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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Chief Operating 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 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
Price(s) and volume(s)
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.
– Aggregated volume
Date of the transaction
22 June 2020
Place of the transaction
Outside a trading venue
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
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