Voting Rights, LTIP Awards and DSBP Vesting

RNS Number : 7456R

Tyman PLC

10 March 2016

TYMAN PLC

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

LTIP Awards and Deferred Share Awards vest and Directors' Dealing

Voting Rights and Capital

2013 LTIP Awards vest

Tyman plc, a leading international supplier of engineered components to the door and window industry, announces that following the announcement of the Group's results for the year ended 31 December 2015 and approval by the Remuneration Committee of the Company (the "Committee"), share awards ("2013 Awards") under the Tyman Long Term Incentive Plan (the "LTIP"), in the form of nil cost options over ordinary shares of 5 pence each in the Company ("Ordinary Shares") vested on 8 March 2016.

The announcement of the Group's results for the year ended 31 December 2015 was the trigger event for the vesting of the 2013 Awards. The 2013 Awards were granted in November 2013 and covered the performance period from 1 January 2013 to 31 December 2015. Awards were dependent on the cumulative Underlying Basic EPS from continuing operations for the three years measured against a defined target range.

The Remuneration Committee has satisfied itself that the recorded Underlying Cumulative EPS is a genuine reflection of the underlying business performance of the Group over the performance period and accordingly has approved the vesting of the 2013 Awards at the calculated percentage set out below:

LTIP Award	Target Range	Achievement	% of Award to vest
2013 Awards	45.00p - 51.50p	51.57p	100%

The number of awards that have vested for the Executive Directors and the Senior Managers, including dividend shares where eligible, is as follows:

LTIP Award

Executive Directors

Senior Managers

Total

2013 Awards

210,704

632,909

843,613

2012 Deferred Share Awards vesting

The following nil cost share awards, including dividend shares where eligible, granted in March 2013 in respect of 50% of the Executive Directors' bonuses and in respect of 25% of senior managers' bonuses for the year ended 31 December 2012 and deferred until the announcement of the results of the Group for the year ended 31 December 2015, vested on 8 March 2016:

2012 DSBP Award	Executive Directors Shares
Executive Directors	81,902
Senior Managers	40,976
2012 Awards	122,878

Both the 2013 LTIP Awards and the DSBP Awards will be satisfied in accordance with Group policy through the issuance of shares from the Tyman Employees Benefit Trust ("EBT") and purchases of shares by the EBT.

Following the vesting of the 2013 LTIP Awards and the 2012 DSBP Awards, the Executive Directors' shareholdings in the Company are now as follows:

Director	Ordinary shares	% of issued shares held
James Brotherton	418,039	0.25
Louis Eperjesi	574,340	0.34

Voting Rights and Capital

Tyman's issued share capital consists of 170,104,385 ordinary 5p shares and the total number of voting rights in Tyman is 169,562,571 ordinary 5p shares. 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 Tyman under the FCA's Disclosure and Transparency Rules.

10 March 2016