Last checked at 19 Mar 2019 18:00
TYMAN PLC
("Tyman" or the "Group" 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 in respect of the year ended 31 December 2018 (the "2018 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 | 48,599 |
James Brotherton | 26,972 |
Under the DSBP, 50 per cent. of Executive Director bonuses that would otherwise have been payable in cash 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 2021, expected to be in March 2022. No consideration was paid for the 2018 Awards and no consideration is due to be payable on vesting.
A further 19 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 2022 over a total of 70,284 Ordinary Shares.
19 March 2019
Enquiries: | |
Tyman plc | 020 7976 8000 |
Carolyn Gibson - Company Secretary | www.tymanplc.com |