Director/PDMR Shareholding

RNS Number : 4937V

Trifast PLC

23 July 2018

 

Monday, 23 July 2018

 

Trifast plc

(the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities

The Company announces that, further to the terms set out in the Company's Remuneration Policy, the Remuneration Committee has granted the following LTIP awards to the Executive Directors in the form of ordinary shares of 5p each in the Company ("Ordinary Shares") under the terms of the Employee Share Plan and these awards have been accepted by the Executive Directors.  The scheme includes a three-year vesting period for these awards as well as an ongoing corporate performance requirement for the period until vesting.  No payment will be made for the grant or vesting of these awards.

Name	Position	Number of LTIP awards1
Mark Belton	Chief Executive Officer	200,000
Clare Foster	Chief Financial Officer	153,333
Glenda Roberts	Group Sales Director	140,000

¹ Calculated using a share price of £2.25 being the closing share price on 20 July 2018 (the last business day prior to the grant date of 23 July 2018).

Enquiries:

Trifast plc

Lyndsey Case Company Secretary Tel: [phone] www.trifast.com

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Belton
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trifast plc
b)	LEI	213800WFIVE6RWK3CR22
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 of 5 pence each GB0008883927
b)	Nature of the transaction	Grant of Award under the Employee Share Plan*
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 200,000
d)	Aggregated information Aggregated volume Price	200,000 Ordinary Shares of 5 pence each Nil consideration
e)	Date of the transaction	23 July 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Clare Foster
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trifast plc
b)	LEI	213800WFIVE6RWK3CR22
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 of 5 pence each GB0008883927
b)	Nature of the transaction	Grant of Award under the Employee Share Plan*
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 153,333
d)	Aggregated information Aggregated volume Price	153,333 Ordinary Shares of 5 pence each Nil consideration
e)	Date of the transaction	23 July 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Glenda Roberts
2	Reason for the notification
a)	Position/status	Group Sales Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trifast plc
b)	LEI	213800WFIVE6RWK3CR22
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 of 5 pence each GB0008883927
b)	Nature of the transaction	Grant of Award under the Employee Share Plan*
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 140,000
d)	Aggregated information Aggregated volume Price	140,000 Ordinary Shares of 5 pence each Nil consideration
e)	Date of the transaction	23 July 2018
f)	Place of the transaction	Outside a trading venue

*subject to vesting criteria as set out in the 2018 Annual Report

 

END

 

 

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