RNS Number : 2938Y
Topps Tiles PLC
28 November 2014
 



 

Topps Tiles Plc

(the "Company")

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

The Company announces that the Board declared that the performance criteria attached to the award of matching shares made 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 have been satisfied. As a result the matching share award has vested.

Under rules of the Plan to Executive Directors of the Company, other persons discharging managerial responsibilities ("PDMRs") and employees became entitled to deal with the Deferred Award

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

Executive Directors

Deferred Award (2012)

Matching Share Award

Matthew Williams

55,244            

112,742

Rob Parker 

32,232             

65,779

 

 

 

PDMR's

 

 

Richard Carter  

27,422    

55,963

 

Matthew Williams will now hold 714,817 Ordinary Shares representing 0.37% of the issued share capital of the Company. As a result the combined holding of Matthew Williams and Lucia Williams, spouse of Matthew Williams and a connected person, is 747,817 Ordinary Shares representing 0.39% of the issued share capital of the Company.

Rob Parker will now hold 243,818 Ordinary Shares representing 0.13% of the issued share capital of the Company.

The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.

 

Stuart Davey

Company Secretary

Topps Tiles plc 

Tel 0116 282 8100


This information is provided by RNS
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