RNS Number : 8111K
Trifast PLC
27 June 2014
 

 

Friday, 27 June 2014

Trifast plc

(the "Company" or "Trifast")

PDMR Exercise of Options and Share Sales

 

Executive Directors' holdings increase

 

Trifast plc (Symbol: TRI), the international fastenings group announces that on 26 June 2014, the Company issued 1,750,000 ordinary shares pursuant to the exercise of options by a number of Directors and employees under the Company's Unapproved 2009 Share Option Plan.  Subsequently these ordinary shares have been successfully placed by Arden Partners plc with a number of institutions, largely in order to meet Tax and NI obligations triggered on exercise.

 

The Directors notified the Company of the transactions pursuant to DTR 3.1.2 on 26 June 2014.  The resultant holdings of the PDMRs are as follows:

 

Director

Shareholding as at 23.6.14

Options exercised

Shares sold

on 24 and 26 June respectively

Price options sold

Shareholding following the exercise of options

% of total issued share capital

Geoffrey Budd

307,264

500,000

146,477

110,787

126p

125p

550,000

0.48

Mark Belton

68,565

500,000

181,378

137,187

126p

125p

250,000

0.22

Glenda Roberts

29,307

250,000

73,622

55,685

126p

125p

150,000

0.13

Neil Chapman (NED)

1,507,500

150,000

85,404

64,596

126p

125p

1,507,500

1.33

Thomas Tan (PDMR)

-

250,000

142,340

107,660

126p

125p

-

-

 

Following this exercise, the Executive Directors of the Company have increased their overall holdings in the Company.

 

As at today's date, the Directors and related party holdings in the Company total 3,564,529 ordinary shares representing 3.14% of the total ordinary share capital in the Company.

 

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital as at the today's date (27.6.14) was 113,454,406 ordinary shares of 5p each.

 

The total number of voting rights in the Company is therefore 113,454,406.  The 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.

 

Enquiries:

Trifast plc

TooleyStreet Communications Ltd

Arden Partners plc

Mark Belton,

Group Finance Director & Company Secretary

Telephone: 44 (0) 1825 747366

IR, Corporate & Media Relations

Fiona Tooley

Mobile: 44 (0) 7785 703523

Stockbrokers to the Company

Chris Hardie and Katelin Kennish

Telephone: 44 (0) 20 7614 5900


Group website: www.trifast.com

LSE Listing: Ticker: TRI 

FTSE index sector: FTSE SmallCap and FTSE All-Share

Trifast's trading business TR Fastenings is a leading international manufacturer and distributor of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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