Polypipe Group PLC Director/PDMR Shareholding (8324Q)

TIDMPLP

RNS Number : 8324Q

Polypipe Group PLC

23 June 2020

Polypipe Group plc (the "Company")

Notification of transactions by Person Discharging Managerial Responsibilities

The Company announces that on 22 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, exercised the following options:

1. a nil-cost option over 35,768 Shares in accordance with the Long Term Incentive Plan Award granted to him on 10 May 2016. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.

2. a nil-cost option over 16,380 Shares in accordance with the Long Term Incentive Plan Award granted to him on 2 May 2017. Mr Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.

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                        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   Acquisition of Shares for no consideration 
                                   pursuant to the exercise of nil-cost 
                                   options as follows: 
                                   Long Term Incentive Plan ("2016 LTIP") 
                                   award granted on 10 May 2016 
                                   Long Term Incentive Plan ("2017 LTIP") 
                                   award granted on 2 May 2017 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     Nil        18,829 - Number 
                                                 of 2016 LTIP Shares 
                                                 acquired after 
                                                 reduction for 
                                                 appropriate tax 
                                                 and national insurance 
                                                 liabilities. 
 
                                                 8,622 - Number 
                                                 of 2017 LTIP Shares 
                                                 acquired after 
                                                 reduction for 
                                                 appropriate tax 
                                                 and national insurance 
                                                 liabilities. 
                                               ------------------------ 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     22 June 2020 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------- 
 

Enquiries:

Emma Versluys, Company Secretary

[phone]

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June 23, 2020 09:57 ET (13:57 GMT)