Director/PDMR Shareholding

Trifast PLC

12 September 2024

 

Thursday, 12 September 2024

Trifast plc

(the "Company")

Notification and public disclosure of transactions by PDMR

The Company announces that, further to the terms set out in the Company's Directors' Remuneration Policy ("Policy") and the Trifast plc Executive Turnaround Plan ("Turnaround Plan"), both of which were approved at the AGM on 10 September 2024, the Remuneration Committee ("Committee") granted options to each of Iain Percival and Kate Ferguson over the number of ordinary shares of 5p each in the Company ("Ordinary Shares") as set out in the table below under the terms of the rules of the Turnaround Plan ("Rules").  The options were granted on 10 September 2024 with an exercise price of £0.8056 per Ordinary Share, being the average share price over the five business days immediately before the date of grant.

PDMR	Number of Ordinary Shares over which options granted	Equivalent percentage of issued share capital
Iain Percival	2,994,522	2.2%
Kate Ferguson	1,769,490	1.3%

¹ 74,478 Ordinary Shares placed under option to each PDMR were granted in the form of a CSOP option.

As set out in the Company's RNS announcement of 27 August 2024, and subject to the Rules, the options will vest subject to a performance target relating to the achievement of share price hurdles relating to the Ordinary Shares and become exercisable subject to any adjustment made through the application of a performance underpin. Vested options will become exercisable on a staggered basis on the 3^rd, 4^th and 5^th anniversaries of the date of grant.

Enquiries:

Trifast plc

Christopher Morgan

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	Iain Percival
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 option under the Trifast plc Executive Turnaround Plan
c.	Price(s) and volume(s)	Price(s)  Volume(s) £0.8056 2,920,044
d.	Aggregated information ·Aggregated volume ·Price	2,920,044 £0.8056
e.	Date of the transaction	10.09.24
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Iain Percival
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 CSOP option under the Trifast plc Executive Turnaround Plan
c.	Price(s) and volume(s)	Price(s)  Volume(s) £0.8056 74,478
d.	Aggregated information ·Aggregated volume ·Price	74,478 £0.8056
e.	Date of the transaction	10.09.24
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Kate Ferguson
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 option under the Trifast plc Executive Turnaround Plan
c.	Price(s) and volume(s)	Price(s)  Volume(s) £0.8056 1,695,012
d.	Aggregated information ·Aggregated volume ·Price	1,695,012 £0.8056
e.	Date of the transaction	10.09.24
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Kate Ferguson
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 CSOP option under the Trifast plc Executive Turnaround Plan
c.	Price(s) and volume(s)	Price(s)  Volume(s) £0.8056 74,478
d.	Aggregated information ·Aggregated volume ·Price	74,478 £0.8056
e.	Date of the transaction	10.09.24
f.	Place of the transaction	Outside a trading venue

 

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