TIDMTYMN

RNS Number : 9773W

Tyman PLC

21 April 2023

TYMAN PLC

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

DIRECTOR/PDMR SHAREHOLDINGS

Tyman plc, a leading international supplier of engineered fenestration components and access solutions to the construction industry, announces that it received notice on 19 April 2023 that Jason Ashton, Interim Chief Executive Officer of Tyman, exercised options over 104,940 ordinary shares of 5p each in the Company ("Ordinary Shares") under Tyman's Long Term Incentive Plan (the "LTIP").

In accordance with the Group's policy, this exercise was satisfied through the transfer of Ordinary Shares from the Tyman Employees Benefit Trust. The shares are subject to a further two-year holding period until the 25 March 2025. The release under the LTIP includes additional shares received in lieu of dividends, which are subject to tax.

Following the exercise Jason Ashton received a total of 104,940 Ordinary Shares of which 49,446 were sold at a price of GBP2.39 per share to satisfy costs and tax liabilities and 55,494 were retained in accordance with the Company's holding requirements.

The following disclosure is made in accordance with Article 19 of EU Market Abuse Regulation No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

 
       Details of the persons discharging managerial responsibilities 
  1     / person closely associated 
 a)    Names                                    JASON ASHTON 
      ---------------------------------------  ----------------------------------------------------------- 
       Reason for the notification: 
  2 
      ---------------------------------------------------------------------------------------------------- 
 a)    Position/status                          I NTERIM CHIEF EXECUTIVE OFFICER 
      ---------------------------------------  ----------------------------------------------------------- 
 b)    Initial notification                     INITIAL NOTIFICATION 
        /Amendment 
      ---------------------------------------  ----------------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------------------------- 
 a)    Name                                     TYMAN PLC 
      ---------------------------------------  ----------------------------------------------------------- 
 b)    LEI                                      213800AAFUV5PKGQU848 
      ---------------------------------------  ----------------------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ---------------------------------------------------------------------------------------------------- 
 a)    Description of                           ORDINARY SHARES OF 5P EACH 
        the financial 
        instrument, type 
        of instrument 
 
       Identification                           ISIN NUMBER:GB00B29H4253 
        code 
 
 b)    Nature of the                                 A. EXERCISE OF LTIP SHARE OPTIONS. 
        transaction 
                                                      B. SALE OF SHARES TO SATISFY THE TAX LIABILITY 
                                                      AND FEES ARISING FROM AN EXERCISE OF LTIP 
                                                      SHARE OPTIONS. 
      ---------------------------------------  ----------------------------------------------------------- 
 c)    Prices (s) and                                    Price                      Volume 
        volume(s) 
      ---------------------------------------  -------  -------------------------  ----------------------- 
   A        GBPNil                                                                  104,940 
  -------  ----------------------------------------------------------------------  ----------------------- 
   B        GBP2.39                                                                 49,446 
  -------  ----------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information                   A. 104,940 options over Ordinary Shares 
                                                 at GBPNil Cost per share 
 
                                                 B. 49,446 Ordinary Shares, sold at a price 
                                                 of GBP2.39 per Ordinary Share, totalling 
                                                 GBP118,241.80 
 
  - Volume 
   - Price 
   - Total 
 
 
 
 e)    Date of the transaction                  19 APRIL 2023 
      ---------------------------------------  ----------------------------------------------------------- 
 f)    Place of the                             LONDON STOCK EXCHANGE 
        transaction 
      ---------------------------------------  ----------------------------------------------------------- 
 
 
 
 
 21 April 2023 
 
 
  Enquiries: 
 Tyman plc                                            020 7976 8000 
 Peter Ho - General Counsel & Company Secretary    www.tymanplc.com 
 

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END

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April 21, 2023 02:00 ET (06:00 GMT)

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