RNS Number : 9039Z
Topps Tiles PLC
16 January 2024

Topps Tiles PLC

16 January 2024



Topps Tiles plc

(the "Company")



PDMR Transaction


The Company has been notified that, on 15 January 2024, Richard Carter, who was the Managing Director of Retail and a PDMR, exercised nil-cost share options in respect of 139,090 ordinary shares of 3.33 pence each in the capital of the Company ("Ordinary Shares") in accordance with the rules of the Topps Tiles 2013 Long Term Incentive Plan (the "Exercise"). He has sold on the same date 58,538 Ordinary Shares at a price of £0.454000 per share in order to satisfy associated tax liabilities and dealing costs. He has retained the balance of the Ordinary Shares exercised. 


The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018)



Details of the person discharging managerial responsibilities / person closely associated



  Richard Carter


Reason for the notification



  Managing Director Retail (PDMR)




Initial notification /Amendment

  Initial notification



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



  Topps Tiles PLC







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



Description of the financial instrument, type of instrument

  Ordinary shares of 3.33 pence each

Identification Code



Nature of the transaction

  Exercise of nil cost options and sale of shares


Price(s) and volume(s)







nil cost options



Shares sold


Aggregated information

- Aggregated volume

- Price




Date of the transaction

  15 January 2024


Place of the transaction

  Outside a trading venue - nil cost options

  London Stock Exchange - shares sold


For further information please contact:


Joanne Steer, Company Secretary, Topps Tiles Plc

0116 2828000



Notes to Editors:


Topps Tiles Plc is the UK's largest specialist supplier of tiles and associated products, targeting the UK domestic and commercial markets and serving homeowners, trade customers, architects, designers and contractors from 303 nationwide Topps Tiles stores, a commercial showroom in London and eight customer-facing websites: 

www.toppstiles.co.uk, www.parkside.co.uk, www.protilertools.co.uk,

www.northantstools.co.uk, www.premiumtiletrim.co.uk, www.warmfloorstore.co.uk www.flooringmaterials.co.uk and www.tilewarehouse.co.uk.


Since opening its first store in 1963, Topps has maintained a simple operating philosophy  inspiring customers with unrivalled product choice and providing exceptional levels of customer service. For further information on the Group, please visit www.toppsgroup.com



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