REG - Headlam Group PLC - Option Exercise and Transfer of Treasury Shares

HeadlamAnnouncement

06/01/2021 10:50

RNS Number : 7712K
  
Headlam Group PLC
  
06 January 2021
  
 

6 January 2021
 
Headlam Group plc
('Headlam' or the 'Company')
 
Exercise of share options / Transfer of treasury shares
 
Headlam Group plc (LSE: HEAD), Europe's leading distributor of floorcoverings, announces that, on 5 January 2021, share options granted under the 2015 grant of the Headlam Group Save-As-You-Earn ('SAYE') share option scheme, were exercised at the option price of £3.40 per share, by certain employees of the Company.
 
A total of 352 ordinary shares have been transferred from treasury stock for the purpose of satisfying the exercise of the share options.
Following the above transfer of treasury stock, the Company holds 528,398 ordinary shares as treasury shares.
The total number of ordinary shares in issue (excluding shares held as treasury shares) is 85,110,811 with one voting right per share. Therefore, the total number of voting rights in the Company is 85,110,811.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
 




Headlam Group plc
Steve Wilson, Chief Executive
Chris Payne, Chief Financial Officer
Catherine Miles, Director of Communications
 


Tel: 01675 433 000
Email: headlamgroup@headlam.com 




Investec Bank plc (Corporate Broker)
David Flin / Alex Wright


Tel: 020 7597 5970




 


 




Panmure Gordon (UK) Limited (Corporate Broker)
Erik Anderson / Dominic Morley / Ailsa Macmaster


Tel: 020 7886 2500




 
Alma PR (Financial PR)
Rebecca Sanders-Hewett / Susie Hudson / Harriet Jackson


 
Tel: 020 3405 0205
Headlam@almapr.co.uk




 
Notes for Editors:
Operating for 28 years, Headlam is Europe's leading floorcoverings distributor.
Headlam provides the distribution channel between suppliers and trade customers of floorcoverings. Working in partnership with suppliers across the globe manufacturing a diverse range of floorcovering products and ancillary accessories, Headlam provides an unparalleled route to market for their products across the UK and certain Continental European territories.
The utilisation of an outsourced distribution channel enables manufacturers to focus on their core activities, incur reduced costs associated with distribution, and benefit from localised sales, marketing and distribution expertise that provides a more effective and greater route to market for their products.
To maximize customer and market penetration, and reflecting the regionalised nature of the marketplace, Headlam comprises 67 individual businesses in the UK and Continental Europe (France, the Netherlands and Switzerland) each operating under their own unique trade brand and utilising individual sales teams.
Headlam's extensive customer base, operating within both the residential and commercial sectors and comprising principally independent retailers and flooring contractors, receives the broadest product offering supported by next day delivery as well as additional marketing and other support.
Headlam's offering is enabled through its unrivalled operating expertise, long-established supplier and customer relationships, and comprehensive distribution network. Following years of considerable investment, Headlam's distribution network currently comprises four national distribution hubs, 19 regional distribution centres and a supporting network of smaller warehouse premises, trade counters, showrooms and specification centres.
In 2019, Headlam worked with 190 suppliers from 19 countries and fulfilled 5.3 million customer orders.
www.headlam.com
 

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