Director/PDMR Shareholding

RNS Number : 2747R

Polypipe Group PLC

26 June 2020

 

Polypipe Group plc (the "Company")

Notification of transactions by Persons Discharging Managerial Responsibilities

The Company announces that on 26 June 2020, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, acquired 651 Shares in lieu of dividends payable, following the exercise of the Awards granted to him on 25 April 2017 and 2 May 2018 under the Deferred Share Bonus Plan, details of which were announced on 18 June 2020. 

The Company also announces that on 26 June 2020, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, acquired 57 Shares in lieu of dividends payable, following the exercise of the Award granted to him on 2 May 2018 under the Deferred Share Bonus Plan, details of which were also announced on 18 June 2020. 

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide 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	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	Acquisition of Shares in lieu of dividends for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan award granted on 25 April 2017 (" 2017 DSBP") Deferred Share Bonus Plan award granted on 2 May 2018 ("2018 DSBP")
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 351 - Number of 2017 DSBP Shares acquired having satisfied appropriate tax and national insurance liabilities. 300 - Number of 2018 DSBP Shares acquired having satisfied appropriate tax and national insurance liabilities.
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2020
f)	Place of the transaction	Outside a trading venue

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 in lieu of dividends for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan ("DSBP") award granted on 2 May 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 57 - Number of DSBP Shares acquired having satisfied appropriate tax and national insurance liabilities.
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2020
f)	Place of the transaction	Outside a trading venue

Enquiries:

Emma Versluys, Company Secretary

[phone]

 

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