RNS Number : 1195R
Polypipe Group PLC
08 September 2014
 



8 September 2014

 

        Polypipe Group plc

          (the "Company")

 

Notification of Transaction by Persons

Discharging Managerial Responsibilities

 

 

Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4R, the Company hereby notifies the following change in the interests of directors and persons discharging managerial responsibility ("PDMRs") in Ordinary Shares of £0.001 each in the Company ("Shares") on 8 September 2014.

 

1.       Long Term Incentive Plan

 

On 8 September 2014, an award under the Company's Long Term Incentive Plan (the "LTIP Plan") was granted over Shares as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the LTIP Plan rules.

 

For further information on the LTIP Plan, please refer to the prospectus published on 11 April 2014. 

 

 1. Name

 2. Status

3. No. of Shares  subject to LTIP

 4. Lapse Date

5. Market value of     shares awarded

Simon Howard

PDMR

25,490

8 September 2024

£65,000

 

 

Contacts:

Polypipe Group plc

Peter Shepherd, Chief Financial Officer 44 (0) 1709 770 000

Brunswick

Simon Maine

 

44 (0) 20 7404 5959

 


 


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