Director/PDMR Shareholding & TVR

RNS Number : 3101C

Topps Tiles PLC

18 January 2018

 

Topps Tiles Plc (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

and

Total Voting Rights

PDMR Transaction

The Company has received notice that on 15 January 2018, Brian Linnington, a PDMR, exercised nil-cost share options in respect of 205,279 ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan (the "Exercise"). 

Following the Exercise, the Company received notice that Brian Linnington had sold 205,279 Ordinary Shares.

To satisfy the Exercise, The Topps Tiles Employee Benefit Trust (the "EBT") transferred 205,279 Ordinary Shares to satisfy the Exercise.

Certain other employees, none of which were PDMRs, have also exercised options over a total of 248,890 Ordinary Shares in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan. Following the exercise of these options the EBT transferred a further 248,890 Ordinary Shares to satisfy the awards. 

Issued Share Capital and Total Voting Rights

The Company also announces that its total issued share capital as at the 17 January 2018 consists of 196,437,298 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.

Following the transfers reported above the EBT now holds 2,908,474 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of these Ordinary Shares. Accordingly the total number of voting rights in the Company will be 193,528,824. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Director/ PDMR Shareholding

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian Linnington
2	Reason for the notification
a)	Position/status	Commercial Director (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Topps Tiles PLC
b)	LEI	2138009NA4K1NTLN7Q97
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	Ordinary Shares
	Identification Code	GB00B185P5K83
b)	Nature of the transaction	Exercise of options over Ordinary Shares
c)	Price(s) and volume(s)	Price	Volume
		Nil	205,279
d)	Aggregated information - Aggregated volume - Price	205,279   Nil
e)	Date of the transaction	15 January 2018
f)	Place of the transaction	Outside trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian Linnington
2	Reason for the notification
a)	Position/status	Commercial Director (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Topps Tiles PLC
b)	LEI	2138009NA4K1NTLN7Q97
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	Ordinary Shares
	Identification Code	GB00B185P5K83
b)	Nature of the transaction	Sales of Ordinary Shares
c)	Price(s) and volume(s)	Price	Volume
		90p	205,279
d)	Aggregated information - Aggregated volume - Price	205,279   90p
e)	Date of the transaction	15 January 2018
f)	Place of the transaction	London Stock Exchange

 

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