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Polypipe Group plc (the "Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 22 June 2020.
Grant of Long Term Incentive Plan awards
The Company confirms that on 22 June 2020, in accordance with its shareholder approved Remuneration Policy, it granted to each of the following Directors/PDMRs an award (structured as a nil cost option) under the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition, the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 28 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2020, are over the following maximum number of Shares in the Company:
|
Name/Position
|
Category |
|
|
|
M K Payne/Chief Executive Officer |
Director |
132,660 |
|
|
P A James/Chief Financial Officer |
Director |
67,691 |
|
|
G B Sabin/Chief Operating Officer |
Director |
66,622 |
|
|
M J Gisbourne/Group Strategy & Marketing Director |
PDMR |
25,489 |
|
|
E G Versluys/Legal Counsel & Company Secretary |
PDMR |
16,220 |
The vesting of each award is subject to the satisfaction of the following performance condition:
100% of the maximum potential award is based on a relative Total Shareholder Return ("TSR") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the TSR of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark).
This target is subject to an over-ride provision enabling the Remuneration Committee of the Company to adjust vesting outcomes based on underlying financial performance and reflects a change to past practice and the disclosure within the 2019 Directors' Remuneration Report in light of the COVID-19 pandemic, by replacing EPS with TSR for the part of the award previously subject to EPS. The Committee considers this target to be at least as challenging to those set in prior years, given performance will be measured over the normal three year period from 1 January 2020 to 31 December 2022 and operate with the same vesting profile as in prior years.
Full disclosure of the targets will be included in the 2020 Directors' Remuneration Report.
Subject to the satisfaction of the performance conditions the awards will normally vest on 22 June 2023 and remain exercisable until the tenth anniversary of the grant date.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31 |
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Gisbourne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
||||||
|
a)
|
Name
|
Emma Versluys |
|
|||||
|
2
|
Reason for the notification
|
|
||||||
|
a)
|
Position/status
|
PDMR |
|
|||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|
|||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
||||||
|
a)
|
Name
|
Polypipe Group plc |
|
|||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
|
|||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
|
|||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
|
|||||
|
c)
|
Price(s) and volume(s)
|
|
|
|||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
|||||
|
e)
|
Date of the transaction
|
22 June 2020 |
|
|||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
|
|||||
|
Contacts: Emma Versluys, Company Secretary |
+44 (0) 1709 770 000 |
|||||||
Polypipe Group plc ('the Company')
Notification of Transactions by Persons Discharging Managerial Responsibilities
The Company announces that on 22 June 2020, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.
|
1. Name |
2. No. of Shares subject to DSBP |
3. Exercise dates |
4. Lapse Date |
|
Martin Payne |
7,996 |
22/06/2022 (50%) 22/06/2023 (50%) |
22 June 2030 |
|
Paul James |
4,490 |
22/06/2022 (50%) 22/06/2023 (50%) |
22 June 2030 |
|
Glen Sabin |
4,420 |
22/06/2022 (50%) 22/06/2023 (50%) |
22 June 2030 |
For further information on the DSBP, please refer to the 2019 Annual Report and Accounts which is available at www.polypipe.com
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's Deferred Share Bonus Plan, on 22 June 2020, vesting on 22 June 2022 (50%) and 22 June 2023 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR
|
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's Deferred Share Bonus Plan, on 22 June 2020, vesting on 22 June 2022 (50%) and 22 June 2023 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR
|
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's Deferred Share Bonus Plan, on 22 June 2020, vesting on 22 June 2022 (50%) and 22 June 2023 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Contacts:
|
Emma Versluys, Company Secretary |
+44 (0) 1709 770 000 |
Polypipe Group plc (the "Company")
Notification of transaction by Person Discharging Managerial Responsibilities
The Company announces that today, 8 August 2017, Martin Payne, a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 24,352 ordinary shares of £0.001 each in the capital of the Company ('Shares'), in accordance with the Deferred Share Award that was granted to him on 31 May 2016, full details of which were included in a regulatory announcement released on 31 May 2016. The Company's Employee Benefit Trust has today transferred 12,907 Shares to Mr. Payne which represents the net number of Shares due to him after the addition of dividend shares and the appropriate tax and national insurance liabilities were taken into account. Mr. Payne now holds an interest in a total of 69,726 Shares in the Company.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options granted as a Deferred Share Award on 31 May 2016. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
8 August 2017 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Enquiries:
Martin Payne, Chief Financial Officer
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc (the "Company")
Notification of transactions by Person Discharging Managerial Responsibilities
The Company announces that on 22 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, exercised the following options:
1. a nil-cost option over 35,768 Shares in accordance with the Long Term Incentive Plan Award granted to him on 10 May 2016. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
2. a nil-cost option over 16,380 Shares in accordance with the Long Term Incentive Plan Award granted to him on 2 May 2017. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options as follows: Long Term Incentive Plan ("2016 LTIP") award granted on 10 May 2016 Long Term Incentive Plan ("2017 LTIP") award granted on 2 May 2017
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc (the "Company")
Notification of transaction by Person Discharging Managerial Responsibilities
The Company announces that today, 24 May 2018, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 11,035 ordinary shares of £0.001 each in the capital of the Company ('Shares'), in accordance with the Deferred Share Award that was granted to him on 31 May 2016, full details of which were included in a regulatory announcement released on 31 May 2016 and in the Company's 2016 Annual Report and Accounts. The Company's Employee Benefit Trust has today transferred 5,849 Shares to Mr. Payne which represents the net number of Shares due to him after the addition of dividend shares and the appropriate tax and national insurance liabilities were taken into account. Mr. Payne now holds an interest in a total of 115,575 Shares in the Company.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options granted as a Deferred Share Award on 31 May 2016. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
24 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Emma Versluys |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Company Secretary and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
5,217
£17,998.65
|
||||
|
e)
|
Date of the transaction
|
29 October 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Emma Versluys |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Company Secretary and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Exercise of options granted in 2017 under the Polypipe plc 2014 Sharesave Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
5,806
£17,998.60
|
||||
|
e)
|
Date of the transaction
|
2 November 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin and Joanne Sabin |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR and person closely associated |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Exercise of options granted in 2017 under the Polypipe plc 2014 Sharesave Plan and transfer of shares acquired to PCA, Joanne Sabin |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
2,322
£7,198.20
|
||||
|
e)
|
Date of the transaction
|
2 November 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc (the "Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 2 May 2018.
