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Topps Tiles - PDMR Shareholding and Issued Share Capital

RNS Number : 1952P
Topps Tiles PLC
08 October 2019
 

 

Topps Tiles plc

(the "Company")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR")

 

and

Issued Share Capital and Total Voting Rights

 

PDMR Transaction

The Company has received notice that, on 4 October 2019 a PDMR, Brian Linnington, exercised nil-cost share options in respect of 40,000 ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan (the "Exercise").

Following the Exercise, the Company received notice that Brian Linnington had sold 40,000 Ordinary Shares in two tranches, 18,840 on 4 October 2019 and 21,160 on 7 October 2019.

Issued Share Capital and Total Voting Rights

The Company also announces that its total issued share capital as at 8 October 2019 is 196,440,971 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury.

To satisfy the Exercise, The Topps Tiles Employee Benefit Trust (the "EBT") was requested to transfer 40,000 Ordinary Shares. Following this transfer the EBT now holds 1,478,694 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of these 1,478,694 Ordinary Shares. Accordingly, the total number of voting rights in the Company will be 194,962,277. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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 

  Brian Linnington 

 

2

Reason for the notification

a)

Position/status

  Managing Director - Commercial

 

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

 Exercise of nil cost options and sale of shares

c)

Price(s) and volume(s)

 

Price

Volume

Nil

Exercise of nil cost options over 40,000

65.000 pence

65.100 pence

Sale of 18,840 on 4 October 2019

Sale of 21,160 on 7 October 2019

 

d)

Aggregated information

- Aggregated volume

- Price

 

 40,000 ordinary shares

 65.0529 pence

 

e)

Date of the transaction

 4 October and 7 October 2019

 

f)

Place of the transaction

  London Stock Exchange

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Topps Tiles PLC

Price: 40.45201

Market: LSE
Market Cap: £79.46 m
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