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 30 November 2018, a PDMR, Matthew Williams, exercised nil-cost share options in respect of 1,517,613 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 Matthew Williams had sold 714,710 Ordinary Shares.
Total Voting Rights
To satisfy the Exercise, The Topps Tiles Employee Benefit Trust (the "EBT") was requested to transfer 1,517,613 Ordinary Shares. Following this transfer the EBT now holds 1,518,694 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of the 1,518,694 Ordinary Shares. Accordingly, the total number of voting rights in the Company will be 194,922,277. 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.
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 | Matthew Williams
| |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer
| |
b)
| Initial notification /Amendment | Initial | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Topps Tiles PLC
| |
b) | LEI | 2138009NA4KINTLN7Q97
| |
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 the financial instrument, type of instrument
| Ordinary shares of 3.33 pence each
| |
| Identification Code | GB00B185P5K83 | |
b) | Nature of the transaction | Exercise of nil cost options and sale to discharge tax and NI liability | |
c) | Price(s) and volume(s)
| Price | Volume |
Nil | Exercise of nil cost options over 1,517,613 ordinary shares | ||
64.5500 pence | Sale of 714,710 ordinary shares | ||
d) | Aggregated information - Aggregated volume - Price |
714,710 ordinary shares 64.5500 pence
| |
e) | Date of the transaction | 30 November 2018
| |
f) | Place of the transaction | London Stock Exchange
| |
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