REG - Headlam Group PLC - Grant of awards under the Company's PSP

HeadlamAnnouncement

29/06/2023 17:15

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RNS Number : 4477E  Headlam Group PLC  29 June 2023

29 June 2023

Headlam Group plc

(the 'Company')

 

Grant of awards under the Company's Performance Share Plan ('PSP')

On 29 June 2023, the Company granted awards in the form of nil-cost options
over a total of 775,782 ordinary shares in the Company under the Company's
PSP, including 404,812 to the following Executive Directors and Persons
Discharging Managerial Responsibility ('PDMR'):

 Executive Director/ PDMR  Position                 Number of ordinary shares over which PSP awards granted
 Chris Payne               Chief Executive          277,669
 Adam Phillips             Chief Financial Officer  127,143

 

As detailed on page 162 of the 2022 Annual Report and Accounts, the PSP awards
vest dependent on the achievement of performance conditions against the
following measures:

-     underlying Earnings Per Share performance (70%)

-     relative Total Shareholder Return (20%); and

-     reduction in greenhouse gas emissions (10%).

The performance conditions will be measured over a three-year performance
period.

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 the
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 PSP awards were granted was based
on a share price of 256.60 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 also 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.

 

Enquiries:

 

 Headlam Group plc                                Tel: 01675 433 000

 Chris Payne, Chief Executive                     Email: headlamgroup@headlam.com (mailto:headlamgroup@headlam.com)
 Adam Phillips, Chief Financial Officer
 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

 

 

 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       277,669
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      29 June 2023
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

29 June 2023

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 £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       127,143
     volume(s)
 e)  Aggregated information                                       N/A

     -     Volume

     -     Price
 f)  Date of the transaction                                      29 June 2023
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

29 June 2023

g)

Place of the transaction

Outside a trading venue

 

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