REG - Howden Joinery Grp - Director/PDMR Shareholding
10/04/2024 14:30
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RNS Number : 0655K Howden Joinery Group PLC 10 April 2024
10 April 2024
HOWDEN JOINERY GROUP PLC
(the "Company")
NOTIFICATION OF TRANSACTION IN SHARES BY EXECUTIVE DIRECTORS AND
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Vesting of conditional share awards under the Howdens Long Term Incentive Plan
(LTIP)
The Company announces that the Performance Share Plan (PSP) awards granted to
certain Persons Discharging Managerial Responsibilities ("PDMRs") under the
Company's LTIP on 6 April 2021 (the "2021 Award") has vested.
The 2021 Award was granted subject to the achievement of certain performance
targets based on the Company's growth in pre-exceptional profit before tax and
relative total shareholder returns over the three-year period ending 30
December 2023. An additional holding period of two years will apply to shares
retained from the 2021 Award.
The following transactions took place in relation to the 2021 Award, which was
granted over ordinary 10 pence shares of the Company ("Shares") to the PDMRs
listed below:
Name of Director or PDMR Number of Shares which vested under the Award Number of Shares which were sold* Shares retained
Andrew Livingston 191,843 90,348 101,495
Paul Hayes 125,436 59,074 66,362
Theresa Keating 50,308 23,693 26,615
Julian Lee 52,320 24,640 27,680
Richard Sutcliffe 50,308 23,693 26,615
Andy Witts 58,357 27,483 30,874
*Shares were sold to cover taxation and administrative costs arising on the
vesting of the Award at a price of 868.82p.
Grant of conditional share awards under the LTIP
The Company announces that on 8 April 2024 it granted a PSP award over 67,709
Shares to Stuart Livingstone, a PDMR, under the Company's LTIP. The award will
vest subject to performance against targets measured over a three-year period.
A further two-year holding period will then apply to any shares Mr Livingstone
is entitled to acquire on vesting.
The Company further announces that on 8 April 2024 it granted conditional
share awards over a total of 48,859 Shares to Stuart Livingstone under the
Company's LTIP. These awards will vest in two tranches subject to continued
employment.
The Notification of Dealing Forms for the above transactions may be found
below. These notifications are provided in accordance with the requirements of
the UK Market Abuse Regulation.
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name William Andrew Livingston
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 Howden Joinery Group Plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Vesting of ordinary shares under a conditional share award.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 191,843 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 191,843 n/a
Nature of transaction Sale of ordinary shares.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 London Stock Exchange (XLON)
Individual transactions Price(s) Volume(s) Total
GBP 8.6882 90,348 GBP 784,961.49
Aggregated information Price Aggregated Volume Total
GBP 8.6882 90,348 GBP 784,961.49
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Hayes
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 Howden Joinery Group Plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Vesting of ordinary shares under a conditional share award.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 125,436 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 125,436 n/a
Nature of transaction Sale of ordinary shares.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 London Stock Exchange (XLON)
Individual transactions Price(s) Volume(s) Total
GBP 8.6882 59,074 GBP 513,246.73
Aggregated information Price Aggregated Volume Total
GBP 8.6882 59,074 GBP 513,246.73
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Theresa Keating
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Howden Joinery Group Plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Vesting of ordinary shares under a conditional share award.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 50,308 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 50,308 n/a
Nature of transaction Sale of ordinary shares.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 London Stock Exchange (XLON)
Individual transactions Price(s) Volume(s) Total
GBP 8.6882 23,693 GBP 205,849.52
Aggregated information Price Aggregated Volume Total
GBP 8.6882 23,693 GBP 205,849.52
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name George Julian Lee
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Howden Joinery Group Plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Vesting of ordinary shares under a conditional share award.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 52,320 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 52,320 n/a
Nature of transaction Sale of ordinary shares.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 London Stock Exchange (XLON)
Individual transactions Price(s) Volume(s) Total
GBP 8.6882 24,640 GBP 214,077.25
Aggregated information Price Aggregated Volume Total
GBP 8.6882 24,640 GBP 214,077.25
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Sutcliffe
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Howden Joinery Group Plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Vesting of ordinary shares under a conditional share award.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 50,308 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 50,308 n/a
Nature of transaction Sale of ordinary shares.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 London Stock Exchange (XLON)
Individual transactions Price(s) Volume(s) Total
GBP 8.6882 23,693 GBP 205,849.52
Aggregated information Price Aggregated Volume Total
GBP 8.6882 23,693 GBP 205,849.52
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Witts
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Howden Joinery Group Plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Vesting of ordinary shares under a conditional share award.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 58,357 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 58,357 n/a
Nature of transaction Sale of ordinary shares.
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 London Stock Exchange (XLON)
Individual transactions Price(s) Volume(s) Total
GBP 8.6882 27,483 GBP 238,777.80
Aggregated information Price Aggregated Volume Total
GBP 8.6882 27,483 GBP 238,777.80
NOTIFICATION OF DEALING FORM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stuart Livingstone
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Howden Joinery Group plc
b) LEI 213800KC1LJOJTY3JP45
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
Nature of transaction Grant of conditional share awards under the Howdens Long Term Incentive Plan
Description/type of Financial Instrument Identification code Date of transaction Place of transaction
Ordinary shares of 10 pence each GB0005576813 2024-04-08 Outside a trading venue
Individual transactions Price(s) Volume(s) Total
GBP nil 67,709 n/a
GBP nil 48,859 n/a
Aggregated information Price(s) Aggregated Volume Total
GBP nil 116,568 n/a
Enquiries
Caitlin Slatter, Deputy Company
Secretary: 020
7535 1162
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