Deferred Share Awards and Directors' Dealings

RNS Number : 1620H

Tyman PLC

11 March 2015

 

TYMAN PLC

("Tyman" or the "Group" or the "Company")

Deferred Share Awards and Directors' Dealings

Tyman plc, a leading international supplier of components to the door and window industry, announces that the Remuneration Committee of the Company has granted the following nil cost share awards in respect of the year ended 31 December 2014 (the "2014 Awards") to the Executive Directors of the Company under the Company's Deferred Share Bonus Plan ("DSBP") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Name	Number of Ordinary Shares subject to the Deferred Plan Award
Louis Eperjesi	17,690
James Brotherton	11,970

Under the DSBP, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options.

These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) following the publication of the Group's audited results for the year ending 31 December 2017, expected to be in March 2018. No consideration was paid for the 2014 Awards and no consideration is due to be payable on vesting.

A further 11 senior managers and executives employed by the Company and its subsidiaries have also been granted under the DSBP either conditional share awards or nil-cost options deferred until March 2018 over a total of 52,313 Ordinary Shares.

11 March 2015

Enquiries:
Tyman plc	020 7976 8000
Kevin O'Connell - Company Secretary	www.tymanplc.com

 

END

 

 

RDSLLFILVDILLIE