REG - Headlam Group PLC - Grant of awards under Deferred Bonus Plan

HeadlamAnnouncement

13/04/2023 16:45

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RNS Number : 1727W  Headlam Group PLC  13 April 2023

13 April 2023

 

Headlam Group plc

(the 'Company')

 

Grant of awards under Deferred Bonus Plan ('DBP')

 

As detailed in the 2022 Annual Report and Accounts, under the DBP, one-third
of any annual bonus amount awarded to Executive Directors is required to be
deferred into a right to acquire ordinary shares in the Company at nil-cost.
Following payment of the annual bonus in respect of the financial year ended
31 December 2022, on 13 April 2023, 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   67,940                          22,563

 

The 2023 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 option was granted was calculated based on a share price of 301.1
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.

 

 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
 Tom Scrivens / Atholl Tweedie

 Peel Hunt LLP (Corporate Broker)                 Tel: 020 7418 8900
 George Sellar / John Welch

 

 

 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                                                         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       22,563
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      13 April 2023
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

13 April 2023

g)

Place of the transaction

Outside a trading venue

 

 

 

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