PDMR Transaction
Updated : 22:36
Topps Tiles plc
(the "Company")
PDMR Transaction
The Company has received notice that, on 15 December 2022, Robert Parker, Stephen Hopson, Richard Carter, Timothy Tatlock, Linda Sleath and Daniel Little, 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 2024/25 financial period excluding exceptional items and subject to such adjustments as the Board in its discretion determines are fair and reasonable, is between 3.46 pence per share for vesting at 10% and 6.92 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. Timothy Tatlock 5. Linda Sleath 6. Daniel Little | |||||||||||||||||||||
2 | Reason for the notification | ||||||||||||||||||||||
a) | Position/status | 1. Chief Executive Officer (PDMR) 2. Chief Financial Officer (PDMR) 3. Retail Managing Director (PDMR) 4. Buying Director (PDMR) 5. Director of HR (PDMR) 6. Commercial Managing Director (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
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b) | LEI | 2138009NA4K1NTLN7Q97
| |||||||||||||||||||||
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 | GB00B18P5K83 | ||||||||||||||||||||||
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)
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1. | |||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||||||||||||||||||
e) | Date of the transaction | Thursday, 15 December 2022 | |||||||||||||||||||||
f) | Place of the transaction | Outside of a trading venue | |||||||||||||||||||||
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