Grant of Long Term Incentive Plan awards
The Company confirms that on 2 May 2018, in accordance with its shareholder approved Remuneration Policy, it granted to each of the following Directors/PDMRs an award (structured as a nil cost option) under the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition, the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 19 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2018, are over the following maximum number of Shares in the Company:
|
Name/Position
|
Category |
|
|
|
M K Payne /Chief Executive Officer |
Director |
143,671 |
|
|
P A James/Chief Financial Officer |
Director |
70,536 |
|
|
G B Sabin/Chief Operating Officer |
Director |
73,506 |
|
|
M V Fenson/Business Development Director |
PDMR |
21,233 |
|
|
E G Versluys/Company Secretary |
PDMR |
14,033 |
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative underlying diluted basis with cumulative targets equivalent to growth of 5% p.a. required to reach the minimum threshold of 25% and 12% p.a. growth to reach the maximum of 100% against 2017 performance.
The TSR and EPS elements are both measured over the three-year period commencing on 1 January 2018.
Subject to the satisfaction of the performance conditions the awards will normally vest on 2 May 2021 and remain exercisable until the tenth anniversary of the grant date.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31 |
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Vince Fenson |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
||||||
|
a)
|
Name
|
Emma Versluys |
|
|||||
|
2
|
Reason for the notification
|
|
||||||
|
a)
|
Position/status
|
PDMR |
|
|||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|
|||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
||||||
|
a)
|
Name
|
Polypipe Group plc |
|
|||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
|
|||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
|
|||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
|
|||||
|
c)
|
Price(s) and volume(s)
|
|
|
|||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
|||||
|
e)
|
Date of the transaction
|
2 May 2018 |
|
|||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
|
|||||
|
Contact: Emma Versluys, Company Secretary |
+44 (0) 1709 770 000 |
|||||||
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Divisional Director/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
7 September 2017 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Emma Versluys
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Company Secretary/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
7 September 2017 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 772284
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company announces that on 2 May 2018, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.
|
1. Name |
2. No. of Shares subject to DSBP |
3. Exercise dates |
4. Lapse Dates |
|
Martin Payne |
15,476 |
02/05/2020 (50%) 02/05/2021 (50%) |
2 May 2028 |
|
Glen Sabin |
2,964 |
02/05/2020 (50%) 02/05/2021 (50%) |
2 May 2028 |
For further information on the DSBP, please refer to the 2017 Annual Report and Accounts which is available at www.polypipe.com
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Nil-cost options granted as a Deferred Share Award on 2 May 2018, vesting on 2 May 2020 (50%) and 2 May 2021 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR
|
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Nil-cost options granted as a Deferred Share Award on 2 May 2018, vesting on 2 May 2020 (50%) and 2 May 2021 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2018 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Contact:
|
Emma Versluys, Company Secretary |
+44 (0) 1709 770 000 |
Polypipe Group plc (the "Company")
Notification of transactions by Persons Discharging Managerial Responsibilities
The Company announces that on 26 June 2020, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, acquired 651 Shares in lieu of dividends payable, following the exercise of the Awards granted to him on 25 April 2017 and 2 May 2018 under the Deferred Share Bonus Plan, details of which were announced on 18 June 2020.
The Company also announces that on 26 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, acquired 57 Shares in lieu of dividends payable, following the exercise of the Award granted to him on 2 May 2018 under the Deferred Share Bonus Plan, details of which were also announced on 18 June 2020.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares in lieu of dividends for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan award granted on 25 April 2017 (" 2017 DSBP") Deferred Share Bonus Plan award granted on 2 May 2018 ("2018 DSBP")
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
26 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares in lieu of dividends for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan ("DSBP") award granted on 2 May 2018
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
26 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company announces that on 30 April 2019, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.
|
1. Name |
2. No. of Shares subject to DSBP |
3. Exercise dates |
4. Lapse Dates |
|
Martin Payne |
15,741 |
30/04/2021 (50%) 30/04/2022 (50%) |
30 April 2029 |
|
Paul James |
6,766 |
30/04/2021 (50%) 30/04/2022 (50%) |
30 April 2029 |
|
Glen Sabin |
8,053 |
30/04/2021 (50%) 30/04/2022 (50%) |
30 April 2029 |
For further information on the DSBP, please refer to the 2018 Annual Report and Accounts which is available at www.polypipe.com
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, on 30 April 2019, vesting on 30 April 2021 (50%) and 30 April 2022 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR
|
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, on 30 April 2019, vesting on 30 April 2021 (50%) and 30 April 2022 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR
|
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, on 30 April 2019, vesting on 30 April 2021 (50%) and 30 April 2022 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Contacts:
|
Emma Versluys, Company Secretary |
+44 (0) 1709 770 000 |
Polypipe Group plc (the "Company')
Notification of Transactions by Persons Discharging Managerial Responsibilities
The Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 30 April 2019.
