TPT Topps Tiles Plc

TIDMTPT

RNS Number : 6369H

Topps Tiles PLC

04 December 2020

Topps Tiles plc

(the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR")

and

Issued Share Capital and Total Voting Rights

PDMR Transaction

The Company has received notice that, on 1 December 2020 a PDMR, Brian Linnington, exercised nil-cost share options in respect of 100,000 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 100,000 Ordinary Shares on 1 December 2020.

Issued Share Capital and Total Voting Rights

The Company also announces that its total issued share capital as at 1 December 2020 is 196,443,323 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury.

To satisfy the Exercise, the Topps Tiles Employee Benefit Trust (the "EBT") was requested to transfer 1000,000 Ordinary Shares. Following this transfer the EBT now holds 1,370,517 Ordinary Shares and has waived its right to exercise its voting rights and to receive dividends in respect of these 1,370,517 Ordinary Shares. Accordingly, the total number of voting rights in the Company will be 195,072,806. 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                              Brian Linnington 
2   Reason for the notification 
a)  Position/status                   Managing Director - Commercial 
b)  Initial notification              Initial 
     /Amendment 
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      Ordinary shares of 3.33 pence each ("Ordinary Shares") 
     instrument, type of instrument 
    Identification Code              GB00B185P5K83 
b)  Nature of the transaction         Exercise of nil cost options 
c)  Price(s) and volume(s)           Price                           Volume 
                                     Nil    Exercise of nil cost options over 100,000 Ordinary Shares 
d)  Aggregated information 
     - Aggregated volume               N/A 
     - Price 
e)  Date of the transaction           1 December 2020. 
f)  Place of the transaction           London Stock Exchange 
 
 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
 
a)  Name                              Brian Linnington 
2   Reason for the notification 
a)  Position/status                   Managing Director - Commercial 
b)  Initial notification              Initial 
     /Amendment 
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      Ordinary shares of 3.33 pence each ("Ordinary Shares") 
     instrument, type of instrument 
    Identification Code              GB00B185P5K83 
b)  Nature of the transaction         Sale of Ordinary Shares 
c)  Price(s) and volume(s)                Price                        Volume 
                                     56.025 pence      Sale of 100,000 Ordinary Shares 
d)  Aggregated information 
     - Aggregated volume               N/A 
     - Price 
e)  Date of the transaction           1 December 2020. 
f)  Place of the transaction           London Stock Exchange 
 

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END

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December 04, 2020 07:32 ET (12:32 GMT)

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