Trifast PLC Director/PDMR Shareholding (4937V)

TIDMTRI

RNS Number : 4937V

Trifast PLC

23 July 2018

Monday, 23 July 2018

Trifast plc

(the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities

The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee has granted the following LTIP awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary Shares") under the terms of the Employee Share Plan and these awards have been accepted by the Executive Directors. The scheme includes a three-year vesting period for these awards as well as an ongoing corporate performance requirement for the period until vesting. No payment will be made for the grant or vesting of these awards.

 
  Name             Position                  Number of LTIP 
                                              awards(1) 
                   ------------------------ 
  Mark Belton      Chief Executive Officer   200,000 
  Clare Foster     Chief Financial Officer   153,333 
  Glenda Roberts   Group Sales Director      140,000 
-----------------  ------------------------  -------------- 
 

(1) Calculated using a share price of GBP2.25 being the closing share price on 20 July 2018 (the last business day prior to the grant date of 23 July 2018).

 
 Enquiries: 
 Trifast plc 
 Lyndsey Case 
  Company Secretary 
  Tel: [phone] 
  www.trifast.com 
 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Mark Belton 
     ------------------------------------------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Position/status                                               Chief Executive Officer 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Name                                                          Trifast plc 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   LEI                                                           213800WFIVE6RWK3CR22 
     ------------------------------------------------------------  ---------------------------------------------- 
 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 financial instrument, type of instrument   Ordinary Shares of 5 pence each 
       Identification code                                           GB0008883927 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Award under the Employee Share Plan* 
     ------------------------------------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s) 
                                                                         Nil       200,000 
                                                                                 ---------- 
     ------------------------------------------------------------  ---------------------------------------------- 
 d)   Aggregated information        Aggregated volume 
               Price                                                  200,000 Ordinary Shares of 5 pence each 
                                                                      Nil consideration 
     ------------------------------------------------------------  ---------------------------------------------- 
 e)   Date of the transaction                                       23 July 2018 
     ------------------------------------------------------------  ---------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
     ------------------------------------------------------------  ---------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Clare Foster 
     ------------------------------------------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Position/status                                               Chief Financial Officer 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Name                                                          Trifast plc 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   LEI                                                           213800WFIVE6RWK3CR22 
     ------------------------------------------------------------  ---------------------------------------------- 
 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 financial instrument, type of instrument   Ordinary Shares of 5 pence each 
       Identification code                                           GB0008883927 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Award under the Employee Share Plan* 
     ------------------------------------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s) 
                                                                         Nil       153,333 
                                                                                 ---------- 
     ------------------------------------------------------------  ---------------------------------------------- 
 d)   Aggregated information     Aggregated volume 
            Price                                                     153,333 Ordinary Shares of 5 pence each 
                                                                      Nil consideration 
     ------------------------------------------------------------  ---------------------------------------------- 
 e)   Date of the transaction                                       23 July 2018 
     ------------------------------------------------------------  ---------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
     ------------------------------------------------------------  ---------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Glenda Roberts 
     ------------------------------------------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Position/status                                               Group Sales Director 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Name                                                          Trifast plc 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   LEI                                                           213800WFIVE6RWK3CR22 
     ------------------------------------------------------------  ---------------------------------------------- 

 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 financial instrument, type of instrument   Ordinary Shares of 5 pence each 
       Identification code                                           GB0008883927 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Award under the Employee Share Plan* 
     ------------------------------------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s) 
                                                                         Nil       140,000 
                                                                                 ---------- 
     ------------------------------------------------------------  ---------------------------------------------- 
 d)   Aggregated information     Aggregated volume 
            Price                                                     140,000 Ordinary Shares of 5 pence each 
                                                                      Nil consideration 
     ------------------------------------------------------------  ---------------------------------------------- 
 e)   Date of the transaction                                       23 July 2018 
     ------------------------------------------------------------  ---------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
     ------------------------------------------------------------  ---------------------------------------------- 
 

*subject to vesting criteria as set out in the 2018 Annual Report

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July 23, 2018 11:20 ET (15:20 GMT)