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:
Name
Status
Type of RSP Award
Number of Options
Duncan Cooper
PDMR
2024 RSP Award
92,105
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:
Name
Status
Type of RSP Award
Number of Options
Duncan Cooper
PDMR
CFO Buyout Award of 2022 PSP
48,077
CFO Buyout Award of 2022 DSBP
11,031
CFO Buyout Award of 2023 PSP
64,805
CFO Buyout Award of 2023 DSBP
13,589
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
CFO Buyout Award of 2022 DSBP will normally vest and be exercisable on 28 January 2025
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
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
1
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Duncan Cooper
2
Reason for the notification
a)
Position/Status
Chief Financial Officer
b)
Initial notification/Amendment
Initial Notification in each case
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Travis Perkins plc
b)
LEI
2138001I27OUBAF22K83
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 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 transaction
In 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)
92,105
48,077
11,031
64,805
13,589
d)
Aggregated information
-Aggregated volume
-Price
Aggregate Price
Aggregate Volume
Aggregate Total
n/a
n/a
n/a
e)
Date of the transaction
25 April 2024
f)
Place of the transaction
Outside 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
Travis Perkins plc is a distributor of building materials in the United Kingdom. Its Merchanting segment includes brands, such as Travis Perkins, BSS, Keyline, and CCF. Travis Perkins is a general merchant, offering a destination for heavy side products, complemented by light side convenience. BSS supplies commercial and industrial heating and cooling solutions, supplying specialist contractors with a variety of products from 69 branches and two distribution centers. CCF distributes insulation and interior building products from 36 branches to contractors throughout Great Britain. Keyline supports housebuilders, groundworkers and infrastructure contractors to build and redevelop facilities. Its Toolstation segment is a supplier of a range of products to trade, do-it-yourself customers. Toolstation operates from 570 branches across Great Britain and is growing in the Netherlands, Belgium and France. Its product mix includes plumbing and heating, heavy side, light side, and timber.