Tyman PLC Director/PDMR Shareholding (8646L)

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RNS Number : 8646L

Tyman PLC

04 May 2020

Tyman plc 4 May 2020

Director/PDMR Shareholding

Vesting of Award

As announced on 1 April 2019, Tyman plc (the "Company") granted an award of ordinary shares (the "Award) to Jo Hallas in reliance on Listing Rule 9.4.2(2) and in accordance with the Company's current Directors' Remuneration Policy. The Award was granted in connection with Jo's recruitment and her appointment as the Company's CEO and was intended to compensate her for unvested LTIP awards granted to her by her former employer that were forfeited on her joining the Company.

The Award comprised of two tranches: the first vested on 30 April 2020; and, the second tranche is due to vest 30 April 2021. In each case, vesting is subject to Jo's continued service in the Company.

Jo acquired 165,062 shares (this comprised of the original award of 156,813 shares and 8,249 dividend equivalent shares) for nil consideration under the first tranche of the Award. This vesting was satisfied in accordance with the Group's policy through the transfer of shares from the Tyman Employees Benefit Trust.

Jo sold 77,735 shares at GBP1.69031 per share to cover her tax liability and dealing costs that arose on the vesting of the Award, and has retained all the remaining shares.

The following disclosure is made in accordance with Article 19 of EU Market Abuse Regulation No. 596/2014.

 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                       JO HALLAS 
     -------------------------  --------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position /                 CHIEF EXECUTIVE OFFICER 
       status 
     -------------------------  --------------------------------------------- 
 b)   Initial notification       INITIAL NOTIFICATION 
       / amendment 
     -------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                       TYMAN PLC 
     -------------------------  --------------------------------------------- 
 b)   Legal Entity               213800AAFUV5PKGQU848 
       Identifier 
     -------------------------  --------------------------------------------- 
 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                ORDINARY SHARES OF 5P EACH IN TYMAN PLC 
       of the financial 
       instrument 
     -------------------------  --------------------------------------------- 
      Identification             GB00B29H4253 
       code 
     -------------------------  --------------------------------------------- 
 b)   Nature of                  SALES OF SHARES TO SATISFY THE TAX LIABILITY 
       the transaction            AND FEES ARISING FROM A VESTING OF SHARES 
                                  AWARDED IN RELIANCE OF LR 9.4.2(2) 
---  -------------------------  --------------------------------------------- 
 c)   Price(s) and                Price(s)      Volume(s) 
       volume(s)                   GBP1.69031    77,735 
                                                ---------- 
     -------------------------  --------------------------------------------- 
 d)   Aggregated 
       information 
        *    Aggregated volume 
                                   77,735 shares 
 
        *    Aggregated price      GBP1.69031 per share 
     -------------------------  --------------------------------------------- 
 e)   Dates of the               30 APRIL AND 1 MAY 2020 
       transactions 
     -------------------------  --------------------------------------------- 
 f)   Place of the               LONDON STOCK EXCHANGE 
       transactions 
     -------------------------  --------------------------------------------- 
 

For further information:

Peter Ho

General Counsel & Company Secretary

020 7976 8000

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May 04, 2020 11:14 ET (15:14 GMT)