We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Polypipe Group Plc | LSE:PLP | London | Ordinary Share | GB00BKRC5K31 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 567.00 | 565.00 | 567.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPLP
RNS Number : 6107X
Polypipe Group PLC
30 April 2019
Polypipe Group plc (the "Company')
Notification of Transactions by Persons Discharging Managerial Responsibilities
The Company hereby notifies the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of GBP0.001 each in the Company ("Shares") on 30 April 2019.
Grant of Long Term Incentive Plan awards
The Company confirms that on 30 April 2019, in accordance with its shareholder approved Remuneration Policy, it granted to each of the following Directors/PDMRs an award (structured as a nil cost option) under the Polypipe Group plc 2014 Long Term Incentive Plan (the "LTIP"). In addition, the Company made an award, subject to the same performance conditions as set out below, under the LTIP to 20 members of the Senior Management Team. The awards, which have been granted in respect of the financial year beginning on 1 January 2019, are over the following maximum number of Shares in the Company:
Name/Position Category Maximum number of Shares M K Payne /Chief Executive Officer Director 134,421 ---------- ------------------------- P A James/Chief Financial Officer Director 68,590 ---------- ------------------------- G B Sabin/Chief Operating Officer Director 67,507 ---------- ------------------------- M V Fenson/Business Development Director PDMR 19,500 ---------- ------------------------- E G Versluys/Legal Counsel & Company Secretary PDMR 16,435 ---------- -------------------------
The vesting of each award is subject to the satisfaction of the following performance conditions:
1. 25% of the maximum potential award is based on a Total Shareholder Return (the "TSR element") performance condition with a threshold of 25% of the TSR element reached on achieving median and 100% for achieving upper quartile performance relative to the Total Shareholder Return of the companies in a comparator group (consisting of companies in the FTSE 250 Index that are classified as Industrials by the Industry Classification Benchmark) and;
2. 75% of the maximum potential award is based on an Earnings per Share performance condition (the "EPS element") measured on a cumulative underlying diluted basis with cumulative targets equivalent to growth of 4% p.a. required to reach the minimum threshold of 25% and 10% p.a. growth to reach the maximum of 100% against 2018 performance.
The TSR and EPS elements are both measured over the three-year period commencing on 1 January 2019.
Subject to the satisfaction of the performance conditions the awards will normally vest on 30 April 2022 and remain exercisable until the tenth anniversary of the grant date.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide 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 of GBP0.001 each financial instrument, in the capital of Polypipe Group type of instrument plc Identification code GB00BKRC5K31 -------------------------- ---------------------------------------- b) Nature of the transaction Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan. -------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 134,421 ---------- -------------------------- ---------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------- ---------------------------------------- e) Date of the transaction 30 April 2019 -------------------------- ---------------------------------------- f) Place of the transaction Outside a Trading Venue -------------------------- ---------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Paul James -------------------------- ---------------------------------------- 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 the Ordinary Shares of GBP0.001 each financial instrument, in the capital of Polypipe Group type of instrument plc Identification code GB00BKRC5K31 -------------------------- ---------------------------------------- b) Nature of the transaction Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan. -------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 68,590 ---------- -------------------------- ---------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------- ---------------------------------------- e) Date of the transaction 30 April 2019 -------------------------- ---------------------------------------- f) Place of the transaction Outside 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 of GBP0.001 each financial instrument, in the capital of Polypipe Group type of instrument plc Identification code GB00BKRC5K31 -------------------------- ---------------------------------------- b) Nature of the transaction Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan. -------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 67,507 ---------- -------------------------- ---------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------- ---------------------------------------- e) Date of the transaction 30 April 2019 -------------------------- ---------------------------------------- f) Place of the transaction Outside a Trading Venue -------------------------- ---------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Vince Fenson -------------------------- ---------------------------------------- 2 Reason for the notification -------------------------------------------------------------------- a) Position/status 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 of GBP0.001 each financial instrument, in the capital of Polypipe Group type of instrument plc Identification code GB00BKRC5K31 -------------------------- ---------------------------------------- b) Nature of the transaction Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan. -------------------------- ---------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 19,500 ---------- -------------------------- ---------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------- ---------------------------------------- e) Date of the transaction 30 April 2019 -------------------------- ---------------------------------------- f) Place of the transaction Outside a Trading Venue -------------------------- ---------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Emma Versluys -------------------------------------------------------------- ----------------------------------------- 2 Reason for the notification --------------------------------------------------------------------------------------------------------- a) Position/status 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 of GBP0.001 each financial instrument, in the capital of Polypipe Group type of instrument plc Identification code GB00BKRC5K31 -------------------------------------------------------------- ----------------------------------------- b) Nature of the transaction Grant of an award, structured as a nil cost option, under the Company's 2014 Long Term Incentive Plan. -------------------------------------------------------------- ----------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 16,435 ---------- -------------------------------------------------------------- ----------------------------------------- d) Aggregated information N/A - Aggregated volume - Price -------------------------------------------------------------- ----------------------------------------- e) Date of the transaction 30 April 2019 -------------------------------------------------------------- ----------------------------------------- f) Place of the transaction Outside a Trading Venue -------------------------------------------------------------- ----------------------------------------- Contacts: +44 (0) 1709 770 Emma Versluys, Legal Counsel & Company Secretary 000
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 rns@lseg.com or visit www.rns.com.
END
DSHCKKDKQBKDKQN
(END) Dow Jones Newswires
April 30, 2019 10:03 ET (14:03 GMT)
1 Year Polypipe Chart |
1 Month Polypipe Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions