Tyman PLC

Director's Dealing • Mar 14, 2023

National Storage Mechanism | Additional information

RNS Number : 9601S

Tyman PLC

14 March 2023

TYMAN PLC

("Tyman" or the "Company" or the "Group")

DIRECTOR/PDMR SHAREHOLDINGS

Tyman plc announces that it has been notified of the following transactions in the Company's ordinary 5p shares ("Ordinary Shares") undertaken by the Executive Directors and PDMRs, Jo Hallas, CEO and Jason Ashton, CFO.

DEFERRED SHARE BONUS PLAN (THE "DSBP")

On 10 March 2023 the following shares were awarded in respect of the year ended

31 December 2022 (the "2022 Awards") under the Company's DSBP, in the form of nil cost options.

Name	Shares awarded1
Jo Hallas	36,875
Jason Ashton	19,245

1 Number of shares calculated by reference to the 5-day average closing price prior to the date that shares were awarded (5 trading days ended 9th March 2023) of £2.461.

Under the Company's annual bonus scheme, 50% of Executive Director bonuses that would otherwise have been payable in cash are instead delivered as deferred shares under the DSBP.

These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) following the publication of the Group's audited results for the year ending

31 December 2025, expected to be in March 2026. No consideration was paid for the 2022 Awards and no consideration is due to be payable on vesting.

LONG TERM INCENTIVE PLAN (THE "LTIP")

On 10 March 2023 ("Award Date"), the following shares were awarded under the Company's LTIP, in the form of nil cost options (the "2023 Awards"):

Name	Shares awarded1
Jo Hallas	351,991
Jason Ashton	183,705

1 Number of shares calculated by reference to the 5-day average closing price prior to the date that shares were awarded (5 trading days ended 9th March 2023) of £2.461.

Performance conditions

The vesting of the 2023 Awards is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company, as disclosed in the 2022 Annual Report and Accounts, to be published on 3 April 2023. Awards granted to the Executive Directors that vest shall be subject to a compulsory holding period of five years from the Award Date.

2023 Awards are expected to vest in March 2026, following the announcement of the Company's results for the year ended 31 December 2025, subject to fulfilment of the performance conditions and continued employment in the Group, and the holding requirement is expected to expire in March 2028.

Timetable and Awards Outstanding

The details of the Awards are set out below:

1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Names	i.          JO HALLAS ii.          JASON ASHTON
2	Reason for the notification: AWARD OF OPTIONS
a)	Position/status	i.          CHIEF EXECUTIVE OFFICER ii.         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	TYMAN PLC
b)	LEI	213800AAFUV5PKGQU848
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	ORDINARY SHARES OF 5P EACH
Identification code	ISIN NUMBER:GB00B29H4253
b)	Nature of the transaction	NIL COST OPTIONS GRANTED UNDER TYMAN PLC DEFERRED SHARE BONUS PLAN
c)	Prices (s) and volume(s)		Price	Volume
i.	Nil	36,875
ii.	Nil	19,245
d)	Aggregated information
- Aggregated volume	- 56,120
- Price	- Nil
e)	Date of the transaction	10 March 2023
f)	Place of the transaction	OUTSIDE OF TRADING VENUE
1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Names	i.          JO HALLAS ii.          JASON ASHTON
2	Reason for the notification: AWARD OF OPTIONS
a)	Position/status	i.          CHIEF EXECUTIVE OFFICER ii.         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	TYMAN PLC
b)	LEI	213800AAFUV5PKGQU848
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	ORDINARY SHARES OF 5P EACH
Identification code	ISIN NUMBER:GB00B29H4253
b)	Nature of the transaction	NIL COST OPTIONS GRANTED SUBJECT TO PERFORMANCE CONDITIONS UNDER TYMAN PLC LONG TERM INCENTIVE PLAN
c)	Prices (s) and volume(s)		Price	Volume
i.	Nil	351,991
ii.	Nil	183,705
d)	Aggregated information
- Aggregated volume	- 535,696
- Price	- Nil
e)	Date of the transaction	10 March 2023
f)	Place of the transaction	OUTSIDE OF TRADING VENUE

This disclosure is made in accordance with Article 19 of EU Market Abuse Regulation No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

14 March 2023

Enquiries:
Tyman plc	020 7976 8000
Peter Ho - General Counsel & Company Secretary	www.tymanplc.com

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