Director/PDMR Shareholding

RNS Number : 5997Q
Diploma PLC
30 November 2016
 

 

DIPLOMA PLC

                                           12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: +44 (0)20 7549 5700

FACSIMILE: +44 (0)20 7549 5715

 

FOR IMMEDIATE RELEASE

 

30 November 2016

 

DIPLOMA PLC 

(the "Company")

 

DIRECTOR / PDMR Dealings

 

Diploma PLC has been notified that the following Directors have exercised in full, their options over Ordinary Shares of 5p each in the Company ("Shares") which vested, in connection with share awards granted on 9 December 2013 under the Diploma PLC 2011 Performance Share Plan ("PSP") and under the Diploma PLC 2011 Share Matching Plan ("SMP"). As a consequence, the Directors have become entitled to acquire Shares in the Company as set out below. 

 

These nil cost options relate to the three-year performance period ended 30 September 2016. Further details relating to the performance conditions of these awards are set out in the Annual Report & Accounts 2016 which will be mailed to shareholders on 8 December 2016.

 

The number of Shares acquired by the Directors has been reduced as part of arrangements under which the Company will settle the PAYE liability of the Directors which arises as a result of the exercise of the options.  The table below shows the total number of Shares vested, the PAYE adjustment on the vested Shares and the net number of Shares acquired by each Director.

 

Number of Shares

 

Total Shares Vested

PAYE Adjustment

Total Shares Acquired

 

Market Price

BM Thompson

53,436

(25,115)

28,321

924p

NP Lingwood

34,599

(16,261)

18,338

924p

 

Following the above transaction, the Directors disposed of Shares on 29 November 2016 as follows:

 

Number of Shares

 

 

 

Shares Sold

 

Shares Gifted*

 

Share Price

Resultant Beneficial Holding

 

% of Issued Share Capital

BM Thompson

128,321

5,000

924p

745,000

0.66%

NP Lingwood

18,338

-

924p

275,000

0.24%

 

*Mr BM Thompson, a Director of the Company, transferred 5,000 Shares in the Company for nil consideration to a charitable foundation of which Mr Thompson is a trustee. 

 

 

The notification set out below has been made in accordance with Article 19 of the EU Market Abuse Regulation.

 

 

1

 

Details of the Director/PDMR/PCA

 

a)

Name

 

1.

BM Thompson

 

 

2.

NP Lingwood

 

 

 

 

2

 

Reason for the notification

 

a)

Position/Status

 

1.

Chief Executive Officer

 

 

2.

Group Finance Director

 

 

 

b)

Initial notification/Amendment

 

Initial notification

 

3

 

Details of the issuer

 

a)

Name

 

Diploma PLC

b)

LEI

 

N/A

 

4

 

Details of the transactions:

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 5p each in the Company

 

 

 

GB0001826634

b)

Nature of the transaction

 

1.

Exercise, sale of shares and gift of shares

 

 

2.

Exercise and sale of shares

 

 

 

c)

Price(s) and volume(s)

 

 

 

Price

Volume

1.

924p

128,321

 

Gift

5,000

2.

924p

18,338

          

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

 

 

Price

Volume

1.

924p

128,321

 

Gift

5,000

2.

924p

18,338

 

e)

Date of the transaction

 

29 November 2016

f)

Place of the transaction

 

London Stock Exchange, United Kingdom

 

For further information, please contact:

 

Diploma PLC -

+44 (0)20 7549 5700

Anthony Gallagher, Group Company Secretary

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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