Tyman PLC Deferred Share Awards and Directors' Dealings (4699A)

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RNS Number : 4699A

Tyman PLC

24 March 2017

TYMAN PLC

("Tyman" or the "Company")

Deferred Share Awards and Directors' Dealings

Tyman plc, a leading international supplier of engineered components to the door and window industry, announces that the Remuneration Committee of the Company has granted the following nil cost share awards on 23 March 2017 in respect of the year ended 31 December 2016 (the "2016 Awards") to the two Executive Directors of the Company under the Company's Deferred Share Bonus Plan ("DSBP") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

 
 Name                Number of Ordinary Shares 
                      subject to the Deferred 
                             Plan Award 
------------------  -------------------------- 
 Louis Eperjesi               58,581 
------------------  -------------------------- 
 James Brotherton             36,152 
------------------  -------------------------- 
 

Under the DSBP, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options.

These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) following the publication of the Group's audited results for the year ending 31 December 2019, expected to be in March 2020. No consideration was paid for the 2016 Awards and no consideration is due to be payable on vesting.

A further 15 senior managers and executives employed by the Company and its subsidiaries have also been granted under the DSBP either conditional share awards or nil-cost options deferred until March 2020 over a total of 99,481 Ordinary Shares.

24 March 2017

 
 
 
 
   Enquiries: 
 Tyman plc                                020 7976 8000 
 Carolyn Gibson - Company Secretary    www.tymanplc.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 24, 2017 07:30 ET (11:30 GMT)