Director/PDMR Shareholding

MJ GLEESON

Tue 16:43

RNS Number : 6927A
  
MJ Gleeson PLC
  
27 October 2026
  
 


MJ GLEESON plc
Incorporated in England and Wales
Registration number: 09268016
LEI: 21380064K7N2W7FD6434
ISIN: GB00BRKD9Z53
 
 
27 October 2026
 
MJ Gleeson Plc
("the Company")
 
LTIP Options to Directors and RSA Options to PDMRs
 
The Company announces that on 23 October 2026 under the Company's Long Term Incentive Plan (the "Plan"), that the Directors and Persons Discharging Management Responsibilities ("PDMR") listed below were granted nil-cost share options (each an "Option") over Ordinary Shares of 2p each in the Company ("Shares") as follows:
 




DIRECTOR / PDMR


Number of Shares subject to Option




Graham Prothero (Chief Executive Officer)


 315,813




Andrew Kirkman (Chief Financial Officer)


138,812




Scott Stothard (Divisional Chair, Gleeson Homes)


43,624




Leanne Johnson (Company Secretary)


13,246




 
Each Option was granted pursuant to the Plan approved by shareholders in December 2016 and amended by the Board in accordance with paragraph 19.2 of the Plan, in September 2023.
 
No consideration was paid for the grant of the Options. The number of Shares subject to each Option was calculated based on a share price of 283.1p, being the average mid-market closing price, as derived from the London Stock Exchange daily Official List, from the five-days prior to the grant.
 
For Graham Prothero and Andrew Kirkman, vesting of each Option is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2029 and continued service (save for good leaver treatment) through to the assessment of the performance targets. Full details of the relative TSR and carbon reduction performance targets are disclosed in the Company's FY26 Annual Report.
 
At the time the FY26 Annual Report was published, the Board had not determined the EPS performance target, relating to 50% of such performance based Options. The EPS target has now been determined and reflects the Company's ambitious internal plan in a backdrop of continued sector uncertainty, as well as a material change in earnings expectations for shareholders.
 
Full details of the EPS performance target for the year ended 30 June 2029 applicable to such performance based Options are set out below:
 




Threshold (20%) of award vests


Maximum (100%) of award vests*




24p


31.5p




 
* Straight-line vesting between threshold and maximum performance.
 
To the extent they become vested, the Options will normally become exercisable when Company announces its financial results for the financial year ending 30 June 2031.
 
For the PDMRs the Options are subject to a performance underpin condition and a continued service requirement through to the time vesting of the Options. To the extent they become vested, the Options will normally become exercisable when Company announces its financial results for the financial year ending 30 June 2029.
 
Enquiries:
 




Leanne Johnson
Head of Legal and Company Secretary
MJ Gleeson plc
 


 
 
Tel: 01142 612 900
 




 
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.




1.


Details of PDMR / person closely associated with them ('CAP')




a)


First Name


Graham
 




b)


Last Name


Prothero
 




2.


Reasons for the notification




a)


Position / status


Chief Executive Officer
 




b)


Initial notification / amendment


Initial Notification




3.


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




a)


Full name of the entity


MJ Gleeson Plc
 




b)


Legal Entity Identifier code


21380064K7N2W7FD6434
 




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
Identification Code


Ordinary Shares of £0.02 each


GB00BRKD9Z53




b)


Nature of the transaction


Grant of a nil cost Option over Ordinary Shares under the Company's LTIP
 




c)
 


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




Nil


315,813




 


 









d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


23 October 2026




f)


Place of the transaction


Outside a trading venue




 




1.


Details of PDMR / person closely associated with them ('CAP')




a)


First Name


Andrew
 




b)


Last Name


Kirkman
 




2.


Reasons for the notification




a)


Position / status


Chief Financial Officer
 




b)


Initial notification / amendment


Initial Notification




3.


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




a)


Full name of the entity


MJ Gleeson Plc
 




b)


Legal Entity Identifier code


21380064K7N2W7FD6434
 




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
Identification Code


Ordinary Shares of £0.02 each


GB00BRKD9Z53




b)


Nature of the transaction


Grant of a nil cost Option over Ordinary Shares under the Company's LTIP
 




c)
 


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




Nil


138,812




 


 









d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable - single transaction




e)


Date of the transaction


23 October 2026




f)


Place of the transaction


Outside a trading venue




 




1.


Details of PDMR / person closely associated with them ('CAP')




a)


First Name


Scott
 




b)


Last Name


Stothard
 




2.


Reasons for the notification




a)


Position / status


Divisional Chair (Gleeson Homes)
 




b)


Initial notification / amendment


Initial Notification




3.


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




a)


Full name of the entity


MJ Gleeson Plc
 




b)


Legal Entity Identifier code


21380064K7N2W7FD6434
 




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
Identification Code


Ordinary Shares of £0.02 each


GB00BRKD9Z53




b)


Nature of the transaction


Grant of a nil cost Option over Ordinary Shares under the Company's LTIP.
 




c)
 


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




Nil


43,624




 


 









d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable- single transaction




e)


Date of the transaction


23 October 2026




f)


Place of the transaction


Outside a trading venue




 




1.


Details of PDMR / person closely associated with them ('CAP')




a)


First Name


Leanne
 




b)


Last Name


Johnson
 




2.


Reasons for the notification




a)


Position / status


Company Secretary
 




b)


Initial notification / amendment


Initial Notification




3.


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




a)


Full name of the entity


MJ Gleeson Plc
 




b)


Legal Entity Identifier code


21380064K7N2W7FD6434
 




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
Identification Code


Ordinary Shares of £0.02 each


GB00BRKD9Z53




b)


Nature of the transaction


Grant of a nil cost Option over Ordinary Shares under the Company's LTIP.
 




c)
 


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




Nil


13,246




 


 









d)


Aggregated information
-      Aggregated volume
-      Price


 
Not applicable- single transaction




e)


Date of the transaction


23 October 2026




f)


Place of the transaction


Outside a trading venue




 




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