Trifast PLC Director/PDMR Shareholding
September 12 2024 - 10:21AM
RNS Regulatory News
RNS Number : 0208E
Trifast PLC
12 September 2024
Thursday, 12 September
2024
Trifast plc
(the
"Company")
Notification and public
disclosure of transactions by PDMR
The Company announces that, further
to the terms set out in the Company's Directors' Remuneration
Policy ("Policy") and the Trifast plc Executive Turnaround Plan
("Turnaround Plan"), both of which were approved at the AGM on 10
September 2024, the Remuneration Committee ("Committee") granted
options to each of Iain Percival and Kate Ferguson over the number
of ordinary shares of 5p each in the Company ("Ordinary Shares") as
set out in the table below under the terms of the rules of the
Turnaround Plan ("Rules"). The options were granted on 10
September 2024 with an exercise price of £0.8056 per Ordinary
Share, being the average share price over
the five business days immediately before the date of
grant.
|
PDMR
|
Number of Ordinary
Shares
over which options
granted
|
Equivalent percentage of
issued share capital
|
|
Iain Percival
|
2,994,522
|
2.2%
|
|
Kate Ferguson
|
1,769,490
|
1.3%
|
1 74,478 Ordinary Shares placed under option to each PDMR were
granted in the form of a CSOP option.
As set out in the Company's RNS
announcement of 27 August 2024, and subject to the Rules, the
options will vest subject to a performance target relating to the
achievement of share price hurdles relating to the Ordinary Shares
and become exercisable subject to any adjustment made through the
application of a performance underpin. Vested options will become
exercisable on a staggered basis on the 3rd,
4th and 5th anniversaries of the date of
grant.
Enquiries:
Trifast plc
Christopher Morgan
Company Secretary
Tel: +44 (0) 1825 769696
www.trifast.com
The notifications below are made in
accordance with the requirements of the EU Market Abuse
Regulation.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Iain Percival
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Executive Officer
|
|
b.
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Trifast plc
|
|
b.
|
LEI
|
213800WFIVE6RWK3CR22
|
|
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 Identification
code
|
Ordinary shares of 5 pence
each
GB0008883927
|
|
b.
|
Nature of the transaction
|
Grant of option under the Trifast
plc Executive Turnaround Plan
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.8056
|
2,920,044
|
|
|
d.
|
Aggregated information
·Aggregated volume
·Price
|
2,920,044
£0.8056
|
|
e.
|
Date of the transaction
|
10.09.24
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Iain Percival
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Executive Officer
|
|
b.
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Trifast plc
|
|
b.
|
LEI
|
213800WFIVE6RWK3CR22
|
|
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 Identification
code
|
Ordinary shares of 5 pence
each
GB0008883927
|
|
b.
|
Nature of the transaction
|
Grant of CSOP option under the
Trifast plc Executive Turnaround
Plan
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.8056
|
74,478
|
|
|
d.
|
Aggregated information
·Aggregated volume
·Price
|
74,478
£0.8056
|
|
e.
|
Date of the transaction
|
10.09.24
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Kate Ferguson
|
|
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
|
Trifast plc
|
|
b.
|
LEI
|
213800WFIVE6RWK3CR22
|
|
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 Identification
code
|
Ordinary shares of 5 pence
each
GB0008883927
|
|
b.
|
Nature of the transaction
|
Grant of option under the Trifast
plc Executive Turnaround Plan
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.8056
|
1,695,012
|
|
|
d.
|
Aggregated information
·Aggregated volume
·Price
|
1,695,012
£0.8056
|
|
e.
|
Date of the transaction
|
10.09.24
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Kate Ferguson
|
|
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
|
Trifast plc
|
|
b.
|
LEI
|
213800WFIVE6RWK3CR22
|
|
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 Identification
code
|
Ordinary shares of 5 pence
each
GB0008883927
|
|
b.
|
Nature of the transaction
|
Grant of CSOP option under the
Trifast plc Executive Turnaround
Plan
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.8056
|
74,478
|
|
|
d.
|
Aggregated information
·Aggregated volume
·Price
|
74,478
£0.8056
|
|
e.
|
Date of the transaction
|
10.09.24
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
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