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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

 
 

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