Topps Tiles Plc
("Topps" or the "Company")
Deferred Bonus Long Term Incentive Plan (the "Plan") Award
The Company announces that on the 8th June 2011 it issued 121,959 ordinary shares of 3.33 pence each ("Ordinary Shares") 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 2010.
Details of the number of shares awarded are set out below:-
No. of ordinary shares subject
to award under the Plan
Executive Directors
Matthew Williams 31,276
Nick Ounstead 16,393
Rob Parker 17,872
PDMR's
Stuart Comer 9,146
Nigel Hickman 7,532
Daniel Little 8,907
Jeremy Harris 11,312
Awards granted under the Plan will vest in September 2012 pursuant to the Plan and the numbers of shares awarded have been calculated by reference to the average share price for the financial year ending September 2010 of 69.0p.
The Plan also provides for the issue of an equal award of matching shares in September 2012 which is conditional upon the achievement of performance criteria and continuing employment.
Application has been made today to the UK Listing Authority and to the London Stock Exchange for the new Ordinary Shares, to be admitted to the Official List maintained by the UK Listing Authority, and to be admitted to trading by the London Stock Exchange on its market for listed securities. It is expected that admission of the Ordinary Shares will become effective on or around 14 June 2011.
Immediately following admission the total issued share capital of the Company will be 188,365,802 Ordinary shares, each with equal voting rights.
Enquiries:
Topps Tiles 0161 486 2400
Matthew Williams, Chief Executive Officer
Rob Parker, Finance Director
Pelham Bell Pottinger 020 7861 3232
Emma Kent / Rosanne Perry / Duncan Mayall
This information is provided by RNS