Grant of Long Term Incentive Plan awards
The Company confirms that on 30 April 2019, in accordance with its shareholder approved Remuneration Policy, it granted to each of the following Directors/PDMRs an award (structured as a nil cost option) under the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition, the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 20 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2019, are over the following maximum number of Shares in the Company:
|
Name/Position
|
Category |
|
|
|
M K Payne /Chief Executive Officer |
Director |
134,421 |
|
|
P A James/Chief Financial Officer |
Director |
68,590 |
|
|
G B Sabin/Chief Operating Officer |
Director |
67,507 |
|
|
M V Fenson/Business Development Director |
PDMR |
19,500 |
|
|
E G Versluys/Legal Counsel & Company Secretary |
PDMR |
16,435 |
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative underlying diluted basis with cumulative targets equivalent to growth of 4% p.a. required to reach the minimum threshold of 25% and 10% p.a. growth to reach the maximum of 100% against 2018 performance.
The TSR and EPS elements are both measured over the three-year period commencing on 1 January 2019.
Subject to the satisfaction of the performance conditions the awards will normally vest on 30 April 2022 and remain exercisable until the tenth anniversary of the grant date.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31 |
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Vince Fenson |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
30 April 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
||||||
|
a)
|
Name
|
Emma Versluys |
|
|||||
|
2
|
Reason for the notification
|
|
||||||
|
a)
|
Position/status
|
PDMR |
|
|||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|
|||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
||||||
|
a)
|
Name
|
Polypipe Group plc |
|
|||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
|
|||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
|
|||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
|
|||||
|
c)
|
Price(s) and volume(s)
|
|
|
|||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
|||||
|
e)
|
Date of the transaction
|
30 April 2019 |
|
|||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
|
|||||
|
Contacts: Emma Versluys, Legal Counsel & Company Secretary |
+44 (0) 1709 770 000 |
|||||||
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 26 April 2016.
Deferred Share Bonus Plan (DSBP)
On 26 April 2016, an award under the Company's DSBP was granted over Shares as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.
For further information on the DSBP, please refer to the prospectus published on 11 April 2014.
|
1. Name |
2. Status |
3. No. of Shares subject to DSBP |
4. Lapse Date |
5. Market value of shares awarded |
|
David Hall |
PDMR |
31,174 |
26 April 2026 |
£92,899 |
|
Peter Shepherd |
PDMR |
16,128 |
26 April 2026 |
£48,060 |
Contacts:
|
Polypipe Group plc Peter Shepherd, Chief Financial Officer +44 (0) 1709 770 000
|
|
|
Polypipe Group plc (the "Company")
Notification of Transaction by Persons
Discharging Managerial Responsibilities
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 10 May 2016.
Grant of Long Term Incentive Plan awards.
The Company confirms that on 10 May 2016, in accordance with its shareholder approved Remuneration Policy and to align the interests of the Senior Management Team with shareholders, it granted to each of the following PDMRs an award (structured as a nil-cost option) under the rules of the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 19 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2016, are over the following maximum number of Shares in the Company:
|
Name/Position
|
|
Market value of Shares awarded |
|
|
D G Hall/Chief Executive Officer |
194,340 |
£558,145 |
|
|
G B Sabin/MD Plumbing Division |
40,738 |
£117,000 |
|
|
M V Fenson/Business Development |
26,985 |
£77,500 |
Martin Payne will join the Company on 16 May 2016 as CFO Designate and will be appointed a director of the Company on 25 May 2016 and it is intended that an award under the same scheme be made to him in due course, which will be subject to separate announcement.
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative diluted basis with cumulative targets equivalent to growth of 5% p.a. required to reach the minimum threshold of 25% and 12% p.a. growth to reach the maximum of 100% against 2015 performance restated as to include a full year of Nuaire's contribution to earnings.
The TSR element is measured over the 3 year period from the date of the award and the EPS element is measured over the period 1 January 2016 to 31st December 2018.
Subject to the satisfaction of the performance conditions the awards will normally vest on 10 May 2019 and remain exercisable until the tenth anniversary of the grant date.
Contacts:
|
Polypipe Group plc Peter Shepherd, Chief Financial Officer +44 (0) 1709 770 000 |
Polypipe Group plc (the "Company")
Notification of Transaction by Persons
Discharging Managerial Responsibilities
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares").
