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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

 
 

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