REG - Headlam Group PLC - Director/PDMR Shareholding

HeadlamAnnouncement

08/04/2022 13:30

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RNS Number : 8388H  Headlam Group PLC  08 April 2022

8 April 2022

Headlam Group plc

(the 'Company')

Grant of awards under Long-Term Incentive Plan and Deferred Bonus Plan

Performance Share Plan ('PSP')

On 8 April 2022, the Company granted awards in the form of nil-cost options
over a total of 198,476 ordinary shares of 5 pence each in the Company under
the Company's Performance Share Plan (the '2022 PSP'), including 111,548 to
the following Executive Director:

 Executive Director/ PDMR  Role             Number of ordinary shares over which options granted
 Chris Payne               Chief Executive  111,548

As detailed in the 2021 Annual Report and Accounts published in March 2022,
the PSP awards vest dependent on the achievement of compound growth in
Earnings Per Share and relative Total Shareholder Return performance
conditions measured over a three-year performance period. In addition, the
awards are further subject to an underpin performance condition that the
extent of vesting reflects the overall financial performance of the Company
over the three-year performance period. When making this determination the
Company's Remuneration Committee will have full discretion to ensure that the
final outcome is warranted based on the performance of the Company in light of
all relevant factors to ensure there have been no windfall gains.

PSP awards granted to Executive Directors are additionally subject to a
two-year holding period following the date of vesting during which a dividend
equivalent will accrue in the form of additional shares to the extent the
awards vest, as calculated on a re-investment basis.

The number of ordinary shares over which the awards were granted was
calculated based on a share price of 381 pence per ordinary share, being the
average mid-market closing share price for the five business days prior to the
grant date, as derived from the London Stock Exchange daily official list.

The awards, which are subject to the Malus and Clawback conditions of the PSP,
will ordinarily vest on the latest of three years following the date of grant
or the date on which the Company's Remuneration Committee determines the
extent to which the performance conditions have been satisfied.

Deferred Bonus Plan ('DBP')

As detailed in the 2021 Annual Report and Accounts, under the DBP, one-third
of any annual bonus amount awarded to Executive Directors is deferred into a
right to acquire ordinary shares at nil-cost. Following payment of the annual
bonus in respect of the financial year ended 31 December 2021, on 8 April
2022, the Company granted nil-cost options to the following Executive
Director:

 Executive Director / PDMR  Role             Amount of Bonus Deferred (£)   Number of ordinary shares over which options granted
 Chris Payne                Chief Executive  151,725                        39,822

The 2022 DBP option will not vest until the second anniversary of the grant
date, and is subject to a dividend equivalent in the form of shares,
calculated on a re-investment basis. The number of ordinary shares over which
the awards were granted was calculated based on a share price of 381 pence per
ordinary share, being the average mid-market closing share price for the five
business days prior to the grant date, as derived from the London Stock
Exchange daily official list.

Enquiries:

 Headlam Group plc                                            Tel: 01675 433 000

 Chris Payne, Chief Executive                                 Email: headlamgroup@headlam.com (mailto:headlamgroup@headlam.com)

 Catherine Miles, Director of IR and ESG
 Panmure Gordon (UK) Limited (Corporate Broker)               Tel: 020 7886 2500

 Erik Anderson / Edward Walsh
 Peel Hunt LLP (Corporate Broker)                             Tel: 020 7418 8900

 George Sellar / John Welch / Andrew Clark
 Alma PR (Financial PR)                                       Tel: 020 3405 0205

 Susie Hudson / Rebecca Sanders-Hewett / Lily Soares Smith    Email: headlam@almapr.co.uk

Notes for Editors:

Headlam is Europe's leading floorcoverings distributor, providing the channel
between suppliers and trade customers of floorcoverings.

Headlam works with suppliers across the globe manufacturing a diverse range of
floorcovering products, and provides them with a cost efficient and effective
route to market for their products into the highly fragmented customer base.
Alongside long-established processing and distribution expertise, suppliers
benefit from Headlam's marketing and customer servicing into the most
extensive customer base.

To maximise customer reach, Headlam operates 66 businesses across the UK and
Continental Europe (France and the Netherlands). Each business operates under
its own trade brand and utilises individual sales teams while being supported
by the Company's network and centralised resources.

The Company's customer base covers both the residential and commercial
sectors, with the principal customer groups being independent retailers and
smaller flooring contractors alongside other groups such as larger retailers,
housebuilders, specifiers, and local authorities.

Headlam is focused on providing customers with a market leading service
through:

·    the broadest product offering;

·    unrivalled product knowledge and tailored solutions;

·    sales team and marketing support;

·    ecommerce support; and

·    nationwide delivery and collection service.

www.headlam.co (http://www.headlam.com) m

 

 

 

 

Notification and public disclosure of transactions by PDMRs and persons
closely associated with them

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                         Chris Payne
 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                                    Grant of nil-cost options over Ordinary Shares under the Company's Performance
                                                                  Share Plan
 d)  Price(s) and                                                 Price(s)  Volume(s)

                                                            N/A       111,548
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      8 April 2022
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

8 April 2022

g)

Place of the transaction

Outside a trading venue

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                         Chris Payne
 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                                    Grant of nil-cost options over Ordinary Shares under the Company's Deferred
                                                                  Bonus Plan
 d)  Price(s) and                                                 Price(s)  Volume(s)

                                                            N/A       39,822
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      8 April 2022
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

8 April 2022

g)

Place of the transaction

Outside a trading venue

 

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