COMMUNIQUÉ DE PRESSE

par Travis Perkins (isin : GB0007739609)

Travis Perkins: Director/PDMR Shareholding

Travis Perkins (TPK)
Travis Perkins: Director/PDMR Shareholding

26-Apr-2024 / 11:11 GMT/BST


2024 RSP Award

The Company announces that on 25 April 2024 (“Grant Date”), awards in respect of ordinary shares of 11.205105p each in the Company ("Shares") were granted by way of nil cost options under the Travis Perkins Plc Restricted Share Plan ("RSP") to the Company’s Chief Financial Officer, Duncan Cooper (“CFO”), as follows:
 
NameStatusType of RSP AwardNumber of Options
Duncan CooperPDMR2024 RSP Award92,105

The number of shares subject to the nil-cost options awarded has been calculated using a share price of £7.125 (being the mid-market closing price of the Company's Shares as derived from the London Stock Exchange’s Daily Official List on the dealing day immediately preceding the Grant Date).

The options will normally vest after a period of three years and will then be exercisable after the completion of a two year holding period following vesting.  If the options vest they will be exercisable until the tenth anniversary of the Grant Date (or such shorter period as determined by the Board). The awards are subject to performance underpins. 

In the event that dividends are paid in the period between grant and the release date, the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

CFO Buyout Awards

The CFO forfeited outstanding incentives (“Crest Nicholson Awards”) on leaving his former employer and the Remuneration Committee determined that it was appropriate to make "buyout awards" in respect of the Crest Nicholson Awards, structured to be a like-for-like basis with Crest Nicholson Awards forfeited.

The Company announces that on Grant Date, to make these buyout awards, awards in respect of Shares were granted by way of nil cost options under the RSP to the CFO as follows:
 
NameStatusType of RSP AwardNumber of Options
Duncan CooperPDMRCFO Buyout Award of 2022 PSP48,077
CFO Buyout Award of 2022 DSBP11,031
CFO Buyout Award of 2023 PSP64,805
CFO Buyout Award of 2023 DSBP13,589
 
  1. CFO Buyout Award of 2022 PSP will normally vest on 28 January 2025 and will then be exercisable after the completion of a two year holding period
  2. CFO Buyout Award of 2022 DSBP will normally vest and be exercisable on 28 January 2025
  3. CFO Buyout Award of 2023 PSP will normally vest on 27 January 2026 and will then be exercisable after the completion of a two year holding period
  4. CFO Buyout Award of 2023 DSBP will normally vest and be exercisable on 27 January 2026

The number of Shares comprised in the CFO Buyout Awards has been calculated as the full face value of the awards forfeited, based on the share price of Crest Nicholson plc shares of £2.11 and the equivalent share price of the Company’s shares of £7.89, in both cases calculated over the month of January 2024.
Each CFO Buyout Award is subject to performance underpins, being the conditions applicable to the Crest Nicholson Awards measured by reference to the performance of Crest Nicholson (as set out in its annual reports).

In the event that dividends are paid in the period between grant and the release date, the number of shares awarded will be increased to reflect the dividends that would have accrued had they been reinvested in shares.

The Notification of Dealing Forms for the PDMR can be found below. This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

For further information please contact:


Lindi Pratt
Company Secretariat Manager
 +44 (0)7471140065

Notification of Dealing Form
 
1Details of the person discharging managerial responsibilities/ person closely associated 
a)NameDuncan Cooper
2Reason for the notification
a)Position/StatusChief Financial Officer
b)Initial notification/AmendmentInitial Notification in each case
3Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a)NameTravis Perkins plc
b)LEI2138001I27OUBAF22K83
4Details 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 transaction have been
conducted
a)Description of the financial
instrument,
type of instrument
Identification code
Ordinary Shares of 11.205105 pence each

ISIN: GB00BK9RKT01
b)Nature of the transactionIn each case, options over ordinary shares of 11.205105 pence each granted under the Company's Restricted Share Plan at nil cost.
c)Price(s) and volume (s)  
Price(s)Volume(s)
 
  1. 92,105
  2. 48,077
  3. 11,031
  4. 64,805
  5. 13,589
d)Aggregated information


-Aggregated volume

-Price
   
Aggregate
Price
Aggregate
Volume
Aggregate
Total
n/an/an/a
e)Date of the transaction25 April 2024
f)Place of the transactionOutside a trading venue
        




 


Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN:GB00BK9RKT01
Category Code:DSH
TIDM:TPK
LEI Code:2138001I27OUBAF22K83
OAM Categories:3.1. Additional regulated information required to be disclosed under the laws of a Member State
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:318302
EQS News ID:1890741

 
End of AnnouncementEQS News Service

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