Last checked at 5 May 2021 07:00
Tyman plc 5 May 2021
Director/PDMR Shareholding
Vesting of Award
As announced on 1 April 2019, Tyman plc (the "Company") granted an award of ordinary shares (the "Award) to Jo Hallas in reliance on Listing Rule 9.4.2(2) and in accordance with the Company's current Directors' Remuneration Policy. The Award was granted in connection with Jo's recruitment and her appointment as the Company's CEO and was intended to compensate her for unvested LTIP awards granted to her by her former employer that were forfeited on her joining the Company.
The Award comprised of two tranches: the first tranche vested on 30 April 2020 and the second tranche vested on 30 April 2021. In each case, vesting was subject to Jo's continued service in the Company.
Jo acquired 166,679 shares (this comprised of the original award of 156,814 shares and 9,865 dividend equivalent shares) for nil consideration under the second tranche of the Award. This vesting was satisfied in accordance with the Group's policy through the transfer of shares from the Tyman Employees Benefit Trust.
Jo sold 78,536 shares at £4.29 per share to cover her tax liability and dealing costs that arose on the vesting of the Award, and has retained all the remaining shares.
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 person discharging managerial responsibilities / person closely associated
| ||||||||
a)
| Name
| JO HALLAS | |||||||
2
| Reason for the notification:
| ||||||||
a)
| Position/status
| 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 5p EACH
| |||||||
Identification code | ISIN NUMBER:GB00B29H4253 | ||||||||
b)
| Nature of the transaction | SALES OF SHARES TO SATISFY THE TAX LIABILITY AND FEES ARISING FROM A VESTING OF SHARES AWARDED IN RELIANCE OF LR 9.4.2(2) | |||||||
c) | Prices (s) and volume(s) |
| |||||||
d)
| Aggregated information | ||||||||
- Aggregated volume | 78,536 shares | ||||||||
- Price | £4.29 per share | ||||||||
e)
| Date of the transaction
| 30 April 2021 | |||||||
f)
| Place of the transaction | LONDON STOCK EXCHANGE | |||||||