REG - MJ Gleeson Plc - Performance Share Plan award to Directors/PDMRs
RNS Number : 5821WMJ Gleeson PLC11 December 2019MJ GLEESON plc
Incorporated in England and Wales
Registration number: 09268016
LEI: 21380064K7N2W7FD6434
ISIN: GB00BRKD9Z53
11 December 2019
MJ Gleeson plc ("Gleeson" or the "Company")
Performance Share Plan award to Directors/PDMRs
The Company announces that on 10 December 2019, under the Company's Long Term Incentive Plan (the "Plan"), James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer respectively, have been awarded the following share options totalling 152,813 Ordinary shares of 2p each in the Company ("Performance Shares").
Directors
Number of Performance Shares granted
James Thomson (Chief Executive Officer)
93,750
Stefan Allanson (Chief Financial Officer)
59,063
No consideration was paid for the grant of these conditional awards.
Vesting of the options is conditional upon achieving certain challenging share price and commercial targets over their three-year performance period ending 30 June 2022. A further two-year holding period in addition to the three-year vesting period applies to these awards.
These awards were granted pursuant to the MJ Gleeson plc Long Term Incentive Plan approved by shareholders in December 2019.
Enquiries:
S Allanson
Chief Financial Officer & Company Secretary
MJ Gleeson plc Tel: 01142 612900
This information set out below is provided in accordance with the requirements of DTR 3.1 and Article 19 of the EU Market Abuse Regulation.
1.
Details of PDMR / person closely associated with them ('CAP')
a)
First Name
James
b)
Last Name
Thomson
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
GB00BRKD9Z53b)
Nature of the transaction
Grant of option over ordinary shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
93,750 shares
Note: this was a single transaction.
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
10 December 2019
f)
Place of the transaction
Off Market
1.
Details of PDMR / person closely associated with them ('CAP')
a)
First Name
Stefan
b)
Last Name
Allanson
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
GB00BRKD9Z53b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
59,063 shares
Note: this was a single transaction.
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction.
e)
Date of the transaction
10 December 2019
f)
Place of the transaction
Off Market
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHCKDDBOBDDKBD
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