REG - Harworth Group PLC - Director/PDMR Shareholding

HarworthAnnouncement

16/10/2024 11:15

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RNS Number : 4448I  Harworth Group PLC  16 October 2024

16 October
2024
 
                                LEI:
213800R8JSSGK2KPFG21

 

Harworth Group plc

 

Director/PDMR Shareholding

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

Harworth 2019 Restricted Share Plan ("RSP")

 

The Company announces that on 16 October 2024 awards under the rules of the
RSP (structured as nil-cost options) were granted to the individuals noted
below. The RSP awards vest on a phased basis over a period of five years
commencing with the Company's 2024 financial year, with one third of the RSP
awards vesting following the end of the 2026, 2027 and 2028 financial years,
and vested shares being subject to a holding period so that no shares can be
sold until the end of the five-year period. The RSP awards are subject to
performance underpins described in the Company's Directors' Remuneration
Report in its annual report and financial statements for the year ended 31
December 2023. Dividend equivalents will apply to the RSP awards during the
holding period.

 

 1.                                Details of the person discharging managerial responsibilities/person closely
                                   associated
 (a)                               Name                                                         1)          Andrew Blackshaw i  (#_edn1)

                                                                                                2)          Jonathan Haigh ii  (#_edn2)

                                                                                                3)          Luke Passby
 2.                                Reason for the notification
 (a)                               Position/status                                              1)          Chief Operating Officer (PDMR)

                                                                                                2)          Chief Investment Officer (PDMR)

                                                                                                3)          Head of Investor Relations & Communications (PDMR)
 (b)                               Initial notification/ Amendment                              Initial Notification
 3.                                Details of the issuer, emission allowance market participant, auction
                                   platform, auctioneer or auction monitor
 (a)                               Name                                                         Harworth Group plc
 (b)                               LEI                                                          213800R8JSSGK2KPFG21
 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 10 pence each
                                   Identification code                                          ISIN: GB00BYZJ7G42
 (b)                               Nature of the transaction                                    Grant of an option with an exercise price of zero (nil cost option) under the
                                                                                                Harworth 2019 Restricted Share Plan
 (c)                               Price(s) and volume (s)

Price(s)  Volume(s)
                                                                                                1)  N/A   7,818

                                                            2)  N/A   7,818
                                                                                                3) N/A    13,313

 (d)                               Aggregated information                                       As stated above.

                                   - Aggregated volume

                                   - Price
 (e)                               Date of the transaction                                      16 October 2024
 (f)                               Place of the transaction                                     Outside a trading venue

(d)

Aggregated information

- Aggregated volume

- Price

As stated above.

(e)

Date of the transaction

16 October 2024

(f)

Place of the transaction

Outside a trading venue

 

 i  (#_ednref1) RSP awards granted as a top-up to the awards granted on 22(nd)
April 2024 ("April Awards") as, due to an administrative error, an incorrect
salary amount was used to calculate the April Awards.

 ii  (#_ednref2) As above.

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