RNS Number : 7050A
Topps Tiles PLC
03 April 2012
 

Topps Tiles plc (the "Company")

Exercise of SAYE Options and Notifications of Transactions of Directors/ PDMRs

Under the terms of the 2009 Save As You Earn Scheme ("SAYE Scheme") a total of 3,478,774 options over ordinary shares in the Company ("Ordinary Shares") vested on 1st April 2012.  Pursuant to certain irrevocable commitments made by Executive Directors and other persons discharging managerial responsibilities ("PDMRs") following that date, the Company announces that on 2 April 2012, 2,770,545 Ordinary Shares have been exercised under the SAYE Scheme by Executive Directors, PDMRs and other employees.

The details of the number of Ordinary Shares that were exercised by Executive Directors and PDMRs of the Company are set out below:

Name

Status

 

No of Ordinary Shares exercised

Steve Gaylor

PDMR

 

16,363

Jeremy Harris

PDMR

 

26,836

Nigel Hickman

PDMR

 

26,836

Daniel Little

PDMR

 

26,836

Nick Ounstead

Executive Director

 

26,836

Thomas Ryan

PDMR

26,836

As part of the irrevocable commitments set out above, the following sales of Ordinary Shares by Nick Ounstead, Executive Director of the Company, and Daniel Little, PDMR, also took place on 2 April 2012.

Name

Status

No. of Ordinary Shares sold

Transaction Date

Price (pence per Ordinary Share)

Holding of Ordinary Shares following the Transaction

% of issued share capital following the Transaction








Daniel Little

 PDMR

26,836

2 April 2012

 

38.125

9,134

0.005








Nick Ounstead

Executive Director

26,836

2 April 2012

38.125

464,143

0.243








The above disclosures are in accordance with the requirements of DTR 3.1 and no further disclosure is required.

Following the above exercise of options the total issued share capital of the Company will be 191,176,080 Ordinary Shares, each with equal voting rights. No Ordinary Shares are held in treasury.

The above 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, Topps Tiles plc under the FSA's Disclosure and Transparency Rules.

Enquiries:

Rob Parker, Finance Director, 0161 486 2400

 


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