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Travis Perkins: Director/PDMR Shareholding

13th Mar 2019 16:31

Travis Perkins (TPK) Travis Perkins: Director/PDMR Shareholding 13-March-2019 / 16:31 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

The Company announces that, on 12 March 2019, the following awards in respect of ordinary shares of 10p each in the Company ("shares") were made by way of nil cost option under the Travis Perkins Plc 2017 Deferred Share Bonus Plan in respect of the annual deferred bonus for the 2018 Financial Year to PDMRs as set out below. The number of shares subject to the options awarded has been calculated using a share price of £10.80 (the average market price over the dealing days falling within the last 30 days of the Company's 2018 financial year).

 

Name

Status

Number

of Options

John Carter

Director

20,128

Alan Williams

Director

12,152

Frank Elkins

PDMR

17,799

Carol Kavanagh

PDMR

6,930

Martin Meech

PDMR

7,377

Andrew Harrison

PDMR

18,410

Patrick Knight

PDMR

5,529

Robin Miller

PDMR

1,158

The options over these shares will normally be exercisable from 12 March 2022. If the options vest they are exercisable until the tenth anniversary of grant.

 

In the event that dividends are paid in the period between grant and vesting, the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares. 

 

In addition, the Company confirms that on 12 March 2019, the following awards in respect of ordinary shares of 10p each in the Company ("shares") were made by way of nil cost option under the Travis Perkins Plc 2017 Performance Share Plan ("PSP") to PDMRs as set out below. The number of shares subject to the options awarded has been calculated using a share price of £14.19 (the average market price over the 5 dealing days prior to the award).

 

Name

Status

Number

of Options

Alan Williams

Director

53,911 *

Frank Elkins

PDMR

36,645

Carol Kavanagh

PDMR

28,380

Martin Meech

PDMR

30,211

Patrick Knight

PDMR

30,190

Robin Miller

PDMR

18,976

 * This award is subject to an additional two year holding period following vesting.

 

The options over these shares will normally be exercisable from 12 March 2022, subject to the satisfaction of performance conditions. If the options vest they are exercisable until the tenth anniversary of grant.

 

In the event that dividends are paid in the period between grant and vesting, the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

 

 

Also, on the 12 March 2019, the following awards were made under the HMRC tax-advantaged CSOP element of the PSP with an exercise price of £14.19 (the average market value over the 5 dealing days prior to the award).  These awards are subject to the same performance conditions as the PSP award. The options over these shares will normally be exercisable from 12 March 2022, subject to the satisfaction of performance conditions. If the options vest they are exercisable until the tenth anniversary of grant

 

Name

Status

Number

of Options

Frank Elkins

PDMR

2,114

Carol Kavanagh

PDMR

1,486

Martin Meech

PDMR

1,857

Patrick Knight

PDMR

2,114

 

The Notification of Dealing Form for each PDMR can be found below.  This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

 

 

For further information please contact:

 

 

 

Helen O'Keefe

Deputy Company Secretary

+44 (0)1604 685910

 

 

 

Notification of Dealing Form

 

1

Details of the person discharging managerial responsibilities/ person closely associated 

a)

Name

 John Carter Alan Williams Frank Elkins Carol Kavanagh Martin Meech Andrew Harrison Patrick Knight Robin Miller

2

Reason for the notification

a)

Position/Status

Chief Executive Officer Chief Financial Officer Chief Operating Officer - Trade Merchant Businesses Group Human Resources Director Group Property Director Chief Executive Officer - Plumbing & Heating Division Chief Information Officer Company Secretary and General Counsel

b)

Initial notification/Amendment

Initial Notification in each case

3

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

or auction monitor

a)

Name

Travis Perkins plc

b)

LEI

2138001I27OUBAF22K83

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 transaction have been

conducted

a)

Description of the financial

instrument,

type of instrument

Identification code

Ordinary Shares of 10 pence each

 

 

ISIN: GB0007739609

b)

Nature of the transaction

In each case, options over ordinary shares of 10 pence each granted under the Company's Deferred Share Bonus Plan at an option price of £10.80.

c)

Price(s) and volume (s)

 

 

Price(s)

Volume(s)

Option price: £ 10.80

 

 20,128 12,152 17,799 6,930 7,377 18,410   5.529 1,158

d)

Aggregated information

 

 

-Aggregated volume

 

-Price

 

 

 

Aggregate

Price

Aggregate

Volume

Aggregate

Total

n/a

n/a

n/a

e)

Date of the transaction

12 March 2019

f)

Place of the transaction

n/a
               

 

 

Notification of Dealing Form

 

1

Details of the person discharging managerial responsibilities/ person closely associated 

a)

Name

 Alan Williams Frank Elkins Carol Kavanagh Martin Meech Patrick Knight Robin Miller

2

Reason for the notification

a)

Position/Status

Chief Financial Officer Chief Operating Officer - Trade Merchant Businesses Group Human Resources Director Group Property Director Chief Information Officer Company Secretary and General Counsel

b)

Initial notification/Amendment

Initial Notification in each case

3

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

or auction monitor

a)

Name

Travis Perkins plc

b)

LEI

2138001I27OUBAF22K83

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 transaction have been

conducted

a)

Description of the financial

instrument,

type of instrument

Identification code

Ordinary Shares of 10 pence each

 

 

ISIN: GB0007739609

b)

Nature of the transaction

In each case, options over ordinary shares of 10 pence each granted under the Company's Performance Share Plan at an option price of £14.19

c)

Price(s) and volume (s)

 

 

Price(s)

Volume(s)

Option price: £ 14.19

 

 53,911 38,759 29,866 32,068 32,304 18,976

d)

Aggregated information

 

 

-Aggregated volume

 

-Price

 

 

 

Aggregate

Price

Aggregate

Volume

Aggregate

Total

n/a

n/a

n/a

e)

Date of the transaction

12 March 2019

f)

Place of the transaction

n/a
               

 

 

 

ISIN:GB0007739609
Category Code:DSH
TIDM:TPK
LEI Code:2138001I27OUBAF22K83
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:7807
EQS News ID:787287
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Travis Perkins
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