Travis Perkins PLC
(the 'Company')
Notifications of transactions by Persons Discharging Managerial
Responsibilities ('PDMRs')
The Company announces that, on 24 September 2018, an award in respect of ordinary shares of 10p each in the Company ("Shares") was made to Robin Miller (PDMR) by way of a nil cost option over 23,719 Shares under the Travis Perkins Plc 2017 Performance Share Plan ("PSP"). The number of shares subject to the options awarded has been calculated using a share price of £11.13 (the average market price over the 5 dealing days prior to the award).
On the same date, Robin Miller was also awarded 2,695 market value options under the HMRC tax-advantaged CSOP element of the PSP and an exercise price of £11.13 (the average market price over the 5 dealing days prior to the award).
The options over these awards will normally be exercisable from 24 September 2021, subject to the satisfaction of performance conditions. If the options vest they are exercisable until the tenth anniversary of grant.
In the event that dividends are paid in the period between grant and vesting, 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 Form 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:
Helen O'Keefe
Deputy Company Secretary
+44 (0)1604 685910
Notification of Dealing Form
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1
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Details of the person discharging managerial responsibilities/ person closely associated
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a)
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Name
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Robin Miller
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2
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Reason for the notification
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a)
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Position/Status
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General Counsel
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b)
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Initial notification/Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
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a)
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Name
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Travis Perkins plc
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b)
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LEI
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2138001I27OUBAF22K83
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4
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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
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a)
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Description of the financial
instrument,
type of instrument
Identification code
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Ordinary Shares of 10 pence each
ISIN: GB0007739609
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b)
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Nature of the transaction
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An award in respect of ordinary shares of 10p each in the Company ("Shares") by way of a nil cost option over 23,719 Shares under the Travis Perkins Plc 2017 Performance Share Plan ("PSP"). The number of shares subject to the options awarded has been calculated using a share price of £11.13 (the average market price over the 5 dealing days prior to the award). Also awarded 2,695 market value options under the HMRC tax-advantaged CSOP element of the PSP at an exercise price of £11.13.
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c)
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Price(s) and volume (s)
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Price(s)
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Volume(s)
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- Option price: £0.00
- Exercise Price £11.13
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- 23,719
- 2,695
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d)
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Aggregated information
-Aggregated volume
-Price
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Aggregate
Price
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Aggregate
Volume
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Aggregate
Total
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n/a
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n/a
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n/a
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e)
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Date of the transaction
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24 September 2018
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f)
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Place of the transaction
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n/a
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.