REG - Breedon Group PLC - Director/PDMR Shareholding

BreedonAnnouncement

02/12/2024 16:45

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RNS Number : 4818O  Breedon Group PLC  02 December 2024

 

 

 

LEI: 213800DQGNQE3X76WS92

 

2 December 2024

 

BREEDON GROUP plc

(the Company or Breedon)

 

Notification of transactions by Directors/ Persons Discharging Managerial
Responsibilities (PDMR) and Persons Closely Associated with them (PCA)

 

The Company has been notified that, on 27 November 2024, Abicad Holding
Limited (Abicad) a PCA of Amit Bhatia, Non-executive Chair of Breedon and a
PDMR, had entered into option agreements with a market counterparty under
which, if each option is fully exercised, would result in Abicad acquiring
1,500,000 existing ordinary shares of £0.01 each (Shares) in the Company (the
Option Agreements).

 

Should any option(s) be exercised, the Shares acquired under the option(s)
would be acquired by Abicad on various dates between 26 August 2025 and 1
December 2025.

 

The Company understands that these potential acquisitions of ordinary shares
by Abicad, and any future acquisitions represent a continuation of Abicad's
previously announced intention to make market purchases of shares in the
Company over time.

 

Abicad currently holds 65,554,894 ordinary shares, equating to approximately
19.08 per cent. of the Company's total issued share capital (at today's date).
If all of the Shares are acquired under the Option Agreements and Abicad does
not dispose of any of its existing interests in ordinary shares, Abicad would
have an aggregate interest in 67,054,894 ordinary shares, equating to
approximately 19.51 per cent. of the Company's total issued share capital (at
today's date).

 

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

 

MHP (Public Relations
Adviser)
          07770 753 544

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                                                                      Abicad Holding Limited, a person closely associated with Amit Bhatia
 2    Reason for the notification
 a)   Position/status                                                           Non-executive Chair and 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                                                 Options to acquire existing Ordinary Shares from a market counterparty, under
                                                                                3 option agreements
 c)   Price(s) and volume(s)

Exercise price(s) payable (pence) ((1))  Volume(s)  Exercise/ expiration date for option tranche
                                                                                392.745 p per Share                      150,000    26 August 2025

                                                                         392.745 p per Share                      150,000    27 August 2025
                                                                                 369.6423 p per Share                    200,000    24 November 2025
                                                                                 369.6423 p per Share                    200,000    25 November 2025
                                                                                 369.6423 p per Share                    200,000    26 November 2025
                                                                                392.745 p per Share                      200,000    27 November 2025
                                                                                392.745 p per Share                      200,000    28 November 2025
                                                                                392.745 p per Share                      200,000    1 December 2025
 d)   Aggregated information (if any)

      - Aggregated volume

      - Price                                                                   1,500,000

                                                                                £5,752,558.80
 e)   Date of transaction                                                       27 November 2024
 f)   Place of the transaction                                                  Outside of trading venue

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

 

 

1,500,000

 

 

£5,752,558.80

e)

Date of transaction

27 November 2024

f)

Place of the transaction

Outside of trading venue

 

Notes:

 

(1)        The relevant option tranche is automatically exercised and
the relevant Shares are acquired if the closing price of a Breedon ordinary
share is below or equal to the relevant exercise price for that tranche on the
option expiration date

 

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