REG - Galliford Try PLC - Director/PDMR Shareholding
Galliford Try plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.
Galliford Try plc (the "Company") notifies that following the sanction of the Scheme of Arrangement by the Court on 17 December 2019, restricted shares previously granted to Directors and PDMRs in September 2017, 2018 and 2019 under the Galliford Try plc Annual Bonus Plan 2007 ("the Plan"), have been released early in accordance with the rules of the Plan.
Accordingly, the following restricted ordinary shares of 50 pence in the Company were released on 19 December 2019 to the persons discharging managerial responsibilities ("PDMR") detailed below:
PDMR
No. of ordinary shares under the award
Date of grant of the award
Kevin Corbett
a. 5,233
b. 1,697
a. 20 September 2018
b. 19 September 2019
Andrew Hammond
a. 5,833
b. 7,874
a. 22 September 2017
b. 20 September 2018
Bill Hocking
a. 5,898
a. 20 September 2018
Graham Prothero
a. 8,819
b. 7,002
a. 20 September 2018
b. 19 September 2019
Stephen Teagle
a. 3,040
b. 7,481
c. 8,121
a. 22 September 2017
b. 20 September 2018
c. 19 September 2019
On 19 December 2019, the following PDMRs' ordinary shares were sold at £8.33 per share to meet tax withholding liabilities associated with the vesting of the aforementioned awards:
PDMR
No. of ordinary shares sold
Kevin Corbett
a. 2,460
b. 798
Andrew Hammond
a. 2,132
b. 3,701
Bill Hocking
a. 2,773
Graham Prothero
a. 4,145
b. 3,291
Stephen Teagle
a. 1,111
b. 3,517
c. 3,817
The information below (set out in accordance with the requirements of the EU Market Abuse Regulation) provides further detail:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Kevin Corbett
2
Reason for Notification
a)
Position/status
General Counsel & Company Secretary / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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
Identification code
Ordinary Shares of 50 pence each in Galliford Try plc
GB00B3Y2J508
b)
Nature of the transaction
Release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007 in accordance with the Plan rules.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. Nil
b. Nil
a. 5,233
b. 1,697
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Hammond
2
Reason for Notification
a)
Position/status
Chief Executive, Linden Homes / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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 Identification code
Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)
Nature of the transaction
Release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007 in accordance with the Plan rules.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. Nil
b. Nil
a. 5,833
b. 7,874
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bill Hocking
2
Reason for Notification
a)
Position/status
Chief Executive, Construction & Investments / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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 Identification code
Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)
Nature of the transaction
Release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007 in accordance with the Plan rules.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. Nil
a. 5,898
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Graham Prothero
2
Reason for Notification
a)
Position/status
Chief Executive / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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 Identification code
Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)
Nature of the transaction
Release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007 in accordance with the Plan rules.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. Nil
b. Nil
a. 8,819
b. 7,002
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stephen Teagle
2
Reason for Notification
a)
Position/status
Chief Executive, Partnerships & Regeneration / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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 Identification code
Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)
Nature of the transaction
Release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007 in accordance with the Plan rules.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. Nil
b. Nil
c. Nil
a. 3,040
b. 7,481
c. 8,121
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Kevin Corbett
2
Reason for Notification
a)
Position/status
General Counsel & Company Secretary / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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
Identification code
Ordinary Shares of 50 pence each in Galliford Try plc
GB00B3Y2J508
b)
Nature of the transaction
Shares sold to meet tax withholding liabilities arising from the release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. £8.33
b. £8.33
a. 2,460
b. 798
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Hammond
2
Reason for Notification
a)
Position/status
Chief Executive, Linden Homes / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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
Identification code
Ordinary Shares of 50 pence each in Galliford Try plc
GB00B3Y2J508
b)
Nature of the transaction
Shares sold to meet tax withholding liabilities arising from the release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. £8.33
b. £8.33
a. 2,132
b. 3,701
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bill Hocking
2
Reason for Notification
a)
Position/status
Chief Executive, Construction & Investments / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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
Identification code
Ordinary Shares of 50 pence each in Galliford Try plc
GB00B3Y2J508
b)
Nature of the transaction
Shares sold to meet tax withholding liabilities arising from the release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. £8.33
a. 2,773
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Graham Prothero
2
Reason for Notification
a)
Position/status
Chief Executive / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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
Identification code
Ordinary Shares of 50 pence each in Galliford Try plc
GB00B3Y2J508
b)
Nature of the transaction
Shares sold to meet tax withholding liabilities arising from the release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. £8.33
b. £8.33
a. 4,145
b. 3,291
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stephen Teagle
2
Reason for Notification
a)
Position/status
Chief Executive, Partnerships & Regeneration / PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Galliford Try plc
b)
LEI
213800OOHUV3HHP46A02
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
Identification code
Ordinary Shares of 50 pence each in Galliford Try plc
GB00B3Y2J508
b)
Nature of the transaction
Shares sold to meet tax withholding liabilities arising from the release of restricted shares granted under the Galliford Try plc Annual Bonus Plan 2007.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a. £8.33
b. £8.33
c. £8.33
a. 1,111
b. 3,517
c. 3,817
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
19 December 2019
f)
Place of the transaction
London Stock Exchange (XLON)
For further enquiries:
Galliford Try plc
Kevin Corbett, Company Secretary
01895 855001
Clara Melia, Investor Relations
07748 171 236
Tulchan Communications
James Macey White
0207 353 4200
Martin Pengelley
Elizabeth Snow
Notes to Editors
Galliford Try plc is a leading UK housebuilding, regeneration and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. Housebuilding - through our Linden Homes business - develops private and affordable homes in prime locations. Galliford Try Partnerships - our regeneration business - delivers mixed-tenure solutions working with housing association, local authority and private sector partners. Operating as Galliford Try and Morrison Construction, our Construction business carries out building and infrastructure with clients in the public, private and regulated sectors. At the end of the last financial year to 30 June 2019, the Group generated revenue of £2.8 billion.
On 7 November 2019 the Group announced it had entered into an agreement with Bovis Homes Group PLC regarding a combination of Bovis Homes and the Group's housebuilding businesses, Linden Homes and Partnerships & Regeneration. The transaction is expected to complete on 3 January 2020.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHFFMFIUFUSELE
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