REG - Trifast PLC - Director/PDMR Shareholding

TrifastAnnouncement

12/09/2024 16:30

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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    Equivalent percentage of issued share capital

                over which options granted
 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 3(rd), 4(th) and 5(th) anniversaries of the date of grant.

 

 

Enquiries:

Trifast plc

Christopher Morgan

Company Secretary

Tel: +44 (0) 1825 769696

www.trifast.com (http://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                        Ordinary shares of 5 pence each

     Financial instrument, type

     of instrument Identification code         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                        2,920,044

     ·Price                                    £0.8056
 e.  Date of the transaction                   10.09.24
 f.  Place of the transaction                  Outside a trading venue

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                        Ordinary shares of 5 pence each

     Financial instrument, type

     of instrument Identification code         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                        74,478

     ·Price                                    £0.8056
 e.  Date of the transaction                   10.09.24
 f.  Place of the transaction                  Outside a trading venue

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                        Ordinary shares of 5 pence each

     Financial instrument, type

     of instrument Identification code         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                        1,695,012

     ·Price                                    £0.8056
 e.  Date of the transaction                   10.09.24
 f.  Place of the transaction                  Outside a trading venue

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                        Ordinary shares of 5 pence each

     Financial instrument, type

     of instrument Identification code         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                        74,478

     ·Price                                    £0.8056
 e.  Date of the transaction                   10.09.24
 f.  Place of the transaction                  Outside a trading venue

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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