NOTIFICATION OF SHARE AWARDS

RNS Number : 2466S

Trifast PLC

22 June 2018

 

Friday, 22 June 2018

 

Trifast plc

(the "Company")

NOTIFICATION OF SHARE AWARDS

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 Year End 2018 Long Term Incentive Plan Scheme, 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 deferred share bonus awards1
Mark Belton	Chief Executive Officer	216,346
Clare Foster	Chief Financial Officer	165,865
Geoff Budd2	Managing Director, TR Europe	151,442
Glenda Roberts	Group Sales Director	151,442

¹ Calculated using a share price of £2.08 being the share price on the last business day prior to the grant date of 30 September 2017 to which the 'Year End 2018 Long Term Incentive Plan Scheme' relates

² Retired from the Board 31 March 2018

Enquiries:

Trifast plc

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

 

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