REG - Headlam Group PLC - Exercise of options & Director/PDMR shareholding

HeadlamAnnouncement

31/05/2018 14:05

RNS Number : 8818P
Headlam Group PLC
31 May 2018
 


31 May 2018
Headlam Group plc
('Headlam' or the 'Company')
 
Exercise of share options and Director/PDMR shareholding
 
Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, announces that on 25 May 2018 the trustee of the Headlam Group Co-Investment Plan 2008 ('CIP') approved the transfer of 43,028 and 38,349 ordinary shares of 5 pence each in the capital of the Company ('Ordinary Shares') to Steve Wilson, Chief Executive, and Tony Judge, Chief Operating Officer, respectively, as a result of the exercise of options following the vesting of awards granted on 1 May 2015 to certain members of key management under the CIP.
Steve Wilson and Tony Judge have retained all the Ordinary Shares relating to the exercise, increasing their beneficial shareholdings in the Company to 657,272 and 154,045 Ordinary Shares, respectively, representing approximately 0.77% and 0.18%, respectively, of the Company's issued share capital (excluding shares held as treasury shares) as at 31 May 2018.
Options granted on 1 May 2015 under the CIP over, in aggregate 204,935 Ordinary Shares, have now been exercised by current and past (under leaver provisions) members of key management, with the awards being satisfied from Ordinary Shares held by the trustee of the CIP that have previously been acquired from the open market. The awards were exercised with the total amount paid on exercise being £1 per individual.
Following the above transfer of Ordinary Shares to satisfy the awards, the trustee of the CIP now holds 136,956 Ordinary Shares, representing approximately 0.16% of the Company's issued share capital (excluding shares held as treasury shares) as at 31 May 2018. 
Enquiries:




Headlam Group plc


Tel: 01675 433 000




Steve Wilson, Chief Executive
Catherine Miles, Director of Communications


 
 
 




Investec Bank plc (Corporate Broker) 


Tel: 020 7597 5970




Garry Levin / David Flin / Alex Wright


 




 


 




Buchanan (Financial PR and IR)


Tel: 020 7466 5000




Mark Court / Sophie Wills / Catriona Flint
 


 


 










Notes for Editors:
 
Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.
 
Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.
 
The Company is engaged with suppliers across 16 primary countries whose products cover a significant proportion of the floorcoverings market including carpet, residential vinyl, engineered wood, laminate, luxury vinyl tiles, ceramic tiles, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.
 
The Company comprises 64 wholly-owned businesses in the UK and Continental Europe (UK 60, Continental Europe 4) each operating under their own trade brand and utilising their individual sales team which achieves greater market penetration.
 
Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.
 
www.headlam.com
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them.
 




1.


Details of PDMR / person closely associated with them ("PCA")




a)


Name
 


Steve Wilson
 
 
 
 




2.


Reason for the notification
 
 
                      




a)


Position / status


Chief Executive




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer




a)


Name


Headlam Group plc
 




b)


LEI


213800I4AZZUJEYX9O90
 
 




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 £0.05 each. 




b)


Identification code


ISIN: GB0004170089




c)


Nature of the transaction


Exercise of nil-cost options over Ordinary Shares under the Company's Co-Investment Plan 2008
 
 




d)


Price(s) and
volume(s)






Price(s)


Volume(s)




N/A


43,028









e)


Aggregated information
-     Volume
-     Price


N/A




f)


Date of the transaction


25 May 2018




g)


Place of the transaction


Outside a trading venue




 
 
 




1.


Details of PDMR / person closely associated with them ("PCA")




a)


Name
 


Tony Judge
 
 
 
 




2.


Reason for the notification
 
 
                      




a)


Position / status


Chief Operating Officer




b)


Initial notification / amendment


Initial notification




3.


Details of the issuer




a)


Name


Headlam Group plc
 




b)


LEI


213800I4AZZUJEYX9O90
 
 




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 £0.05 each. 




b)


Identification code


ISIN: GB0004170089




c)


Nature of the transaction


Exercise of nil-cost options over Ordinary Shares under the Company's Co-Investment Plan 2008
 
 




d)


Price(s) and
volume(s)






Price(s)


Volume(s)




N/A


38,349









e)


Aggregated information
-     Volume
-     Price


N/A




f)


Date of the transaction


25 May 2018




g)


Place of the transaction


Outside a trading venue




 
 




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