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Topps Tiles PLC

Topps Tiles - PDMR Transaction

RNS Number : 4111J
Topps Tiles PLC
21 December 2020
 

 

Topps Tiles plc

(the "Company")

PDMR Transaction

The Company has received notice that, on 16 December 2020, Robert Parker, Stephen Hopson, Richard Carter, Brian Linnington, Timothy Tatlock and Linda Sleath, each a PDMR, were awarded nil-cost share options in respect of ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") as detailed below, in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan. The Vesting of each award is subject to the satisfaction of the performance condition that EPS as stated in the Company's accounts for the 2022/23 financial period excluding exceptional items and subject to such adjustments as the Board in its discretion determines are fair and reasonable, is between 3.16  pence per share for vesting at 10% and 7.89 pence per share for vesting at 100%.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

Name 

1.   Robert Parker

2.   Stephen Hopson

3.   Richard Carter

4.   Brian Linnington

5.   Timothy Tatlock

6.   Linda Sleath

2

Reason for the notification

a)

Position/status

1.   Chief Executive Officer (PDMR)

2.   Chief Financial Officer (PDMR)

3.   Retail Managing Director (PDMR)

4.   Commercial Managing Director (PDMR)

5.   Buying Director (PDMR)

6.   Director of HR (PDMR)

b)

 

Initial notification /Amendment

  Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

  Topps Tiles PLC

 

b)

LEI

  2138009NA4KINTLN7Q97

 

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

 

  Ordinary shares of 3.33 pence each

 

 

Identification Code

GB00B185P5K83

b)

Nature of the transaction

Grant of nil cost options pursuant to the Topps Tiles 2013 Long Term Incentive Plan

c)

Price(s) and volume(s)

 

  

PDMR

Price

Volume

Robert Parker

 

£0.00

827,301

Stephen Hopson

 

£0.00

413,650

Richard Carter

 

£0.00

517,063

Brian Linnington

 

£0.00

351,683

Timothy Tatlock

 

£0.00

361,944

Linda Sleath

 

£0.00

265,770

   

d)

Aggregated information

- Aggregated volume

- Price

  N/A

e)

Date of the transaction

  16 December 2020

f)

Place of the transaction

   Outside of a trading venue

 

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