TIDMTPT

RNS Number : 3101C

Topps Tiles PLC

18 January 2018

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 15 January 2018, Brian Linnington, a PDMR, exercised nil-cost share options in respect of 205,279 ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan (the "Exercise").

Following the Exercise, the Company received notice that Brian Linnington had sold 205,279 Ordinary Shares.

To satisfy the Exercise, The Topps Tiles Employee Benefit Trust (the "EBT") transferred 205,279 Ordinary Shares to satisfy the Exercise.

Certain other employees, none of which were PDMRs, have also exercised options over a total of 248,890 Ordinary Shares in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan. Following the exercise of these options the EBT transferred a further 248,890 Ordinary Shares to satisfy the awards.

Issued Share Capital and Total Voting Rights

The Company also announces that its total issued share capital as at the 17 January 2018 consists of 196,437,298 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.

Following the transfers reported above the EBT now holds 2,908,474 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of these Ordinary Shares. Accordingly the total number of voting rights in the Company will be 193,528,824. 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                               Brian Linnington 
---  --------------------------------  -------------------------------------------- 
2    Reason for the notification 
---  ------------------------------------------------------------------------------ 
a)   Position/status                    Commercial Director (PDMR) 
---  --------------------------------  -------------------------------------------- 
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 
      the financial 
      instrument, type 
      of instrument 
---  --------------------------------  -------------------------------------------- 
     Identification                     GB00B185P5K83 
      Code 
---  --------------------------------  -------------------------------------------- 
b)   Nature of the                      Exercise of options over Ordinary Shares 
      transaction 
---  --------------------------------  -------------------------------------------- 
c)   Price(s) and volume(s)             Price              Volume 
---  --------------------------------  ------------------  ------------------------ 
   Nil                                                      205,279 
  -------------------------------------------------------  ------------------------ 
d)   Aggregated information 
      - Aggregated volume                205,279 
      - Price                            Nil 
---  --------------------------------  -------------------------------------------- 
e)   Date of the transaction            15 January 2018 
---  --------------------------------  -------------------------------------------- 
f)   Place of the transaction           Outside trading venue 
---  --------------------------------  -------------------------------------------- 
 
 
1    Details of the person discharging managerial 
      responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 
a)   Name                               Brian Linnington 
---  --------------------------------  ----------------------------- 
2    Reason for the notification 
---  --------------------------------------------------------------- 
a)   Position/status                    Commercial Director (PDMR) 
---  --------------------------------  ----------------------------- 
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 
      the financial 
      instrument, type 
      of instrument 
---  --------------------------------  ----------------------------- 
     Identification                     GB00B185P5K83 
      Code 
---  --------------------------------  ----------------------------- 
b)   Nature of the                      Sales of Ordinary Shares 
      transaction 
---  --------------------------------  ----------------------------- 
c)   Price(s) and volume(s)             Price        Volume 
---  --------------------------------  ------------  --------------- 
                                        90p           205,279 
 ------------------------------------  ------------  --------------- 
d)   Aggregated information 
  - Aggregated volume                    205,279 
  - Price                                 90p 
 ------------------------------------  ----------------------------- 
e)   Date of the transaction            15 January 2018 
---  --------------------------------  ----------------------------- 
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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January 18, 2018 10:24 ET (15:24 GMT)

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