Travis Perkins PLC : Director/PDMR Shareholding

Travis Perkins PLC : Director/PDMR Shareholding

The Company announces that, on 13 March 2018, 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 2017 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 £15.16 (the average market price over the dealing days falling within the last 30 days of the Company's 2017 financial year).

Name Status Number
of Options
John Carter Director 29,280
Tony Buffin Director 18,854
Alan Williams Director 17,677
Carol Kavanagh PDMR 9,932
Martin Meech PDMR 10,573
Cheryl Millington PDMR 10,418
Deborah Grimason PDMR 6,753
Paul Tallentire PDMR 6,752
Frank Elkins PDMR 13,505
Andrew Harrison PDMR 11,811


The options over these shares will normally be exercisable from 13 March 2021. 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, also on 13 March 2018, 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 £13.001 (the average market price over the 5 dealing days prior to the award).

Name Status Number
of Options
John Carter Director 79,624*
Tony Buffin Director 61,527*
Alan Williams Director 57,687*
Carol Kavanagh PDMR 30,368
Martin Meech PDMR 32,327
Paul Tallentire PDMR 32,305
Frank Elkins PDMR 32,305
Andrew Harrison PDMR 33,412
Cheryl Millington PDMR 31,852

The options over these shares will normally be exercisable from 13 March 2021, subject to the satisfaction of performance conditions. If the options vest they are exercisable until the tenth anniversary of grant.

* These awards are subject to an additional two year holding period following vesting.

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.

On the same date, John Carter was also awarded 592 market value options under the HMRC tax-advantaged CSOP element of the PSP with a face value of £7,697 and an exercise price of £13.001 (the average market value over the 5 dealing days prior to the award).  This award is subject to the same performance conditions as the PSP award.  If the options vest they are exercisable until the tenth anniversary of grant.

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

1Details of the person discharging managerial responsibilities/ person closely associated 
a) Name
  1. John Carter
  2. Tony Buffin
  3. Alan Williams
  4. Carol Kavanagh
  5. Martin Meech
  6. Cheryl Millington
  7. Deborah Grimason
  8. Paul Tallentire
  9. Frank Elkins
  10. Andrew Harrison
2Reason for the notification
a) Position/Status
  1. Chief Executive Officer
  2. Chief Operating Officer
  3. Chief Financial Officer
  4. Group Human Resources Director
  5. Group Property Director
  6. Chief Digital Officer
  7. Company Secretary and General Counsel
  8. CEO General Merchanting Division
  9. Divisional CEO Contract Merchanting Division
  10. Deputy CEO Plumbing & Heating Division
b) Initial notification/Amendment Initial Notification in each case
3Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Travis Perkins plc
b) LEI 2138001I27OUBAF22K83
4Details 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.
c) Price(s) and volume (s)    
Price(s) Volume(s)
Option price: £ Nil
  1. 29,280
  2. 18,854
  3. 17,677
  4.  9,932
  5. 10,573
  6. 10,418
  7.  6,753
  8.  6,752
  9. 13,505
  10. 11,811
d) Aggregated information

 

 

-Aggregated volume

 

-Price
     
Aggregate
Price
Aggregate
Volume
Aggregate
Total
n/a n/a n/a
e) Date of the transaction 13 March 2018
f) Place of the transaction n/a

Notification of Dealing Form

1Details of the person discharging managerial responsibilities/ person closely associated 
a) Name
  1. John Carter
  2. Tony Buffin
  3. Alan Williams
  4. Carol Kavanagh
  5. Martin Meech
  6. Paul Tallentire
  7. Frank Elkins
  8. Andrew Harrison
  9. Cheryl Millington
2Reason for the notification
a) Position/Status
  1. Chief Executive Officer
  2. Chief Operating Officer
  3. Chief Financial Officer
  4. Group Human Resources Director
  5. Group Property Director
  6. CEO General Merchanting Division
  7. Divisional CEO Contract Merchanting Division
  8. Deputy CEO Plumbing & Heating Division
  9. Chief Digital Officer
b) Initial notification/Amendment Initial Notification in each case
3Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Travis Perkins plc
b) LEI 2138001I27OUBAF22K83
4Details 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.
c) Price(s) and volume (s)    
Price(s) Volume(s)
Option price: £ Nil
  1. 79,624
  2. 61,527
  3. 57,687
  4. 30,368
  5. 32,327
  6. 32,305
  7. 32,305
  8. 33,412
  9. 31,852
d) Aggregated information

 

 

-Aggregated volume

 

-Price
     
Aggregate
Price
Aggregate
Volume
Aggregate
Total
n/a n/a n/a
e) Date of the transaction 13 March 2018
f) Place of the transaction n/a



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Travis Perkins PLC via Globenewswire

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