Polypipe Group PLC Director/PDMR Shareholding (9377M)

TIDMPLP

RNS Number : 9377M

Polypipe Group PLC

02 May 2018

Polypipe Group plc ('the Company')

Notification of Transaction by Persons Discharging Managerial Responsibilities

The Company announces that on 2 May 2018, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of GBP0.001 each ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.

 
 1. Name       2. No. of Shares subject to DSBP  3. Exercise dates   4. Lapse Dates 
Martin Payne               15,476                02/05/2020 (50%)     2 May 2028 
                                                  02/05/2021 (50%) 
Glen Sabin                  2,964                02/05/2020 (50%)     2 May 2028 
                                                  02/05/2021 (50%) 
 

For further information on the DSBP, please refer to the 2017 Annual Report and Accounts which is available at www.polypipe.com

The notifications below, which have 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.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Martin Payne 
     --------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status             Chief Executive 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 the          Ordinary Shares ("Shares") of GBP0.001 
       financial instrument,       each in the capital of Polypipe Group 
       type of instrument          plc 
 
       Identification code 
                                   GB00BKRC5K31 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Nil-cost options granted as a Deferred 
                                   Share Award on 2 May 2018, vesting 
                                   on 2 May 2020 (50%) and 2 May 2021 
                                   (50%), exercisable for 10 years from 
                                   the date of grant. 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         15,476 
                                                ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     2 May 2018 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  --------------------------------------- 
 
 
 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        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 the          Ordinary Shares ("Shares") of GBP0.001 
       financial instrument,       each in the capital of Polypipe Group 
       type of instrument          plc 
 
       Identification code 
                                   GB00BKRC5K31 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Nil-cost options granted as a Deferred 
                                   Share Award on 2 May 2018, vesting 
                                   on 2 May 2020 (50%) and 2 May 2021 
                                   (50%), exercisable for 10 years from 
                                   the date of grant. 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         2,964 
                                                ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     2 May 2018 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  --------------------------------------- 
 

Contact:

 
                                    [phone] 
Emma Versluys, Company Secretary     000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 02, 2018 11:14 ET (15:14 GMT)