REG - Headlam Group PLC - Grant of awards under Performance Share Plan

HeadlamAnnouncement

17/04/2025 14:15

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RNS Number : 5194F  Headlam Group PLC  17 April 2025

17 April 2025

 

Headlam Group plc

(the 'Company')

Grant of awards under Performance Share Plan

 

Performance Share Plan awards

On 17 April 2025, the Company granted awards in the form of nil-cost options
over 1,238,535 ordinary shares of 5 pence each in the Company under the
Company's Performance Share Plan, (the 'PSP') to the following Executive
Directors:

 

 Executive Director / PDMR   Role                     Number of ordinary shares over which PSP awards granted

                                                      741,285

 Chris Payne                 Chief Executive

 Adam Phillips               Chief Financial Officer  497,250

 

As detailed in the 2024 Annual Report and Accounts published on 24 March 2025,
vesting of the PSP awards is dependent on continued employment and the
achievement of performance conditions against the following measures:

-     Earnings Per Share performance (70%);

-     relative Total Shareholder Return performance measured against the
constituents of the FTSE SmallCap Index (excluding investment trusts) (20%);
and

-     reduction in greenhouse gas emissions (10%).

 

The performance conditions will be 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 windfalls 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 awards are subject to the malus and clawback provisions of the PSP.

 Headlam Group plc                                        Tel: 01675 433 000
 Chris Payne, Chief Executive                             Email: headlamgroup@headlam.com (mailto:headlamgroup@headlam.com)
 Adam Phillips, Chief Financial Officer

 Alison Hughes, General Counsel & Company Secretary
 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 / Finn Nugent

 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 5 pence 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)

                                                            Nil       741,285
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      17 April 2025
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

17 April 2025

g)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                         Adam Phillips
 2.  Reason for the notification
 a)  Position / status                                            Chief Financial 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 5 pence 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)

                                                            Nil       497,250
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      17 April 2025
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

17 April 2025

g)

Place of the transaction

Outside a trading venue

 

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