Polypipe Group PLC Director/PDMR Shareholding (4522N)

TIDMPLP

RNS Number : 4522N

Polypipe Group PLC

08 August 2017

Polypipe Group plc (the "Company")

Notification of transaction by Person Discharging Managerial Responsibilities

The Company announces that today, 8 August 2017, Martin Payne, a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 24,352 ordinary shares of GBP0.001 each in the capital of the Company ('Shares'), in accordance with the Deferred Share Award that was granted to him on 31 May 2016, full details of which were included in a regulatory announcement released on 31 May 2016. The Company's Employee Benefit Trust has today transferred 12,907 Shares to Mr. Payne which represents the net number of Shares due to him after the addition of dividend shares and the appropriate tax and national insurance liabilities were taken into account. Mr. Payne now holds an interest in a total of 69,726 Shares in the Company.

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                       Martin Payne 
---  -------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer/Director 
                                  and PDMR 
---  -------------------------  -------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  -------------------------------------- 
 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             Ordinary Shares ("Shares") 
       the financial              of GBP0.001 each in the capital 
       instrument, type           of Polypipe Group plc 
       of instrument 
 
       Identification             GB00BKRC5K31 
       code 
---  -------------------------  -------------------------------------- 
 b)   Nature of the              Acquisition of Shares for 
       transaction                no consideration pursuant 
                                  to the exercise of nil-cost 
                                  options granted as a Deferred 
                                  Share Award on 31 May 2016. 
---  -------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ------------------------ 
                                    Nil        23,684 - Number 
                                                of Shares vesting 
                                                and over which 
                                                option was 
                                                exercised. 
 
                                                668 - Number 
                                                of Shares awarded 
                                                at vesting 
                                                in lieu of 
                                                dividends paid 
                                                during the 
                                                vesting period 
 
                                                12,907- Number 
                                                of Shares acquired 
                                                after reduction 
                                                for appropriate 
                                                tax and national 
                                                insurance liabilities. 
                                   ---------  ------------------------ 
---  -------------------------  -------------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  -------------------------------------- 
 e)   Date of the transaction    8 August 2017 
---  -------------------------  -------------------------------------- 
 f)   Place of the transaction   Outside of a Trading Venue 
---  -------------------------  -------------------------------------- 
 

Enquiries:

Martin Payne, Chief Financial Officer

Emma Versluys, Company Secretary

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 08, 2017 12:18 ET (16:18 GMT)