Last checked at 20 Mar 2020 16:31
TYMAN PLC
("Tyman" or the "Group" or the "Company")
Deferred Share Awards and Directors' Dealings
Tyman plc, a leading international supplier of engineered fenestration components and access solutions to the construction 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 2019 (the "2019 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 Award1 |
Jo Hallas | 29,740 |
Jason Ashton | 17,155 |
1 Number of shares calculated by reference to the 5-day average closing price subsequent to the announcement of the full-year results (5 trading days ended 11th March 2020) of £2.352.
Under the DSBP, 50% of Executive Director bonuses that would otherwise have been payable in cash are instead delivered in the form of 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 2022, expected to be in March 2023. No consideration was paid for the 2019 Awards and no consideration is due to be payable on vesting.
A further 3 executive managers employed by the Company and its subsidiaries have also been granted under the DSBP nil-cost options deferred until March 2023 over a total of 22,127 Ordinary Shares.
20 March 2020
Enquiries: | |
Tyman plc | 020 7976 8000 |
Kevin O'Connell - Company Secretary | www.tymanplc.com |