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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Chief Financial Officer/Director and PDMR
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Polypipe Group plc
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
Description of the financial instrument, type of instrument
Ordinary Shares (“Shares”) of £0.001 each in the capital of Polypipe Group plc
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
Price(s) and volume(s)
16,300 – Number of DSA Shares acquired after reduction for appropriate tax and national insurance liabilities.
– Aggregated volume
Date of the transaction
22 September 2020
Place of the transaction
Outside a trading venue
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
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