Exercise of Options and Share Sales

RNS Number : 8111K

Trifast PLC

27 June 2014

 

Friday, 27 June 2014

Trifast plc

(the "Company" or "Trifast")

PDMR Exercise of Options and Share Sales

Executive Directors' holdings increase

Trifast plc (Symbol: TRI), the international fastenings group announces that on 26 June 2014, the Company issued 1,750,000 ordinary shares pursuant to the exercise of options by a number of Directors and employees under the Company's Unapproved 2009 Share Option Plan.  Subsequently these ordinary shares have been successfully placed by Arden Partners plc with a number of institutions, largely in order to meet Tax and NI obligations triggered on exercise. The Directors notified the Company of the transactions pursuant to DTR 3.1.2 on 26 June 2014.  The resultant holdings of the PDMRs are as follows:

Director	Shareholding as at 23.6.14	Options exercised	Shares sold on 24 and 26 June respectively	Price options sold	Shareholding following the exercise of options	% of total issued share capital
Geoffrey Budd	307,264	500,000	146,477 110,787	126p 125p	550,000	0.48
Mark Belton	68,565	500,000	181,378 137,187	126p 125p	250,000	0.22
Glenda Roberts	29,307	250,000	73,622 55,685	126p 125p	150,000	0.13
Neil Chapman (NED)	1,507,500	150,000	85,404 64,596	126p 125p	1,507,500	1.33
Thomas Tan (PDMR)	-	250,000	142,340 107,660	126p 125p	-	-

Following this exercise, the Executive Directors of the Company have increased their overall holdings in the Company. As at today's date, the Directors and related party holdings in the Company total 3,564,529 ordinary shares representing 3.14% of the total ordinary share capital in the Company.

Total Voting Rights For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital as at the today's date (27.6.14) was 113,454,406 ordinary shares of 5p each. The total number of voting rights in the Company is therefore 113,454,406.  The 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.

Enquiries:
Trifast plc	TooleyStreet Communications Ltd	Arden Partners plc
Mark Belton, Group Finance Director & Company Secretary Telephone: [phone]	IR, Corporate & Media Relations Fiona Tooley Mobile: [phone]	Stockbrokers to the Company Chris Hardie and Katelin Kennish Telephone: [phone]
Group website: www.trifast.com LSE Listing: Ticker: TRI  FTSE index sector: FTSE SmallCap and FTSE All-Share	Trifast's trading business TR Fastenings is a leading international manufacturer and distributor of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia.

 

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