Last checked at 21 Apr 2023 07:00
TYMAN PLC
("Tyman" or the "Company" or the "Group")
DIRECTOR/PDMR SHAREHOLDINGS
Tyman plc, a leading international supplier of engineered fenestration components and access solutions to the construction industry, announces that it received notice on 19 April 2023 that Jason Ashton, Interim Chief Executive Officer of Tyman, exercised options over 104,940 ordinary shares of 5p each in the Company ("Ordinary Shares") under Tyman's Long Term Incentive Plan (the "LTIP").
In accordance with the Group's policy, this exercise was satisfied through the transfer of Ordinary Shares from the Tyman Employees Benefit Trust. The shares are subject to a further two-year holding period until the 25 March 2025. The release under the LTIP includes additional shares received in lieu of dividends, which are subject to tax.
Following the exercise Jason Ashton received a total of 104,940 Ordinary Shares of which 49,446 were sold at a price of £2.39 per share to satisfy costs and tax liabilities and 55,494 were retained in accordance with the Company's holding requirements.
The following disclosure is made in accordance with Article 19 of EU Market Abuse Regulation No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
1
| Details of the persons discharging managerial responsibilities / person closely associated
| |||
a)
| Names
| JASON ASHTON
| ||
2
| Reason for the notification: | |||
a)
| Position/status
| INTERIM CHIEF EXECUTIVE OFFICER
| ||
b)
| Initial notification /Amendment
| INITIAL NOTIFICATION | ||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||
a)
| Name
| TYMAN PLC | ||
b)
| LEI
| 213800AAFUV5PKGQU848 | ||
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 | ORDINARY SHARES OF 5P EACH
| ||
Identification code | ISIN NUMBER:GB00B29H4253 | |||
b)
| Nature of the transaction | A. EXERCISE OF LTIP SHARE OPTIONS.
B. SALE OF SHARES TO SATISFY THE TAX LIABILITY AND FEES ARISING FROM AN EXERCISE OF LTIP SHARE OPTIONS.
| ||
c) | Prices (s) and volume(s) | Price | Volume | |
A | £Nil | 104,940 | ||
B | £2.39 | 49,446 | ||
d)
| Aggregated information | A. 104,940 options over Ordinary Shares at £Nil Cost per share
B. 49,446 Ordinary Shares, sold at a price of £2.39 per Ordinary Share, totalling £118,241.80
| ||
- Volume - Price - Total | ||||
e)
| Date of the transaction
| 19 APRIL 2023 | ||
f)
| Place of the transaction | LONDON STOCK EXCHANGE | ||
21 April 2023
Enquiries: | |
Tyman plc | 020 7976 8000 |
Peter Ho - General Counsel & Company Secretary | www.tymanplc.com |