Grant of Long Term Incentive Plan award
The Company confirms that on 31 May 2016, in accordance with its shareholder approved Remuneration Policy and to align the interests of the Senior Management Team with shareholders, it granted to the following PDMR an award (structured as a nil-cost option) under the rules of the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). This award, which has been granted in respect of the financial year beginning on 1 January 2016, is over the following maximum number of Shares in the Company:
|
Name/Position
|
|
Market value of Shares awarded |
|
|
Martin Payne/Chief Financial Officer |
77,743 |
£250,800 (88% of salary*) |
*the LTIP has been reduced from 100% of salary on a pro-rata basis to reflect the part of the 2016 financial year which has elapsed prior to Mr. Payne commencing employment with the Company.
The vesting of this award is subject to the satisfaction of the following performance conditions, both of which will be measured over a three year performance period:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative diluted basis with cumulative targets equivalent to growth of 5% p.a. required to reach the minimum threshold of 25% and 12% p.a. growth to reach the maximum of 100% against 2015 performance restated as to include a full year of Nuaire's contribution to earnings.
Subject to the satisfaction of the performance conditions the awards will normally vest on 31 May 2019 and remain exercisable until the tenth anniversary of the grant date.
Grant of other share awards
In addition, certain buy-out arrangements were agreed to partially compensate Martin Payne for bonus and long-term incentive awards which were forfeited when he left his previous employer Norcros plc. The buy-out arrangements were structured in accordance with the principles set out in our Policy, in particular that they should be of comparable commercial value to the incentives which have been forfeited.
The buy-out arrangements comprise:
3. A bonus payment of an estimated equivalent value to the bonus Mr Payne would have received from his previous employer in relation to the year of his departure. To provide alignment with shareholders, the compensatory bonus award was granted on 31 May 2016 wholly in the form of Polypipe shares (structured as a nil cost option) as set out below. These shares will vest in two equal tranches on the second and third anniversaries of Mr Payne's appointment subject to continued employment but no further performance conditions.
|
Number of Shares |
Date of Vesting |
|
24,900* |
16 May 2018 |
|
24,900* |
16 May 2019 |
*these elements qualify for additional shares in respect of the Company's dividends with a record date after the date Mr Payne commenced employment with the Company.
The number of shares awarded has been calculated using the average of the middle market closing price of the Company for the three dealing days starting on 25 May 2016.
4. An award of Polypipe shares (structured as a nil cost option) on 31 May 2016 of an estimated equivalent value to the shares Mr Payne would have received from his previous employer in relation to Approved Performance Share Plan (APSP) awards due to vest in 2016 and 2017 taking into account all relevant factors including time elapsed and performance to date for the APSP awards. The compensatory share award will vest on the same dates that the original APSP awards would have vested, subject to continued employment but no further performance conditions. No compensatory award was granted in respect of Mr Payne's APSP award due to vest in 2018.
|
Number of Shares |
Date of Vesting |
|
50,601 |
27 September 2016 |
|
23,684* |
23 July 2017 |
*these elements qualify for additional shares in respect of the Company's dividends with a record date after the date Mr Payne commenced employment with the Company.
The number of shares awarded has been calculated using the average of the middle market closing prices of both the Company and Norcros plc for the three dealing days starting on 25 May 2016.
The buy-out awards will be reduced (down to zero, as the case may be) to take account of the benefit to Mr. Payne in the event that he receives any payments in respect of, or is able to benefit from, awards made by his previous employer under its bonus arrangements and its APSP and/or relevant malus events.
The Company confirms that, under Listing Rule 9.4.2 (2), the awards set out above do not require prior shareholder approval.
Contacts:
|
Polypipe Group plc David Hall, Chief Executive Officer +44 (0) 1709 770 000 |
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons
Polypipe Group plc ("the Company") confirms it has been notified that Mr Martin Payne, an Executive Director of the Company, has on 7 June 2016 acquired an interest in 30,000 Ordinary Shares of £0.001 each of the Company at a price of £3.17 per share.
Following this transaction, Mr Payne is interested in 30,000 Ordinary Shares of £0.001 each, representing 0.015% of the total voting rights of the Company.
This announcement is given in fulfilment of the obligation under 3.1.4 R(1)(a).
For further information, please contact:
|
Polypipe |
+44 (0) 1709 770 000 |
|
David Hall, Chief Executive Officer Martin Payne, Chief Financial Officer |
|
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons
POLYPIPE GROUP plc ("the Company") was today informed that Mark Hammond, a Non-Executive Director of the Company, had on 28 June 2016 acquired an interest in 15,000 Ordinary Shares of 0.001 pence each of the Company at a price of 261 pence per share.
Following this transaction, Mr Hammond is interested in 15,000 Ordinary Shares of 0.001 pence each representing 0.0075% of the total voting rights of the Company.
This announcement is given in fulfilment of the obligation under 3.1.4 R(1)(a).
For further information, please contact:
|
Polypipe |
+44 (0) 1709 770 000 |
|
David Hall, Chief Executive Officer Martin Payne, Chief Financial Officer |
|
Polypipe Group plc (the "Company")
Notification of transactions by Person Discharging Managerial Responsibilities
The Company announces that on 16 September 2020, Paul James, Chief Financial Officer and a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 30,755 ordinary shares of £0.001 each in the capital of the Company ('Shares') in accordance with the Deferred Share Award that was granted to him on 21 March 2018.
Full details of the Award were included in a regulatory announcement released on 21 March 2018 and in the Company's 2017 Annual Report and Accounts. The Company's Employee Benefit Trust has today transferred 16,300 Shares to Mr James which represents the net number of Shares due to him after the appropriate tax and national insurance liabilities were taken into account.
