Last checked at 24 Mar 2017 11:30
TYMAN PLC
("Tyman" or the "Company")
Deferred Share Awards and Directors' Dealings
Tyman plc, a leading international supplier of engineered components to the door and window industry, announces that the Remuneration Committee of the Company has granted the following nil cost share awards on 23 March 2017 in respect of the year ended 31 December 2016 (the "2016 Awards") to the two Executive Directors of the Company under the Company's Deferred Share Bonus Plan ("DSBP") 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 | 58,581 |
James Brotherton | 36,152 |
Under the DSBP, 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 2019, expected to be in March 2020. No consideration was paid for the 2016 Awards and no consideration is due to be payable on vesting.
A further 15 senior managers and executives employed by the Company and its subsidiaries have also been granted under the DSBP either conditional share awards or nil-cost options deferred until March 2020 over a total of 99,481 Ordinary Shares.
24 March 2017
Enquiries: | |
Tyman plc | 020 7976 8000 |
Carolyn Gibson - Company Secretary | www.tymanplc.com |