Tyman PLC Deferred Share Award and Directors' Dealings (6082H)
March 13 2018 - 10:54AM
UK Regulatory
TIDMTYMN
RNS Number : 6082H
Tyman PLC
13 March 2018
TYMAN PLC
("Tyman" or the "Group" or the "Company")
Deferred Share Awards and Directors' Dealings
Tyman plc, a leading international supplier of engineered
components to the door and window industry, announces that the
Remuneration Committee of the Company has granted the following nil
cost share awards on 12 March 2018 in respect of the year ended 31
December 2017 (the "2017 Awards") to the two Executive Directors of
the Company under the Company's Deferred Share Bonus Plan ("DSBP")
over ordinary shares of 5 pence each in the Company ("Ordinary
Shares").
Name Number of Ordinary Shares
subject to the Deferred
Plan Award
------------------ --------------------------
Louis Eperjesi 34,419
------------------ --------------------------
James Brotherton 21,243
------------------ --------------------------
Under the DSBP, 50 per cent. of Executive Director bonuses that
would otherwise have been payable are instead delivered in the form
of either conditional share awards or nil-cost options.
These awards will normally vest (together with dividend
equivalents in cash or Ordinary Shares) following the publication
of the Group's audited results for the year ending 31 December
2020, expected to be in March 2021. No consideration was paid for
the 2017 Awards and no consideration is due to be payable on
vesting.
A further 20 senior managers and executives employed by the
Company and its subsidiaries have also been granted under the DSBP
as nil-cost options deferred until March 2021 over a total of
59,952 Ordinary Shares.
13 March 2018
Enquiries:
Tyman plc 020 7976 8000
Carolyn Gibson - Company Secretary www.tymanplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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