Tyman PLC — Remuneration Information 2015

Jun 22, 2015

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RNS Number : 8774Q

Tyman PLC

22 June 2015

TYMAN PLC

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

2015 LTIP Awards and Directors' Dealing

Tyman plc, a leading international supplier of components to the door and window industry, announces that on 22 June 2015 ("Award Date") the Remuneration Committee of the Company (the "Committee") granted share awards ("2015 Awards") under the Tyman Long Term Incentive Plan (the "LTIP"), in the form of nil cost options over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

2015 Awards have been granted to the two Executive Directors and a further 25 senior managers and executives of the Company over a total of 692,562 Ordinary Shares. 

Awards were made to the following Executive Directors:

Executive Director:	Number of shares:
Louis Eperjesi	121,131
James Brotherton	74,181

Vesting of 2015 Awards

Vesting of 2015 Awards is based on the Company's three year cumulative underlying earnings per share ("EPS") for the financial years 2015 to 2017, and is subject to the satisfaction of specific performance criteria and other conditions.

Five year holding period

All 2015 Awards granted shall be subject to a Compulsory Holding Period from the Vesting Date to five years following the Award Date.

Timetable and Awards Outstanding

2015 Awards are expected to vest in March 2018, following the announcement of the Company's results for the year ended 31 December 2017 and the holding requirement is expected to lapse on 22 June 2020.

In aggregate, as at today's date, a total of 2,162,008 awards are outstanding over the Company's Ordinary Shares under the LTIP.

22 June 2015

Enquiries:
Tyman plc	020 7976 8000
Kevin O'Connell - Group Company Secretary	www.tymanplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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