Director/PDMR Shareholding

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 /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	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 - Aggregated volume - Price	N/A
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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