Director/PDMR Shareholding

RNS Number : 9377M

Polypipe Group PLC

02 May 2018

 

Polypipe Group plc ('the Company')

Notification of Transaction by Persons Discharging Managerial Responsibilities

The Company announces that on 2 May 2018, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.

1. Name	2. No. of Shares subject to DSBP	3. Exercise dates	4. Lapse Dates
Martin Payne	15,476	02/05/2020 (50%) 02/05/2021 (50%)	2 May 2028
Glen Sabin	2,964	02/05/2020 (50%) 02/05/2021 (50%)	2 May 2028

 For further information on the DSBP, please refer to the 2017 Annual Report and Accounts which is available at www.polypipe.com

The notifications below, which have 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. 

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 /Amendment	Initial notification
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 financial instrument, type of instrument Identification code	Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc GB00BKRC5K31
b)	Nature of the transaction	Nil-cost options granted as a Deferred Share Award on 2 May 2018, vesting on 2 May 2020 (50%) and 2 May 2021 (50%), exercisable for 10 years from the date of grant.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 15,476
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	2 May 2018
f)	Place of the transaction	Outside of 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 /Amendment	Initial notification
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 financial instrument, type of instrument Identification code	Ordinary Shares ("Shares") of £0.001 each in the capital of Polypipe Group plc GB00BKRC5K31
b)	Nature of the transaction	Nil-cost options granted as a Deferred Share Award on 2 May 2018, vesting on 2 May 2020 (50%) and 2 May 2021 (50%), exercisable for 10 years from the date of grant.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 2,964
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	2 May 2018
f)	Place of the transaction	Outside of a Trading Venue

Contact:

Emma Versluys, Company Secretary

[phone]

 

END

 

 

DSHFKBDDPBKDDPK