The notification below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options comprised in the Deferred Share Award ("DSA") granted on 21 March 2018
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 September 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Joanne Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PCA of Glen Sabin, Managing Director, Plumbing Division |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
N/A |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Sale in order to satisfy personal tax liabilities |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
5 September 2016 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
||||
Enquiries:
Martin Payne
Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Managing Director, Plumbing Division |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
N/A |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Sale in order to satisfy personal tax liabilities |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
5 September 2016 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
||||
Enquiries:
Martin Payne
Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
N/A |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of options under the Polypipe Group plc Savings Related Share Option Plan. The options are exercisable from 15 September 2019. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
15 September 2016 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Enquiries:
Martin Payne
Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Ronald Marsh
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chairman/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
N/A |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Purchase of 75,000 Ordinary shares |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
19 September 2016 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
Enquiries:
Martin Payne
Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc (the "Company")
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company announces that it received notification on 21 March 2018 of changes in the interests of Paul James, Chief Financial Officer and a director of the Company, in the Ordinary Shares of £0.001 each in the Company ("Shares"), as set out below.
Certain buy-out arrangements were agreed by the Remuneration Committee of the Company to partially compensate Paul James for bonus and long-term incentive awards which were forfeited when he left his previous employer, Dixons Carphone plc. The buy-out arrangements were structured in accordance with the principles set out in the Company's approved Remuneration Policy, in particular that they should be of comparable commercial value to the incentives which have been forfeited.
The buy-out arrangements comprise:
1. A bonus payment of an estimated equivalent value to the bonus Mr. James would have received from his previous employer in relation to the year of his departure. To provide alignment with shareholders, the compensatory bonus award was granted on 21 March 2018 wholly in the form of Shares (structured as a nil cost option) as set out below. These Shares will vest in two equal tranches on the second and third anniversaries of Mr. James's appointment, subject to continued employment but no further performance conditions.
|
Number of Shares |
Date of Vesting |
|
27,445* |
5 March 2020 |
|
27,445* |
5 March 2021 |
*these elements qualify for additional Shares in respect of the Company's dividends with a record date after the date Mr. James commenced employment with the Company.
The number of Shares awarded has been calculated using the average of the middle market closing price of the Company for the three dealing days starting on 16 March 2018.
The buy-out award will be reduced (down to zero, as the case may be) to take account of: (a) the actual bonus payable to Mr. James in respect of the financial year ending 30 April 2018; (b) any payments which Mr. James receives from his previous employer under its bonus arrangements; and/or (c) relevant malus events.
2. An award of Shares (structured as a nil cost option) on 21 March 2018 of an estimated equivalent value to the shares Mr. James would have received from his previous employer in relation to a Restricted Share Award due to vest in 2020. The compensatory share award will vest on the same date that the original Restricted Share Award would have vested, subject to continued employment but no further performance conditions.
|
Number of Shares |
Date of Vesting |
|
30,755 |
30 June 2020 |
The number of Shares awarded has been calculated using the average of the middle market closing prices of both the Company and Dixons Carphone plc for the three dealing days starting on 16 March 2018.
The Company confirms that, under Listing Rule 9.4.2 (2), the awards set out above do not require prior shareholder approval.
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over 85,645 shares in connection with recruitment to the role of Chief Financial Officer |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
85,645
Nil
|
||||
|
e)
|
Date of the transaction
|
21 March 2018 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
21 March 2018
Contact:
Emma Versluys 01709 770000
Company Secretary
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
4 October 2018 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Vince Fenson
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Business Development Director/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
4 October 2018 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 772284
Polypipe Group plc (the "Company")
Notification of transactions by Person Discharging Managerial Responsibilities
The Company announces that today, 2 December 2016, Martin Payne, a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 50,601 ordinary shares of £0.001 each in the capital of the Company ('Shares'), in accordance with the Deferred Share Award that was granted to him on 31 May 2016, full details of which were included in a regulatory announcement released on 31 May 2016. The Company's Employee Benefit Trust has today transferred 26,819 Shares to Mr. Payne which represents the net number of Shares due to him after appropriate tax and national insurance liabilities were taken into account. Mr. Payne now holds an interest in a total of 56,819 Shares in the Company.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options granted as a Deferred Share Award on 31 May 2016. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 December 2016 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Enquiries:
David Hall, Chief Executive Officer
Martin Payne, Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company announces that on 25 April 2017, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.
|
1. Name |
2. No. of Shares subject to DSBP |
3. Exercise dates |
4. Lapse Dates |
|
David Hall |
23,924 |
25/04/2019 (50%) 25/04/2020 (50%) |
25 April 2027 |
|
Martin Payne |
8,241 |
25/04/2019 (50%) 25/04/2020 (50%) |
25 April 2027 |
The award relates to the element of the 2016 Annual Bonus which is paid via the DSBP as set out in the 2016 Annual Report and Accounts which is available at www.polypipe.com.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
David Hall |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Nil-cost options granted as a Deferred Share Award on 25 April 2017, vesting on 25 April 2019 (50%) and 25 April 2020 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
N/A |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR
|
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Nil-cost options granted as a Deferred Share Award on 25 April 2017, vesting on 25 April 2019 (50%) and 25 April 2020 (50%), exercisable for 10 years from the date of grant. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
N/A |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Contacts:
|
Polypipe Group plc David Hall, Chief Executive Officer Martin Payne, Chief Financial Officer Brunswick Mike Smith Will Rowberry |
+44 (0) 1709 770 000
+44 (0) 20 7404 5959 |
Polypipe Group plc ('the Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 2 May 2017.
