Trifast PLC Share Awards, TVR and Transaction of PDMR (0041E)

TIDMTRI

RNS Number : 0041E

Trifast PLC

13 July 2016

Wednesday 13 July 2016

Trifast plc

(the "Company")

Notification of Share Awards, Application submitted to LSE/FCA, Total Voting Rights and Transaction of Person Discharging Managerial Responsibility

Notification of Share Awards

The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee granted the following deferred share bonus awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary shares") under the terms of the Year End 2016 Deferred Equity Executive Bonus Scheme. The scheme includes a three- year vesting period for these awards as well as an ongoing corporate performance requirement for the period until vesting. No payment will be made for the grant or vesting of these awards.

 
Name                            Position      Number of deferred 
                                           share bonus awards(1) 
Malcolm Diamond       Executive Chairman                 170,233 
                            Former Chief 
Jim Barker          Executive Officer(2)                 106,395 
                         Chief Executive 
Mark Belton                   Officer(3)                 191,512 
                         Chief Financial 
Clare Foster                 Officer (4)                  85,116 
                      Managing Director, 
Geoff Budd                     TR Europe                 161,721 
Glenda Roberts      Group Sales Director                 153,209 
Tan Thiam                 Consultant, TR 
 Boon (Thomas)                   Asia(5)                  95,354 
 

(1) Calculated using a share price of GBP1.18 being the average share price over the three-month period prior to the end of the financial year to which the 'Year End 2016 Deferred Equity Executive Bonus Scheme' relates

(2) Retired as Chief Executive on 30 September 2015

(3) Appointed, 1 October 2015, previously Chief Financial Officer

(4) Appointed, 1 October 2015

(5) Retired as Managing Director of TR Asia on 31 December 2015, however remains a Consultant with the Company. Mr Tan was and is not a member of the Main Trifast plc Board.

The Company also announces that, it has issued a total of 1,050,044 Ordinary Shares at nil consideration to good leavers, pursuant to the 'Company's Year End 2014 Deferred Equity Executive Bonus Scheme', the 'Year End 2015 Deferred Equity Executive Bonus Scheme' and, the 'Year End 2016 Deferred Equity Executive Bonus Scheme'. Tan Thiam Boon (Thomas), a Person Discharging Managerial Responsibilities (PDMR) was issued 425,579 of these share awards. Tan Thiam Boon currently holds a total interest in 425,579 Ordinary Shares representing 0.36% of the issued share capital of the Company.

Application submitted

Application has been made to the UK Listing Authority and the London Stock Exchange for a listing of 1,050,044 Ordinary Shares. These new Ordinary Shares are being issued and allotted pursuant to the Company's 'Year End 2014 Deferred Equity Executive Bonus Scheme', the 'Year End 2015 Deferred Equity Executive Bonus Scheme' and, the 'Year End 2016 Deferred Equity Executive Bonus Scheme' and will rank equally with the existing issued Ordinary Shares.

Total Voting Rights (TVR)

Following Admission, which is expected to take place on 15 July 2016, the Company's total issued share capital will be 117,822,616 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the total number of voting rights in the Company will be 117,822,616. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (PDMR)

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a.   Name                            Tan Thiam Boon 
---  ------------------------------  --------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------- 
 a.   Position/status                 Consultant (Former TR Asia Managing 
                                       Director) 
---  ------------------------------  --------------------------------------- 
 b.   Initial notification            Initial notification 
       /Amendment 
---  ------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------- 
 a.   Name                            Trifast plc 
---  ------------------------------  --------------------------------------- 
 b.   LEI                             213800WFIVE6RWK3CR22 
---  ------------------------------  --------------------------------------- 
 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                     Ordinary Shares of 5 pence each 
       of the 
       Financial                       ISIN: GB0008883927 
       instrument, 
       type 
       of instrument 
       Identification 
       code 
---  ------------------------------  --------------------------------------- 
 b.   Nature of                       Shares released under the Year 
       the transaction                 End 2014 Deferred Equity Executive 
                                       Bonus Scheme and the Year End 2015 
                                       Deferred Equity Executive Bonus 
                                       Scheme and the Year End 2016 Deferred 
                                       Equity Executive Bonus Scheme 
---  ------------------------------  --------------------------------------- 
 c.   Price(s)                          Price(s)    Volume(s) 
       and volume(s)                    ----------  ---------- 
                                         Nil         425,579 
                                        ----------  ---------- 
---  ------------------------------  --------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume                425,579 
 
                                                   Nil 
             *    Price 
---  ------------------------------  --------------------------------------- 
 e.   Date of the                     2016-07-15 
       transaction 
---  ------------------------------  --------------------------------------- 
 f.   Place of                        London Stock Exchange, Main Market 
       the transaction                 (XLON) 
---  ------------------------------  --------------------------------------- 
 

Enquiries:

Trifast plc

Lyndsey Case

Company Secretary

Tel: [phone]

www.trifast.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 13, 2016 05:00 ET (09:00 GMT)