Diploma PLC Director/PDMR Shareholding (2642U)

TIDMDPLM

RNS Number : 2642U

Diploma PLC

21 November 2019

DIPLOMA PLC

12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: [phone]

FACSIMILE: [phone]

FOR IMMEDIATE RELEASE

21 November 2019

DIPLOMA PLC (the "Company")

DIRECTOR / PDMR Dealings

Diploma PLC has been notified that Nigel Lingwood has exercised his options over 55,035 Ordinary Shares of 5p each in the Company ("Shares"). These options vested in relation to a share award granted on 22 December 2016 under the Diploma PLC 2011 Performance Share Plan ("PSP"). As a consequence, Nigel Lingwood has become entitled to acquire Shares in the Company as set out below.

This award crystallised after meeting performance conditions measured over a three-year period ended 30 September 2019. Further details relating to the performance conditions of these awards are set out in the Annual Report & Accounts 2019, which will be mailed to shareholders on 6 December 2019.

The number of Shares acquired by Nigel Lingwood has been reduced as part of arrangements under which the Company will settle the PAYE liability of Nigel Lingwood which arises as a result of the exercise of the options. The table below shows the total number of Shares vested, the PAYE adjustment on the vested Shares and the net number of Shares acquired by Nigel Lingwood.

 
                               Number of Shares 
                Total Shares   PAYE Adjustment   Total Shares 
                      Vested                         Acquired     Market Price 
 NP Lingwood          55,035          (25,866)         29,169            1755p 
 

Following the above transaction, Nigel Lingwood disposed of 29,169 Shares on 20 November 2019 at a price of GBP17.55. After this transaction, Nigel Lingwood retains 100,000 shares in the Company which represents 0.09% of the issued share capital.

The notification set out below has been made in accordance with Article 19 of the EU Market Abuse Regulation.

 
 
   1        Details of the Director/PDMR/PCA 
 a)       Name                             NP Lingwood 
      ----------------------------------  ------------------------------------------ 
 
   2        Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)       Position/Status                  Group Finance Director 
      ----------------------------------  ------------------------------------------ 
 b)       Initial notification/Amendment   Initial notification 
      ----------------------------------  ------------------------------------------ 
 
   3     Details of the issuer 
      ------------------------------------------------------------------------------ 
 a)    Name                                Diploma PLC 
      ----------------------------------  ------------------------------------------ 
 b)    LEI                                 2138008OG17VYG8FGR19 
      ----------------------------------  ------------------------------------------ 
 
   4     Details of the transactions: 
      ------------------------------------------------------------------------------ 
 a)    Description of the                  Ordinary shares of 5p each in the Company 
        financial instrument, 
        type of instrument 
 
        Identification code                 GB0001826634 
      ----------------------------------  ------------------------------------------ 
 b)    Nature of the transaction              Exercise and sale of shares 
      ----------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)                 Price   Volume 
                                               1755p   29,169 
      ----------------------------------  ------------------------------------------ 
 d)         Aggregated information            Price   Volume 
                                               1755p   29,169 
              *    Aggregated volume 
 
 
 
              *    Price 
      ----------------------------------  ------------------------------------------ 
 e)    Date of the transaction             20 November 2019 
      ----------------------------------  ------------------------------------------ 
 f)    Place of the transaction            London Stock Exchange, United Kingdom 
      ----------------------------------  ------------------------------------------ 
 

For further information, please contact:

 
       Diploma PLC -                                       [phone] 
       Anthony Gallagher, Group Company Secretary 
 

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 [e-mail] or visit www.rns.com.

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November 21, 2019 11:00 ET (16:00 GMT)