Grant of Long Term Incentive Plan awards.
The Company confirms that on 2 May 2017, in accordance with its shareholder approved Remuneration Policy and to align the interests of the Senior Management Team with shareholders, it granted to each of the following Directors/PDMRs an award (structured as a nil cost option) under the rules of the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 20 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2017, are over the following maximum number of Shares in the Company:
|
Name/Position
|
Category |
|
|
|
D G Hall/Chief Executive Officer |
Director |
143,383 |
|
|
M K Payne/Chief Financial Officer |
Director |
73,214 |
|
|
G B Sabin/MD Plumbing and Drainage Division |
PDMR |
30,056 |
|
|
M V Fenson/Business Development Director |
PDMR |
19,909 |
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative underlying diluted basis with cumulative targets equivalent to growth of 5% p.a. required to reach the minimum threshold of 25% and 12% p.a. growth to reach the maximum of 100% against 2016 performance.
The TSR and EPS elements are both measured over the three-year period commencing on 1 January 2017.
Subject to the satisfaction of the performance conditions the awards will normally vest on 2 May 2020 and remain exercisable until the tenth anniversary of the grant date.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
David Hall |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31 |
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2017 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2017 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2017 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Vince Fenson |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 May 2017 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Contacts:
|
Polypipe Group plc David Hall, Chief Executive Officer Martin Payne, Chief Financial Officer |
+44 (0) 1709 770 000 |
|
Brunswick Mike Smith Will Rowberry |
+44 (0) 20 7404 5959 |
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
17 September 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Gisbourne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Group Strategy & Marketing Director /PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of three year options under the Polypipe plc 2014 Sharesave Plan. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
17 September 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 772284
Polypipe Group plc (the "Company")
Notification of transactions by Persons Discharging Managerial Responsibilities
The Company announces that on 17 June 2020, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, exercised the following options:
1. a nil-cost option over 39,901 Shares in accordance with the Long Term Incentive Plan Award granted to him on 2 May 2017. Mr Payne sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
2. a nil-cost option over 4,120 Shares in accordance with the Deferred Share Bonus Plan Award granted to him on 25 April 2017. Mr Payne sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
3. a nil-cost option over 7,738 Shares in accordance with the Deferred Share Bonus Plan Award granted to him on 2 May 2018. Mr Payne sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
The Company also announces that on 17 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, exercised the following option:
1. a nil-cost option over 1,482 Shares in accordance with the Deferred Share Bonus Plan Award granted to him on 2 May 2018. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options as follows: Long Term Incentive Plan ("LTIP") award granted on 2 May 2017 Deferred Share Bonus Plan award granted on 25 April 2017 (" 2017 DSBP") Deferred Share Bonus Plan award granted on 2 May 2018 ("2018 DSBP")
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
17 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan ("DSBP") award granted on 2 May 2018
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
17 June 2020 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
Enquiries:
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc (the "Company")
Notification of Transaction by Persons
Discharging Managerial Responsibilities
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 10 May 2016.
Grant of Long Term Incentive Plan awards.
The Company confirms that on 10 May 2016, in accordance with its shareholder approved Remuneration Policy and to align the interests of the Senior Management Team with shareholders, it granted to each of the following PDMRs an award (structured as a nil-cost option) under the rules of the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 19 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2016, are over the following maximum number of Shares in the Company:
|
Name/Position
|
|
Market value of Shares awarded |
|
|
D G Hall/Chief Executive Officer |
194,340 |
£558,145 |
|
|
G B Sabin/MD Plumbing Division |
40,738 |
£117,000 |
|
|
M V Fenson/Business Development |
26,985 |
£77,500 |
Martin Payne will join the Company on 16 May 2016 as CFO Designate and will be appointed a director of the Company on 25 May 2016 and it is intended that an award under the same scheme be made to him in due course, which will be subject to separate announcement.
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative diluted basis with cumulative targets equivalent to growth of 5% p.a. required to reach the minimum threshold of 25% and 12% p.a. growth to reach the maximum of 100% against 2015 performance restated as to include a full year of Nuaire's contribution to earnings.
The TSR element is measured over the 3 year period from the date of the award and the EPS element is measured over the period 1 January 2016 to 31st December 2018.
Subject to the satisfaction of the performance conditions the awards will normally vest on 10 May 2019 and remain exercisable until the tenth anniversary of the grant date.
Contacts:
|
Polypipe Group plc Peter Shepherd, Chief Financial Officer +44 (0) 1709 770 000 |
Polypipe Group plc (the "Company")
Notification of Transaction by Persons
Discharging Managerial Responsibilities
Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares").
Grant of Long Term Incentive Plan award
The Company confirms that on 31 May 2016, in accordance with its shareholder approved Remuneration Policy and to align the interests of the Senior Management Team with shareholders, it granted to the following PDMR an award (structured as a nil-cost option) under the rules of the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). This award, which has been granted in respect of the financial year beginning on 1 January 2016, is over the following maximum number of Shares in the Company:
|
Name/Position
|
|
Market value of Shares awarded |
|
|
Martin Payne/Chief Financial Officer |
77,743 |
£250,800 (88% of salary*) |
*the LTIP has been reduced from 100% of salary on a pro-rata basis to reflect the part of the 2016 financial year which has elapsed prior to Mr. Payne commencing employment with the Company.
