REG - MJ Gleeson Plc - Performance Share Plan award to Directors & PDMRs

MJ GLEESONAnnouncement

21/10/2022 16:30

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RNS Number : 7694D  MJ Gleeson PLC  21 October 2022

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

 

 

21 October 2022

 

MJ Gleeson Plc

("the Company")

 

Performance Share Plan award to Directors and PDMRs

 

The Company announces that on 20 October 2022, 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 (the "Options") over a total of 654,826 Ordinary shares of 2p each in
the Company ("Shares").

 

 DIRECTOR / PDMR                               Number of Shares subject to Option
 Stefan Allanson (Chief Financial Officer)     127,839
 Mark Knight (Chief Executive, Gleeson Homes)  76,142
 James Pitt (Managing Director, Gleeson Land)  47,525
 Leanne Johnson (Company Secretary)            6,980

 

These awards were 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 December 2019.

 

No consideration was paid for the grant of the Options. The number of Shares
subject to the Options was calculated based on a share price of 394p, being
the mid-market closing price, as derived from the London Stock Exchange daily
Official List, for dealings on 19 October 2022.

 

Vesting of the Options is conditional upon achieving certain performance
targets over the three-year performance period ending 30 June 2025. For Stefan
Allanson, these targets will be disclosed in the Company's FY22 Annual
Report.

 

The Options will vest, and will be capable of exercise (subject to achieving
the applicable performance targets) as follows:

 

 DIRECTOR / PDMR  Vesting period  Anticipated Vesting Date

 Stefan Allanson  5 years         The date the Company announces its financial results in 2027
 Mark Knight      3 years         The date the Company announces its financial results in 2025
 James Pitt       3 years         The date the Company announces its financial results in 2025
 Leanne Johnson   3 years         The date the Company announces its financial results in 2025

 

The Awards will be satisfied using market purchase shares, to be acquired by
and held in the Company's employee benefit trust.

 

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                               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  Ordinary Shares of £0.02 each

      Identification Code                      GB00BRKD9Z53
 b)   Nature of the transaction                Grant of Options over Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                               Nil       127,839
 d)   Aggregated information

      -      Aggregated volume                 Not applicable - single transaction

      -      Price
 e)   Date of the transaction                  20 October 2022

 f)   Place of the transaction                 Off market

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

20 October 2022

 

f)

Place of the transaction

Off market

 

 

 1.   Details of PDMR / person closely associated with them ('CAP')
 a)   First Name                               Mark

 b)   Last Name                                Knight

 2.   Reasons 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)   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  Ordinary Shares of £0.02 each

      Identification Code                      GB00BRKD9Z53
 b)   Nature of the transaction                Grant of Options over Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                               Nil       76,142
 d)   Aggregated information

      -      Aggregated volume                 Not applicable- single transaction

      -      Price
 e)   Date of the transaction                  20 October 2022

 f)   Place of the transaction                 Off market

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable- single transaction

e)

Date of the transaction

20 October 2022

 

f)

Place of the transaction

Off market

 

 

 1.   Details of PDMR / person closely associated with them ('CAP')
 a)   First Name                               James

 b)   Last Name                                Pitt

 2.   Reasons for the notification
 a)   Position / status                        Managing Director, Gleeson Land

 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  Ordinary Shares of £0.02 each

      Identification Code                      GB00BRKD9Z53
 b)   Nature of the transaction                Grant of Options over Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                               Nil       47,525
 d)   Aggregated information

      -      Aggregated volume                 Not applicable - single transaction

      -      Price
 e)   Date of the transaction                  20 October 2022

 f)   Place of the transaction                 Off market

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

20 October 2022

 

f)

Place of the transaction

Off market

 

 

 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  Ordinary Shares of £0.02 each

      Identification Code                      GB00BRKD9Z53
 b)   Nature of the transaction                Grant of Options over Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                               Nil       6,980
 d)   Aggregated information

      -      Aggregated volume                 Not applicable- single transaction

      -      Price
 e)   Date of the transaction                  20 October 2022

 f)   Place of the transaction                 Off market

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable- single transaction

e)

Date of the transaction

20 October 2022

 

f)

Place of the transaction

Off market

 

 

 

Enquiries:

 

 Leanne Johnson

 Head of Legal and Company Secretary

 MJ Gleeson plc                        Tel: 01142 612 900

 

 

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