Director/PDMR Share Award

RNS Number : 8320Y

Topps Tiles PLC

27 February 2013

 

Topps Tiles PLC

27^th February 2013

Topps Tiles plc. (the "Company")                               

Director/PDMR Share Award

The Company announces the following dealings by PDMRs in the Company's ordinary shares totalling 2,073,475 shares

On 26^th February 2013 Topps Tiles plc. granted awards in the form of nil cost options ("Awards") in connection with the Topps Tiles 2013 Long Term Incentive  Plan  ("LTIP") as follows:-

Director/PDMR	Number of Shares subject to Awards	Date of Award
Matthew Williams	805,618	26th February 2013
Rob Parker	483,371	26th February 2013
Richard Carter	406,760	26th February 2013
Brian Linnington	377,725	26th February 2013

The number of shares under option was determined using a share price of 46.3 pence based on 3 days prior to year end

The Awards will vest and become exercisable from the 1^st December 2015 but only to the extent that the performance conditions are met.

No consideration is payable on the grant of these Awards.

The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.

Rob Parker

Company Secretary

Topps Tiles plc.

 

END

 

 

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