The vesting of this award is subject to the satisfaction of the following performance conditions, both of which will be measured over a three year performance period:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative diluted basis with cumulative targets equivalent to growth of 5% p.a. required to reach the minimum threshold of 25% and 12% p.a. growth to reach the maximum of 100% against 2015 performance restated as to include a full year of Nuaire's contribution to earnings.
Subject to the satisfaction of the performance conditions the awards will normally vest on 31 May 2019 and remain exercisable until the tenth anniversary of the grant date.
Grant of other share awards
In addition, certain buy-out arrangements were agreed to partially compensate Martin Payne for bonus and long-term incentive awards which were forfeited when he left his previous employer Norcros plc. The buy-out arrangements were structured in accordance with the principles set out in our Policy, in particular that they should be of comparable commercial value to the incentives which have been forfeited.
The buy-out arrangements comprise:
3. A bonus payment of an estimated equivalent value to the bonus Mr Payne would have received from his previous employer in relation to the year of his departure. To provide alignment with shareholders, the compensatory bonus award was granted on 31 May 2016 wholly in the form of Polypipe shares (structured as a nil cost option) as set out below. These shares will vest in two equal tranches on the second and third anniversaries of Mr Payne's appointment subject to continued employment but no further performance conditions.
|
Number of Shares |
Date of Vesting |
|
24,900* |
16 May 2018 |
|
24,900* |
16 May 2019 |
*these elements qualify for additional shares in respect of the Company's dividends with a record date after the date Mr Payne commenced employment with the Company.
The number of shares awarded has been calculated using the average of the middle market closing price of the Company for the three dealing days starting on 25 May 2016.
4. An award of Polypipe shares (structured as a nil cost option) on 31 May 2016 of an estimated equivalent value to the shares Mr Payne would have received from his previous employer in relation to Approved Performance Share Plan (APSP) awards due to vest in 2016 and 2017 taking into account all relevant factors including time elapsed and performance to date for the APSP awards. The compensatory share award will vest on the same dates that the original APSP awards would have vested, subject to continued employment but no further performance conditions. No compensatory award was granted in respect of Mr Payne's APSP award due to vest in 2018.
|
Number of Shares |
Date of Vesting |
|
50,601 |
27 September 2016 |
|
23,684* |
23 July 2017 |
*these elements qualify for additional shares in respect of the Company's dividends with a record date after the date Mr Payne commenced employment with the Company.
The number of shares awarded has been calculated using the average of the middle market closing prices of both the Company and Norcros plc for the three dealing days starting on 25 May 2016.
The buy-out awards will be reduced (down to zero, as the case may be) to take account of the benefit to Mr. Payne in the event that he receives any payments in respect of, or is able to benefit from, awards made by his previous employer under its bonus arrangements and its APSP and/or relevant malus events.
The Company confirms that, under Listing Rule 9.4.2 (2), the awards set out above do not require prior shareholder approval.
Contacts:
|
Polypipe Group plc David Hall, Chief Executive Officer +44 (0) 1709 770 000 |
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons
Polypipe Group plc ("the Company") confirms it has been notified that Mr Martin Payne, an Executive Director of the Company, has on 7 June 2016 acquired an interest in 30,000 Ordinary Shares of £0.001 each of the Company at a price of £3.17 per share.
Following this transaction, Mr Payne is interested in 30,000 Ordinary Shares of £0.001 each, representing 0.015% of the total voting rights of the Company.
This announcement is given in fulfilment of the obligation under 3.1.4 R(1)(a).
For further information, please contact:
|
Polypipe |
+44 (0) 1709 770 000 |
|
David Hall, Chief Executive Officer Martin Payne, Chief Financial Officer |
|
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons
POLYPIPE GROUP plc ("the Company") was today informed that Mark Hammond, a Non-Executive Director of the Company, had on 28 June 2016 acquired an interest in 15,000 Ordinary Shares of 0.001 pence each of the Company at a price of 261 pence per share.
Following this transaction, Mr Hammond is interested in 15,000 Ordinary Shares of 0.001 pence each representing 0.0075% of the total voting rights of the Company.
This announcement is given in fulfilment of the obligation under 3.1.4 R(1)(a).
For further information, please contact:
|
Polypipe |
+44 (0) 1709 770 000 |
|
David Hall, Chief Executive Officer Martin Payne, Chief Financial Officer |
|
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 10 February 2021
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
17,995
|
||||
|
e)
|
Date of the transaction
|
15 February 2021 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 10 February 2021
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1,941
£9,996.15 |
||||
|
e)
|
Date of the transaction
|
15 February 2021 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Ron Marsh |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chairman/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 10 February 2021
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
25,273
£130,155.95 |
||||
|
e)
|
Date of the transaction
|
15 February 2021 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Kevin Boyd |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Non-Executive Director/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 10 February 2021
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
5,825
£29,998.75 |
||||
|
e)
|
Date of the transaction
|
15 February 2021 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Allan Scott |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PCA of Non-Executive Director/Director and PDMR Lisa Scenna |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 10 February 2021
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
4,854
£24,998.10 |
||||
|
e)
|
Date of the transaction
|
15 February 2021 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Joanne Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PCA of Glen Sabin, Managing Director, Plumbing Division |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
N/A |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Sale in order to satisfy personal tax liabilities |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
5 September 2016 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
||||
Enquiries:
Martin Payne
Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
N/A |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Grant of options under the Polypipe Group plc Savings Related Share Option Plan. The options are exercisable from 15 September 2019. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
15 September 2016 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Enquiries:
Martin Payne
Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc (the "Company')
Notification of Transaction by Persons Discharging Managerial Responsibilities
The Company hereby notifies the following changes in the interests of Martin Gisbourne, a person discharging managerial responsibility ("PDMR") in Ordinary Shares of £0.001 each in the Company ("Shares") on 22 November 2019.
