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Director/PDMR Shareholding

RNS Number : 6975Q
Polypipe Group PLC
22 June 2020
 

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

Maximum number of Shares

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

132,660

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

67,691

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

66,622

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

25,489

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

16,220

 

 

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

         

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKKBBKPBKDAAB

Director/PDMR Shareholding

RNS Number : 6982Q
Polypipe Group PLC
22 June 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

7,996

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

4,490

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

4,420

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKKBBDPBKDDAB

Director/PDMR Shareholding

RNS Number : 4522N
Polypipe Group PLC
08 August 2017
 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

23,684 - Number of Shares vesting and over which option was exercised.

 

668 - Number of Shares awarded at vesting in lieu of dividends paid during the vesting period

 

12,907- Number of Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKFDDABKDOFK

Director/PDMR Shareholding

RNS Number : 8324Q
Polypipe Group PLC
23 June 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

18,829 - Number of 2016 LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

8,622 - Number of 2017 LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKKNBPNBKDPAB

Director/PDMR Shareholding

RNS Number : 2471P
Polypipe Group PLC
24 May 2018
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

10,449 - Number of Shares vesting and over which option was exercised.

 

586 - Number of Shares awarded at vesting in lieu of dividends paid during the vesting period

 

5,849 - Number of Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFKQDBPBKDPPB

Director/PDMR Shareholding

RNS Number : 9851D
Polypipe Group PLC
02 November 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.45 option exercise price

 

5,217

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.10 option exercise price

 

5,806

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.10 option exercise price

 

2,322

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END
 
 
DSHKKBBNQBDDKDK

Director/PDMR Shareholding

RNS Number : 9316M
Polypipe Group PLC
02 May 2018
 

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

Maximum number of Shares

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

143,671

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

70,536

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

73,506

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

21,233

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

14,033

 

 

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

         

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHFKBDBQBKDKPK

Director/PDMR Shareholding

RNS Number : 1606Q
Polypipe Group PLC
07 September 2017
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.10 option exercise price

 

2,322

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.10 option exercise price

 

5,806

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKODPPBKDDCK

Director/PDMR Shareholding

RNS Number : 9377M
Polypipe Group PLC
02 May 2018
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

15,476

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

2,964

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHFKBDDPBKDDPK

Director/PDMR Shareholding

RNS Number : 2747R
Polypipe Group PLC
26 June 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

351 - Number of 2017 DSBP Shares acquired having satisfied appropriate tax and national insurance liabilities.

 

300 - Number of 2018 DSBP Shares acquired having satisfied appropriate tax and national insurance liabilities.

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

57 - Number of DSBP Shares acquired having satisfied appropriate tax and national insurance liabilities.

 

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKKABDPBKDFAB

Director/PDMR Shareholding

RNS Number : 6077X
Polypipe Group PLC
30 April 2019
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

15,741

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

6,766

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

8,053

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKKDQNBKDQQN

Director/PDMR Shareholding

RNS Number : 6107X
Polypipe Group PLC
30 April 2019
 

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

Maximum number of Shares

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

134,421

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

68,590

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

67,507

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

19,500

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

16,435

 

 

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

         

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKKDKQBKDKQN

Director/PDMR Shareholding

RNS Number : 3880W
Polypipe Group PLC
26 April 2016
 

 

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

 


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKADQDBKDCQB

Director/PDMR Shareholding

RNS Number : 8372X
Polypipe Group PLC
10 May 2016
 

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

 

Maximum number of Shares

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKKDNPBKDKPD

Director/PDMR Shareholding

RNS Number : 7868Z
Polypipe Group PLC
31 May 2016
 

 

 

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

 

Maximum number of Shares

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKDDBPBKDDPN

Director/PDMR Shareholding

RNS Number : 6037A
Polypipe Group PLC
08 June 2016
 

8 June 2016

 

POLYPIPE GROUP PLC

 

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


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKFDKKBKDCAK

Director/PDMR Shareholding

RNS Number : 5261C
Polypipe Group PLC
28 June 2016
 

28 June 2016

 

POLYPIPE GROUP PLC

 

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


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKFDBNBKDCAB

Director/PDMR Shareholding

RNS Number : 7716Z
Polypipe Group PLC
22 September 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

16,300 - Number of DSA Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHKKBBPQBKDFCB

Director/PDMR Shareholding

RNS Number : 1095J
Polypipe Group PLC
06 September 2016
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.935412

 

50,000

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKADQNBKDDCK

Director/PDMR Shareholding

RNS Number : 1098J
Polypipe Group PLC
06 September 2016
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.935412

 

120,000

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKADQNBKDNCK

Director/PDMR Shareholding

RNS Number : 1146K
Polypipe Group PLC
16 September 2016
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.21 option exercise price

 

8,144

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKADKPBKDOCD

Director/PDMR Shareholding

RNS Number : 2250K
Polypipe Group PLC
19 September 2016
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.7885

 

75,000

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKCDDBBKDDCD

Director/PDMR Shareholding

RNS Number : 4777I
Polypipe Group PLC
21 March 2018
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

85,645

 

 

 

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHFKDDQNBKDFNB

Director/PDMR Shareholding

RNS Number : 1873D
Polypipe Group PLC
05 October 2018
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.98 option exercise price

 

6,040

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.98 option exercise price

 

4,832

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFKPDKPBDDCKK

Director/PDMR Shareholding

RNS Number : 8487Q
Polypipe Group PLC
02 December 2016
 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

50,601 - Number of Shares vesting and over which options were exercised.

