 11 senior managers and executives employed by the Company and its subsidiaries have also been granted under the deferred plan either conditional share awards or nil-cost options deferred until March 2016 over a total of 38,212 Ordinary Shares.
Further enquiries:
Tyman plc
Kevin O'Connell, Company Secretary Tel: +44 (0)20 7976 8000
Canaccord Genuity - Nomad and Broker
Bruce Garrow
Adam Miller Tel: +44 (0)20 7523 8350