REG - MJ Gleeson Plc - Exercise of Options & PDMR Dealing

MJ GLEESONAnnouncement

05/10/2022 16:15

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RNS Number : 9284B  MJ Gleeson PLC  05 October 2022

5 October 2022

 

MJ Gleeson plc ("Gleeson" or the "Company")

 

Exercise of Options and PDMR Dealing

 

The Company announces that on 4 October 2022, certain employees exercised
share options over 36,023 ordinary shares of 2 pence each in the capital of
the Company ("Ordinary Shares") in connection with the Company's Long Term
Incentive Plan, including Mark Knight, Chief Executive of Gleeson Homes, a
PDMR, who exercised share options over 21,457 Ordinary Shares.

 

Application has been made for the admission to trading of the new Ordinary
Shares, which will rank pari passu in all respects with the Company's existing
Ordinary Shares, on the Main Market of the London Stock Exchange and to
listing on the Official List of the FCA, with dealings expected to commence on
or around 11 October 2022.

 

Subsequent to the exercise of the share options on 4 October 2022, Mark Knight
has, on 4 October 2022 sold 10,680 Ordinary Shares at an average price of 403
pence (£4.03) per Ordinary Share in order to satisfy tax liabilities
resulting from the exercise of the abovementioned options.

 

Following the completion of the exercise and the sale, Mark Knight's aggregate
shareholding is expected to increase to 44,820 Ordinary Shares, representing
0.8 per cent. of the total voting rights in the Company.

 

Total Voting Rights

 

Following the completion of the issue of the new Ordinary Shares, the total
number of issued Ordinary Shares will be 58,342,360. The Company does not hold
any Ordinary Shares in Treasury.

 

Therefore, from completion of the issue of new Ordinary Shares the total
number of Ordinary Shares with voting rights is 58,342,360 which 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 in their interest in, the share capital of the Company under the
FCA's DTR.

 

Enquiries:

 

MJ Gleeson plc
 
Tel: 44 1142 612 900

Leanne
Johnson
Company Secretary

Stefan Allanson
 
Chief Financial Officer

 

Singer Capital Markets
 
Tel: 44 20 7496 3000

Shaun Dobson

James Moat

 

LEI: 21380064K7N2W7FD6434

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mark Knight

 2    Reason for the notification

 a)   Position/status                                              Chief Executive, Gleeson Homes

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         MJ Gleeson plc

 b)   LEI                                                          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, type of instrument  Ordinary shares of 2 pence each

      Identification code                                          ISIN: GB00BRKD9Z53

 b)   Nature of the transaction                                    1)  Exercise of Options into Shares

                                                                   2)  Sale of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)                        Volume(s)
                                                                                     1)  Nil (exercise of options)   1)  21,457

                                                                                     2)  403 pence

                                                                                                                     2)  10,068

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price

 e)   Date of the transaction                                      4 October 2022

 f)   Place of the transaction                                     1)  Off market

                                                                   2)  London Stock Exchange (XLON)

 

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