REG - Howden Joinery Grp - Director/PDMR Shareholding

Howden JoineryAnnouncement

06/09/2019 17:15

RNS Number : 5712L
Howden Joinery Group PLC
06 September 2019
 


6 September 2019
 
HOWDEN JOINERY GROUP PLC
(the "Company")
 
NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
 
Grants under Howdens Long Term Incentive Plan ("LTIP")
 
The Company announces that on 5 September 2019 it granted the following restricted share awards ("Awards") over ordinary shares ("Shares") of the Company to Mark Slater, Commercial Director and a Person Discharging Managerial Responsibilities ("PDMR"), under the Company's LTIP.
 



Shares granted under each Award


Date of Vest




38,241


31 March 2020




8,144


31 March 2020




34,202


31 March 2021




7,170


31 March 2021




9,924


31 March 2021




13,646


31 March 2022



 
Mr Slater joined the Company on 3 June 2019 and upon leaving his previous employment forfeited a number of share awards ("Previous Awards"), including performance based awards and awards of restricted shares not subject to performance conditions. Although Mr Slater is not an executive director of the Company, the Previous Awards have nevertheless been replaced with awards of forfeitable shares in line with the approved executive director remuneration policy, with equivalent remaining periods to release of the awards foregone and equivalent expected value.
 
The Notification of Dealing Form for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.



NOTIFICATION OF DEALING FORM




1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Mark Slater




2


Reason for the notification




a)


Position/status


PDMR




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Howden Joinery Group plc




b)


LEI


213800KC1LJOJTY3JP45




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











Nature of transaction


Award of forfeitable ordinary shares under the rules of the Howdens Long Term Incentive Plan










Description/type of Financial Instrument


Identification code


Date of transaction


Place of transaction




Ordinary shares of 10 pence each


GB0005576813


2019-09-05


Outside a trading venue










Individual transactions


Price(s)


Volume(s)


Total




GBP nil


38,241


n/a




GBP nil


8,144


n/a




GBP nil


34,202


n/a




GBP nil


7,170


n/a




GBP nil


9,924


n/a




GBP nil


13,646


n/a




Aggregated information


Price(s)


Aggregated Volume


Total




GBP nil


111,327


n/a







 
 
Enquiries
Forbes McNaughton, Company Secretary:                      020 7535 1137
 




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END
 
 
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