REG - Breedon Group PLC - Director/PDMR Shareholding
26/04/2024 15:45
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RNS Number : 2778M Breedon Group PLC 26 April 2024
LEI: 213800DQGNQE3X76WS92
26 April 2024
BREEDON GROUP plc
(Breedon or the Company)
Notification of transactions by Directors/Persons Discharging Managerial
Responsibility (PDMRs)
The Company announces that on 25 April 2024 the following PDMRs were each
granted conditional awards under the Company's Performance Share Plan (PSP
awards) in respect of the three-year performance period (2024 to 2026), to
acquire the number of ordinary shares of £0.01 in the Company (Ordinary
Shares) set against their names in the table below. The PSP awards will
normally vest on 25 April 2027, subject to continued employment and the
satisfaction of the undernoted performance conditions. In addition, any
resulting shares will be subject to a further holding period of two years from
the date of vesting.
Director & PDMR Role Ordinary Shares subject to PSP award
Rob Wood Chief Executive Officer 366,739
James Brotherton Chief Financial Officer 217,061
Performance measure Weighting Calibration of targets Percentage of part of PSP award capable of vesting
EPS 42.5% Company's fully diluted underlying EPS for 2026 Less than 37.50 pence 0%
37.50 pence 25%
Between 37.50 pence and 40.40 pence Pro-rata straight-line basis
between 25% and 50%
40.40 pence
50%
Between 40.40 pence and 44.44 pence
Pro-rata straight-line basis
44.44 pence or more
between 50% and 100%
100%
Relative TSR 42.5% Company's TSR ranking relative to constituents of the FTSE 250 Index Below median 0%
(excluding investment trusts)
Median 25%
Between median and upper quartile Pro-rata straight-line basis
between 25% and 100%
Upper quartile or better
100%
Sustainability - Reduction of Core Carbon Intensity* 15% % reduction of Core Carbon Intensity during the three year performance period Below 4.95% 0%
4.95% 25%
Between 4.95% Pro-rata straight-line basis
between 25% and 50%
and 6.6%
50%
6.6%
Pro-rata straight-line basis
Between 6.6% and 8.25%
between 50% and 100%
8.25% or better 100%
* Core Carbon Intensity measures reductions in carbon intensity per tonne of
core product sold.
This notification is made in accordance with the requirements of Article 19 of
the UK Market Abuse Regulation.
Enquiries:
Breedon Group plc
www.breedongroup.com
James Atherton-Ham, Group General Counsel 01332 694010
Louise Turner-Smith, Head of Investor Relations 07860
911909
MHP (Public Relations
Adviser)
020 3128 8613
Reg Hoare
Rachel Farrington
Charles Hirst
Notification and public disclosure of transactions by persons discharging
managerial
responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rob Wood
2 Reason for the notification
a) Position/status Chief Executive Officer (PDMR)
b) Is this an initial notification or an amendment to a prior notification? Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Breedon Group plc
b) LEI 213800DQGNQE3X76WS92
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 £0.01 each
Identification code
GB00BM8NFJ84
b) Nature of the transaction Grant of Awards under Performance Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 366,739
d) Aggregated information (if any)
- Aggregated volume 366,739
- Price Nil
e) Date of transaction 25 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information (if any)
- Aggregated volume
- Price
366,739
Nil
e)
Date of transaction
25 April 2024
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging
managerial
responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name James Brotherton
2 Reason for the notification
a) Position/status Chief Financial Officer (PDMR)
b) Is this an initial notification or an amendment to a prior notification? Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Breedon Group plc
b) LEI 213800DQGNQE3X76WS92
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 £0.01 each
Identification code
GB00BM8NFJ84
b) Nature of the transaction Grant of Awards under Performance Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 217,061
d) Aggregated information (if any)
- Aggregated volume 217,061
- Price Nil
e) Date of transaction 25 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information (if any)
- Aggregated volume
- Price
217,061
Nil
e)
Date of transaction
25 April 2024
f)
Place of the transaction
Outside a trading venue
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