REG - MJ Gleeson Plc - Exercise of Options, TVR & Director/PDMR Dealings <Origin Href="QuoteRef">GLEG.L</Origin>

MJ GLEESONAnnouncement

04/10/2017 11:35

RNS Number : 6985S
MJ Gleeson PLC
04 October 2017
4 October 2017
MJ Gleeson plc ("Gleeson" or the "Company")
Exercise of Options, TVR and Director/PDMR Dealings
The Company announces that on 3 October, Joylon Harrison and Scott Chamberlin, Chief Executive Officer of the Company and Managing Director of Gleeson Strategic Land, respectively, and certain other employees of the Company, have exercised options at 2 pence per share over 467,258 ordinary shares of 2 pence each in the capital of the Company ("New Shares") ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan ("LTIP") which were granted on 1 October 2014.
PDMR
Exercise of Options by a PDMR
Joylon Harrison, Chief Executive Officer
290,769
Scott Chamberlin, Managing Director, Gleeson Strategic Land
39,577
Application has been made for the admission to trading of the new Ordinary Shares, which rank pari passu in all respect 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 UKLA, with dealings expected to commence on or around 10 October 2017.
Following issue of the New Shares, the Company's total issued share capital will consist of 54,587,753 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 54,587,753 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 Disclosure and Transparency Rules.
Subsequent to the exercise and issue of the New Shares, the Company has been notified that Jolyon Harrison sold 131,239 Ordinary Shares at an average price of 666.05 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options. Following the exercise and the sale, Jolyon Harrison's shareholdings, including those held by Related Persons is 1,893,749 Ordinary Shares in the Company, representing 3.47 per cent. of the total voting rights in the Company.
In addition, and also subsequent to the exercise and issue of the New Shares, the Company has been notified that Scott Chamberlin sold 18,657 Ordinary Shares at a price of 666.05 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options. Following the exercise and the sale, Scott Chamberlin's shareholdings, including those held by Related Persons is 24,864 Ordinary Shares in the Company, representing 0.05 per cent. of the total voting rights in the Company.
The notification below, made in accordance with the requirements of DTR 3.1 and Article 19 of The Market Abuse provide further detail.
Enquiries:
MJ Gleeson plc 
Stefan Allanson, Chief Financial Officer 
Tel: 01142 612 900
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Jolyon Harrison
2 
Reason 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) 
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 
Identification code 
Ordinary shares of 2 pence each
GB00BRKD9Z53
b) 
Nature of the transaction 
i. Exercise of Options over Ordinary Shares
ii. Sale of Ordinary Shares
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
i. 2 pence
ii. 666.05 pence
i. 290,769
ii. 131,239
d) 
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction 
i. 3 October 2017
ii. 3 October 2017
f) 
Place of the transaction 
i. Off market
ii. London Stock Exchange (XLON)
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Scott Chamberlin
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 
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 
Identification code 
Ordinary shares of 2 pence each
GB00BRKD9Z53
b) 
Nature of the transaction 
i. Exercise of Options over Ordinary Shares
ii. Sale of Ordinary Shares
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
i. 2 pence
ii. 666.05 pence
i. 39,577
ii. 18,657
d) 
Aggregated information 
- Aggregated volume 
- Price 
N/A
e) 
Date of the transaction 
i. 3 October 2017
ii. 3 October 2017
f) 
Place of the transaction 
i. Off market
ii. London Stock Exchange (XLON)

This information is provided by RNS
The company news service from the London Stock Exchange
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