Share Award and Issue of Equity

RNS Number : 8489W

Topps Tiles PLC

31 January 2013

 



Topps Tiles Plc

("Topps" or the "Company")

Deferred Bonus Long Term Incentive Plan (the "Plan") Award

The Company announces that on the 31^st January 2013 it issued 191,085 ordinary shares of 3.33 pence each ("Ordinary Shares") under the Plan to Executive Directors of the Company, other persons discharging managerial responsibilities ("PDMRs") and employees as part of their bonus for the year ended September 2012.

Details of the number of shares awarded to Executive Directors and PDMR's are set out below:-

                                                                                No. of ordinary shares subject  

                                                                                to award under the Plan              

Executive Directors

Matthew Williams                                       55,244                                                  

Rob Parker                                                       32,232                                                  

PDMR's

Richard Carter                                                 27,422

Awards granted under the Plan will vest in November 2014 pursuant to the Plan and the numbers of shares awarded have been calculated by reference to the average share price for the financial year ending September 2012 of 36.25p.

The Plan also provides for the issue of an award of matching shares in November 2014 which is conditional upon the achievement of performance criteria and continuing employment.

Application has been made today to the UK Listing Authority and to the London Stock Exchange for the new Ordinary Shares, to be admitted to the Official List maintained by the UK Listing Authority, and to be admitted to trading by the London Stock Exchange on its market for listed securities. It is expected that admission of the Ordinary Shares will become effective on or around 6 February 2013

Immediately following admission the total issued share capital of the Company will be 192,043,795 Ordinary shares, each with equal voting rights.

Enquiries:

Topps Tiles 0161 486 2400

Matthew Williams, Chief Executive Officer

Rob Parker, Finance Director

 

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