 

26,819 -Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKBDPBBDDNBK

Director/PDMR Shareholding

RNS Number : 4032D
Polypipe Group PLC
26 April 2017
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

23,924

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

8,241

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKADBKBKDDQB

Director/PDMR Shareholding

RNS Number : 0344E
Polypipe Group PLC
03 May 2017
 

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

Maximum number of Shares

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

143,383

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

73,214

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

30,056

 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

19,909

 

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKNDQFBKKAPK

Director/PDMR Shareholding

RNS Number : 8578M
Polypipe Group PLC
18 September 2019
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.05 option exercise price

 

5,901

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 3.05 option exercise price

 

5,901

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKFDDPBKDQCD

Director/PDMR Shareholding

RNS Number : 4208Q
Polypipe Group PLC
18 June 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

21,279 - Number of LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

2,197 - Number of 2017 DSBP Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

4,127 - Number of 2018 DSBP Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

790 - Number of DSBP Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKKFBDPBKDNAD

Director/PDMR Shareholding

RNS Number : 8372X
Polypipe Group PLC
10 May 2016
 

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

 

Maximum number of Shares

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKKDNPBKDKPD

Director/PDMR Shareholding

RNS Number : 7868Z
Polypipe Group PLC
31 May 2016
 

 

 

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

 

Maximum number of Shares

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKDDBPBKDDPN

Director/PDMR Shareholding

RNS Number : 6037A
Polypipe Group PLC
08 June 2016
 

8 June 2016

 

POLYPIPE GROUP PLC

 

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


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKFDKKBKDCAK

Director/PDMR Shareholding

RNS Number : 5261C
Polypipe Group PLC
28 June 2016
 

28 June 2016

 

POLYPIPE GROUP PLC

 

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


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKFDBNBKDCAB

Director/PDMR Shareholding

RNS Number : 1626P
Polypipe Group PLC
15 February 2021
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 5.15

 

17,995

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

17,995

 


£92,674.25

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)

 

 

 

Price(s)

 

Volume(s)

GBP 5.15

 

1,941

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 5.15

25,273

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 5.15

 

5,825

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 5.15

 

4,854

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHDKPBBABKDKBD

Director/PDMR Shareholding

RNS Number : 1095J
Polypipe Group PLC
06 September 2016
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.935412

 

50,000

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKADQNBKDDCK

Director/PDMR Shareholding

RNS Number : 1146K
Polypipe Group PLC
16 September 2016
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 2.21 option exercise price

 

8,144

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKADKPBKDOCD

Director/PDMR Shareholding

RNS Number : 5849U
Polypipe Group PLC
25 November 2019
 

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)

 

 

 

 

 

 

Price(s)

 

Volume(s)

Nil

23,531

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKPDBPBDDDDB

Director/PDMR Shareholding

RNS Number : 8487Q
Polypipe Group PLC
02 December 2016
 

 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

 

50,601 - Number of Shares vesting and over which options were exercised.

 

26,819 -Shares acquired after reduction for appropriate tax and national insurance liabilities.

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKBDPBBDDNBK

Director/PDMR Shareholding

RNS Number : 7726M
Polypipe Group PLC
13 May 2020
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 4.45

 

23,595

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 4.45

 

5,617

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 4.45

 

33,707

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 4.45

 

898

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 4.45

 

2,247

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 4.45

 

10,112

 

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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DSHKKNBDCBKKDPD

Director/PDMR Shareholding

RNS Number : 2766V
Polypipe Group PLC
01 November 2017
 

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)

 

 

 

Price(s)

 

Volume(s)

GBP 1.99 option exercise price

 

9,045

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKDDQBBDDADK

Director/PDMR Shareholding

RNS Number : 7089J
Polypipe Group PLC
04 April 2018
 

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)

 

 

 

Price(s)

 

Volume(s)

£3.505

 

100,000

 

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£3.456

 

40,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

40,000

 

 

£138,240

e)

 

Date of the transaction

 

 

3 April 2018

f)

 

Place of the transaction

 

 

London Stock Exchange

 

4 April 2018

Enquiries:

Emma Versluys

Company Secretary

+44 (0)1709 770 000

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHFK