TIDMTPT

RNS Number : 0023Y

Topps Tiles PLC

30 November 2017

Topps Tiles Plc (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

and

Total Voting Rights

PDMR Transaction

The Company has received notice that, on 28 November 2017, a PDMR, Richard Carter, exercised nil-cost share options in respect of 359,719 ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") in accordance with the rules of the under the Topps Tiles 2013 Long Term Incentive Plan (the "Exercise").

Following the Exercise, the Company received notice that Richard Carter had sold 169,407 Ordinary Shares.

Total Voting Rights

To satisfy the Exercise, The Topps Tiles Employee Benefit Trust (the "EBT") was requested to transfer 359,719 Ordinary Shares. Following this transfer the EBT now holds 3,698,776 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of the 3,678,776 Ordinary Shares. Accordingly, the total number of voting rights in the Company will be 192,788,522. This 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, the Company under the FCA's Disclosure and Transparency Rules.

Director/ PDMR Shareholding

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
1   Details of the person discharging managerial 
     responsibilities / person closely associated 
    --------------------------------------------------------------------------------------------------- 
 
a)  Name                       Richard Carter 
    ------------------------  ------------------------------------------------------------------------- 
2   Reason for the notification 
    --------------------------------------------------------------------------------------------------- 
a)  Position/status            Operations Director 
    ------------------------  ------------------------------------------------------------------------- 
b)  Initial notification       Initial Notification 
     /Amendment 
    ------------------------  ------------------------------------------------------------------------- 
3   Details of the issuer, emission allowance market 
     participant, auction platform, auctioneer or 
     auction monitor 
    --------------------------------------------------------------------------------------------------- 
a)  Name                       Topps Tiles PLC 
    ------------------------  ------------------------------------------------------------------------- 
b)  LEI                        2138009NA4K1NTLN7Q97 
    ------------------------  ------------------------------------------------------------------------- 
4   Details 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 transactions have 
     been conducted 
    --------------------------------------------------------------------------------------------------- 
a)  Description of             Ordinary shares of 3.33 pence each 
     the financial 
     instrument, type 
     of instrument 
    ------------------------  ------------------------------------------------------------------------- 
    Identification             GB00B185P5K83 
     Code 
    ------------------------  ------------------------------------------------------------------------- 
b)  Nature of the              Exercise of Nil Cost Option and Sale to discharge Tax and NI liability 
     transaction 
    ------------------------  ------------------------------------------------------------------------- 
c)  Price(s) and volume(s)     Price                           Volume 
    ------------------------  -------------------------------  ---------------------------------------- 
                               Nil                              Exercise of Awards 
                                                                 over 
                                                                 359,719 Shares 
    ------------------------  -------------------------------  ---------------------------------------- 
                               64.7461 pence                    Sale of 
                                                                 169,407 Shares 
    ------------------------  -------------------------------  ---------------------------------------- 
d)  Aggregated information 
     - Aggregated volume        169,407 Shares 
     - Price                    64.7461 pence per share 
    ------------------------  ------------------------------------------------------------------------- 
e)  Date of the transaction    28 November 2017 
    ------------------------  ------------------------------------------------------------------------- 
f)  Place of the transaction   London Stock Exchange 
    ------------------------  -------------------------------------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 30, 2017 06:42 ET (11:42 GMT)

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