TRIFAST PLC

Remuneration Information • Sep 12, 2024

National Storage Mechanism | Additional information

RNS Number : 0208E

Trifast PLC

12 September 2024

Thursday, 12 September 2024

Trifast plc

(the "Company")

Notification and public disclosure of transactions by PDMR

The Company announces that, further to the terms set out in the Company's Directors' Remuneration Policy ("Policy") and the Trifast plc Executive Turnaround Plan ("Turnaround Plan"), both of which were approved at the AGM on 10 September 2024, the Remuneration Committee ("Committee") granted options to each of Iain Percival and Kate Ferguson over the number of ordinary shares of 5p each in the Company ("Ordinary Shares") as set out in the table below under the terms of the rules of the Turnaround Plan ("Rules").  The options were granted on 10 September 2024 with an exercise price of £0.8056 per Ordinary Share, being the average share price over the five business days immediately before the date of grant.

PDMR	Number of Ordinary Shares over which options granted	Equivalent percentage of issued share capital
Iain Percival	2,994,522	2.2%
Kate Ferguson	1,769,490	1.3%

1 74,478 Ordinary Shares placed under option to each PDMR were granted in the form of a CSOP option.

As set out in the Company's RNS announcement of 27 August 2024, and subject to the Rules, the options will vest subject to a performance target relating to the achievement of share price hurdles relating to the Ordinary Shares and become exercisable subject to any adjustment made through the application of a performance underpin. Vested options will become exercisable on a staggered basis on the 3rd, 4th and 5th anniversaries of the date of grant.

Enquiries:

Trifast plc

Christopher Morgan

Company Secretary

Tel: +44 (0) 1825 769696

www.trifast.com

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Iain Percival

2.

Reason for the notification

a.

Position/status

Chief Executive Officer

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Trifast plc

b.

LEI

213800WFIVE6RWK3CR22

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 instrument, type

of instrument Identification code

Ordinary shares of 5 pence each

GB0008883927

b.

Nature of the transaction

Grant of option under the Trifast plc Executive Turnaround Plan

c.

Price(s) and volume(s)

Price(s)	Volume(s)
£0.8056	2,920,044

d.

Aggregated information

·Aggregated volume

·Price

2,920,044

£0.8056

e.

Date of the transaction

10.09.24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Iain Percival

2.

Reason for the notification

a.

Position/status

Chief Executive Officer

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Trifast plc

b.

LEI

213800WFIVE6RWK3CR22

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 instrument, type

of instrument Identification code

Ordinary shares of 5 pence each

GB0008883927

b.

Nature of the transaction

Grant of CSOP option under the Trifast plc Executive Turnaround

Plan

c.

Price(s) and volume(s)

Price(s)	Volume(s)
£0.8056	74,478

d.

Aggregated information

·Aggregated volume

·Price

74,478

£0.8056

e.

Date of the transaction

10.09.24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Kate Ferguson

2.

Reason for the notification

a.

Position/status

Chief Financial Officer

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Trifast plc

b.

LEI

213800WFIVE6RWK3CR22

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 instrument, type

of instrument Identification code

Ordinary shares of 5 pence each

GB0008883927

b.

Nature of the transaction

Grant of option under the Trifast plc Executive Turnaround Plan

c.

Price(s) and volume(s)

Price(s)	Volume(s)
£0.8056	1,695,012

d.

Aggregated information

·Aggregated volume

·Price

1,695,012

£0.8056

e.

Date of the transaction

10.09.24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Kate Ferguson

2.

Reason for the notification

a.

Position/status

Chief Financial Officer

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Trifast plc

b.

LEI

213800WFIVE6RWK3CR22

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 instrument, type

of instrument Identification code

Ordinary shares of 5 pence each

GB0008883927

b.

Nature of the transaction

Grant of CSOP option under the Trifast plc Executive Turnaround

Plan

c.

Price(s) and volume(s)

Price(s)	Volume(s)
£0.8056	74,478

d.

Aggregated information

·Aggregated volume

·Price

74,478

£0.8056

e.

Date of the transaction

10.09.24

f.

Place of the transaction

Outside a trading venue

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