Director/PDMR Shareholding

Hill and Smith

02/04/2025 14:30

RNS Number : 3951D

Hill & Smith PLC

02 April 2025

 

2 April 2025

Hill & Smith PLC ('Hill & Smith' or 'the Company')

Director and PDMR Shareholdings

Hill & Smith announces the following dealings by Directors and PDMRs of the Company in connection with its employee share plan arrangements.

Hill & Smith 2023 Long Term Incentive Plan - 2025 Award ('LTIP')

On 1 April 2025 (the 'Grant Date'), the Company granted awards under the Hill & Smith 2023 Long Term Incentive Plan to the Directors / PDMRs as set out below:

Director / PDMR
Director / PDMR
Job Title
Type of award
Number of shares
Director
Rutger Helbing
Chief Executive Officer
Nil-cost option
68,496
PDMR
Tim Tehan
Group President
Conditional award
18,327
PDMR
Nick Adcock
Group President
Nil-cost option
15,850

 

The number of shares over which the awards were granted was calculated based on a share price of £17.46, that being the closing mid-market price from the day immediately preceding the date of grant.

The Awards will vest based on the achievement of relative Total Shareholder Return (40%), Underlying EPS Growth (50%) and the Company's reduction in greenhouse gas ("GHG") emissions (10%) over a 3-year performance period. The detailed performance conditions will be provided in the 2025 Directors' Remuneration Report.

The Awards will (subject to the achievement of the performance conditions) vest following the end of the performance period, for Rutger Helbing as an Executive Director, the LTIP may not ordinarily be exercised until the end of a further two-year holding period.

Deferred Bonus Plan awards in respect of 2024 bonuses

On 1 April 2025 the Company granted awards under the rules of its Deferred Bonus Plan in respect of bonuses earned for the year ended 31 December 2024. The Company confirms that:

Director / PDMR
Director / PDMR
Job Title
Type of award
Number of shares
Director
Rutger Helbing
Chief Executive Officer
Nil-cost option
6,755
PDMR
Hannah Nichols
Group President
Nil-cost option
11,846
PDMR
Nick Adcock
Group President
Nil-cost option
3,486

 

The awards will vest following the end of a two-year deferral period.

The Notification of Dealing Forms for the above transactions are set out below:

Notification of Dealing Form for Rutger Helbing

1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Rutger Helbing
2.
Reason for the notification
(a)
Position/status
Chief Executive Officer
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Hill & Smith PLC
(b)
LEI
2138003A3ISGQZBOWI83
4.1
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
Ordinary shares of £0.25 each
(b)
Identification code of the Financial Instrument
GB0004270301
(c)
Nature of the transaction
Grant of nil-cost options under theHill & Smith 2023 Long Term Incentive Plan
(d)
Price(s) and volume(s)
Price(s)
Volume
Nil
68,496
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of the transaction
1 April 2025
(g)
Place of the transaction
Outside a trading venue
4.2
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
Ordinary shares of £0.25 each
(b)
Identification code of the Financial Instrument
GB0004270301
(c)
Nature of the transaction
Grant of nil-cost options under the Hill & Smith Deferred Bonus Plan
(d)
Price(s) and volume(s)
Price(s)
Volume
£17.46
6,755
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of the transaction
1 April 2025
(g)
Place of the transaction
Outside a trading venue

 

Notification of Dealing Form for Nicholas Adcock

1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Nicholas Adcock
2.
Reason for the notification
(a)
Position/status
Group President
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Hill & Smith PLC
(b)
LEI
2138003A3ISGQZBOWI83
4.1
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
Ordinary shares of £0.25 each
(b)
Identification code of the Financial Instrument
GB0004270301
(c)
Nature of the transaction
Grant of nil-cost options under the Hill & Smith 2023 Long Term Incentive Plan
(d)
Price(s) and volume(s)
Price(s)
Volume
Nil
15,850
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of the transaction
1 April 2025
(g)
Place of the transaction
Outside a trading venue
4.2
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
Ordinary shares of £0.25 each
(b)
Identification code of the Financial Instrument
GB0004270301
(c)
Nature of the transaction
Grant of nil-cost options under the Hill & Smith Deferred Bonus Plan
(d)
Price(s) and volume(s)
Price(s)
Volume
£17.46
3,486
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of the transaction
1 April 2025
(g)
Place of the transaction
Outside a trading venue

 

Notification of Dealing Form for Tim Tehan

1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Tim Tehan
2.
Reason for the notification
(a)
Position/status
Group President
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Hill & Smith PLC
(b)
LEI
2138003A3ISGQZBOWI83
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
Ordinary shares of £0.25 each
(b)
Identification code of the Financial Instrument
GB0004270301
(c)
Nature of the transaction
Grant of a Conditional Award under theHill & Smith 2023 Long Term Incentive Plan
(d)
Price(s) and volume(s)
Price(s)
Volume
Nil
18,327
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of the transaction
1 April 2025
(g)
Place of the transaction
Outside a trading venue

 

Notification of Dealing Form for Hannah Nichols

1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Hannah Nichols
2.
Reason for the notification
(a)
Position/status
Chief Financial Officer
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Hill & Smith PLC
(b)
LEI
2138003A3ISGQZBOWI83
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
Ordinary shares of £0.25 each
(b)
Identification code of the Financial Instrument
GB0004270301
(c)
Nature of the transaction
Grant of nil-cost options under the Hill & Smith Deferred Bonus Plan
(d)
Price(s) and volume(s)
Price(s)
Volume
£17.46
11,846
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of the transaction
1 April 2025
(g)
Place of the transaction
Outside a trading venue

 

Enquiries:

Karen Atterbury

Company Secretary

0121 704 7430

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