Grant of Long Term Incentive Plan award
The Company confirms that on 22 November 2019, in accordance with its shareholder approved Remuneration Policy, it granted an award (structured as a nil cost option) to Martin Gisbourne under the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). The award, which has been granted in respect of the financial year beginning on 1 January 2019, is over the following maximum number of Shares in the Company:
|
Name/Position |
Category |
Maximum number of Shares |
|
M Gisbourne/ Group Marketing & Strategy Director |
PDMR |
23,531 |
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative underlying diluted basis with cumulative targets equivalent to growth of 4% p.a. required to reach the minimum threshold of 25% and 10% p.a. growth to reach the maximum of 100% against 2018 performance.
The TSR and EPS elements are both measured over the three-year period commencing on 1 January 2019.
Subject to the satisfaction of the performance conditions the awards will normally vest on 22 November 2022 and remain exercisable until the tenth anniversary of the grant date.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Gisbourne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31 |
||||
|
b)
|
Nature of the transaction
|
Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
22 November 2019 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
|
Contacts: Emma Versluys, Legal Counsel & Company Secretary |
+44 (0) 1709 770 000 |
Polypipe Group plc (the "Company")
Notification of transactions by Person Discharging Managerial Responsibilities
The Company announces that today, 2 December 2016, Martin Payne, a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 50,601 ordinary shares of £0.001 each in the capital of the Company ('Shares'), in accordance with the Deferred Share Award that was granted to him on 31 May 2016, full details of which were included in a regulatory announcement released on 31 May 2016. The Company's Employee Benefit Trust has today transferred 26,819 Shares to Mr. Payne which represents the net number of Shares due to him after appropriate tax and national insurance liabilities were taken into account. Mr. Payne now holds an interest in a total of 56,819 Shares in the Company.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options granted as a Deferred Share Award on 31 May 2016. |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
2 December 2016 |
||||
|
f)
|
Place of the transaction
|
Outside of a Trading Venue |
||||
Enquiries:
David Hall, Chief Executive Officer
Martin Payne, Chief Financial Officer
+44 (0) 1709 772284
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 7 May 2020
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
23,595
£104,997.75 |
||||
|
e)
|
Date of the transaction
|
13 May 2020 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul James |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Financial Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 7 May 2020
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
5,617
£24,995.65 |
||||
|
e)
|
Date of the transaction
|
13 May 2020 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Ron Marsh |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chairman/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 7 May 2020
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
33,707
£149,996.15 |
||||
|
e)
|
Date of the transaction
|
13 May 2020 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Paul Dean |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Non-Executive Director/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 7 May 2020
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
898
£3,996.10 |
||||
|
e)
|
Date of the transaction
|
13 May 2020 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Mark Hammond |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Non-Executive Director/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 7 May 2020
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
2,247
£9,999.15 |
||||
|
e)
|
Date of the transaction
|
13 May 2020 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Lisa Scenna |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Non-Executive Director/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares of £0.001 each in the capital of the Company pursuant to the Placing notifed on 7 May 2020
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
10,112
£44,998.40 |
||||
|
e)
|
Date of the transaction
|
13 May 2020 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Glen Sabin
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Operating Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary Shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Exercise of options granted in 2014 under the Polypipe plc 2014 Sharesave Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
9,045
£17,999.55
|
||||
|
e)
|
Date of the transaction
|
1 November 2017 |
||||
|
f)
|
Place of the transaction
|
Outside a Trading Venue |
||||
Enquiries:
Emma Versluys
Company Secretary
+44 (0) 1709 770 000
Polypipe Group plc (the "Company")
Notification of transactions by Persons Discharging Managerial Responsibilities
The Company announces that it received notification on 3 April 2018 of the acquisition by Ron Marsh, Chairman and Martin Payne, Chief Executive Officer, of Ordinary Shares of £0.001 each in the Company ("Shares"), as set out below. Following the acquisition of 100,000 Shares by Mr. Marsh and 40,000 Shares by Mr. Payne, they now hold an interest in a total of 275,000 and 109,726 Shares respectively.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Ron Marsh
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chairman/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
100,000
£350,500 |
||||
|
e)
|
Date of the transaction
|
3 April 2018 |
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Martin Payne
|
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Chief Executive Officer/Director and PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Polypipe Group plc |
||||
|
b)
|
LEI
|
2138005IF1N2RKJ6KO18 |
||||
|
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
Identification code
|
Ordinary shares of £0.001 each
GB00BKRC5K31
|
||||
|
b)
|
Nature of the transaction
|
Acquisition of Shares |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
40,000 | ||||