Director/PDMR Shareholding

Tyman PLC

24 July 2024

 

TYMAN PLC

("Tyman" or the "Company" or the "Group")

DIRECTOR/PDMR SHAREHOLDINGS

The following disclosure is made in accordance with Article 19 of EU Market Abuse Regulation No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

Tyman plc announces that it has been notified of the following transactions in the Company's ordinary 5p shares ("Ordinary Shares") undertaken by Executive Director and PDMR, Jason Ashton, CFO.

Impact of the recommended offer for the Company

On 22 April 2024, the boards of Quanex Building Products Corporation ("Quanex") and Tyman announced (the "2.7 Announcement") that they reached agreement on the terms of a recommended cash and share offer, pursuant to which Quanex will acquire the entire issued and to be issued ordinary share capital of Tyman (the "Transaction"). In this section, all capitalised terms used shall have the same meaning as in the 2.7 Announcement, unless expressly defined otherwise.

Pursuant to the terms agreed by Quanex and Tyman, options over Ordinary Shares under the Deferred Share Bonus Plan (the "DSBP") vested in full and were exercised by Jason Ashton on 24 July 2024, being the date the Court sanctioned the scheme of arrangement for the Transaction ("Court Sanction"). Options over Ordinary Shares under the Long Term Incentive Plan (the "LTIP") vested to the extent determined by the Company's Remuneration Committee and were exercised by Jason Ashton on the date of Court Sanction.  Options over Ordinary Shares under the Company's UK Sharesave scheme were also exercised on the date of Court Sanction, to the extent of savings made under the Company's UK Sharesave scheme at the time of exercise.

Ordinary Shares under options exercised by Jason Ashton were as follows:

Tyman Share Plan	Number of Ordinary Shares to be acquired on exercise	Exercise cost (£) per Ordinary Share
DSBP	156,489	Nil
LTIP	251,250	Nil
Sharesave 2023	1,873	£2.41

1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Names	i.          JASON ASHTON
2	Reason for the notification
a)	Position/status	i.          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	TYMAN PLC
b)	LEI	213800AAFUV5PKGQU848
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 OF 5P EACH
	Identification code	ISIN NUMBER:GB00B29H4253
b)	Nature of the transaction	A.   EXERCISE OF DSBP OPTIONS OVER ORDINARY SHARES.
c)	Prices (s) and volume(s)		Price	Volume
		A ii.	£NIL	156,489
d)	Aggregated information
	- Aggregated volume	·      156,489
	- Price	·      £NIL
e)	Date of the transaction	24 July 2024
f)	Place of the transaction	OUTSIDE A TRADING VENUE

1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Names	JASON ASHTON
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	TYMAN PLC
b)	LEI	213800AAFUV5PKGQU848
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 OF 5P EACH
	Identification code	ISIN NUMBER:GB00B29H4253
b)	Nature of the transaction	A.   EXERCISE OF LTIP SHARE OPTIONS.
c)	Prices (s) and volume(s)		Price	Volume
		A	£Nil	251,250
d)	Aggregated information	A. 251,250 options over Ordinary Shares at £Nil Cost per share
	- Volume - Price - Total
e)	Date of the transaction	24 JULY 2024
f)	Place of the transaction	OUTSIDE A TRADING VENUE

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	(i)       JASON ASHTON
2	Reason for the notification
a)	Position/status	(i)       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	TYMAN PLC
b)	LEI	213800AAFUV5PKGQU848
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 of 5 pence each
	Identification code	ISIN number:GB00B29H4253
b)	Nature of the transaction	Exercise of an option to acquire Ordinary Shares under Tyman's UK Sharesave Plan
c)	Prices (s) and volume(s)		Price(s) (£) Volume(s) i. £2.41 1,873
d)	Aggregated information
	- Aggregated volume	·      1,873
	- Price	·      £2.41
e)	Date of the transaction	24 July 2024
f)	Place of the transaction	OUTSIDE A TRADING VENUE

For further information:

Peter Ho

General Counsel & Company Secretary

020 7976 8000

24 July 2024

 

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