Travis Perkins: Director/PDMR Shareholding
Travis Perkins (TPK)
Travis Perkins: Director/PDMR Shareholding
21-March-2023 / 12:17 GMT/BST
The Company announces that on 20 March 2023, the following awards in respect of ordinary shares of 11.205105p each in the Company ("Shares") were made by way of nil cost options under the Travis Perkins Plc Restricted Share Plan ("RSP") to PDMRs as set out below. The number of shares subject to the options awarded has been calculated using a share price of £9.408 (being the mid-market closing price of the Company's Shares as derived from the London Stock Exchange’s Daily Official List on the dealing day immediately preceding the Grant Date).
Name
Status
Number of options
Nick Roberts
Director and PDMR
87,078
Alan Williams
Director and PDMR
70,841
Robin Miller
PDMR
31,749
The options awarded to Nick Roberts and Alan Williams shall comprise two tranches of which 75% percent of the award shall vest on 20 March 2026, and will normally be exercisable from 20 March 2028 after the completion of a two year holding period following vesting. The remaining 25% of the award shall vest on 20 March 2028. If the options vest they will be exercisable until the tenth anniversary of the Grant Date. The awards are subject to performance underpins.
The options awarded to Robin Miller shall vest on 20 March 2026. If the options vest they will be exercisable until the tenth anniversary of the Grant Date. The awards are subject to performance underpins.
In the event that dividends are paid in the period between grant and the release date, the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares.
The Notification of Dealing Form for each PDMR can be found below. This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.
For further information please contact:
Sophie Leivers
Company Secretarial Assistant
+44 (0)7500 559100
Notification of Dealing Form
1
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Nick Roberts Alan Williams Robin Miller2
Reason for the notification
a)
Position/Status
Chief Executive Officer Chief Financial Officer General Counsel and Company Secretaryb)
Initial notification/Amendment
Initial Notification in each case
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a)
Name
Travis Perkins plc
b)
LEI
2138001I27OUBAF22K83
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 transaction have been
conducted
a)
Description of the financial
instrument,
type of instrument
Identification code
Ordinary Shares of 11.205105 pence each
ISIN: GB00BK9RKT01
b)
Nature of the transaction
In each case, options over ordinary shares of 11.205105 pence each granted under the Company's Restricted Share Plan at nil cost.
c)
Price(s) and volume (s)
Price(s)
Volume(s)
Option price: £9.408
87,078 70,841 31,749d)
Aggregated information
-Aggregated volume
-Price
Aggregate
Price
Aggregate
Volume
Aggregate
Total
n/a
n/a
n/a
e)
Date of the transaction
20 March 2023
f)
Place of the transaction
XLON
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: GB00BK9RKT01 Category Code: DSH TIDM: TPK LEI Code: 2138001I27OUBAF22K83 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 231529 EQS News ID: 1588261
End of Announcement EQS News Service