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

MJ GLEESONAnnouncement

27/02/2023 12:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230227:nRSa1744Ra&default-theme=true

RNS Number : 1744R  MJ Gleeson PLC  27 February 2023

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

 

 

27 February 2023

 

MJ Gleeson Plc

("the Company")

 

Performance Share Plan award to Directors and PDMRs

 

The Company announces that on 22 February 2023, under the Company's Long Term
Incentive Plan (the "Plan"), the Directors and Persons Discharging Management
Responsibilities ("PDMR") listed below were granted nil-cost share options
(the "Options") over an aggregate of 333,064 Ordinary shares of 2p each in the
Company.

 

No consideration was paid for the grant of the Options.

 

 DIRECTOR / PDMR                                  Number of Shares subject to Option  Share Price on Grant
 Graham Prothero (Chief Executive Officer)        296,053                             456p (being the mid-market closing price, as derived from the London Stock

                                                                                    Exchange daily Official List, for dealings on 21 February 2023)

 Guy Gusterson (Managing Director, Gleeson Land)  37,011                              394p (being the mid-market closing price, as derived from the London Stock
                                                                                      Exchange daily Official List, for dealings on 19 October 2022, in accordance
                                                                                      with equivalent grants made on 20 October 2022)

 

Vesting of the Options is conditional upon the achievement of certain
performance targets over the three-year performance period ending 30 June
2025, in accordance with the rules of the Plan. The Options granted to Graham
Prothero were granted in accordance with the Company's Directors' Remuneration
Policy as approved by shareholders at the 2022 AGM, and further details of the
Options (including in relation to the applicable performance targets) are
disclosed in the Company's FY22 Annual Report.

 

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

 

 DIRECTOR / PDMR  Vesting period  Anticipated Vesting Date

 Graham Prothero  5 years         The date the Company announces its financial results in 2027
 Guy Gusterson    3 years         The date the Company announces its financial results in 2025

 

The Options will be satisfied using market purchase shares, to be acquired by
and held in the Company's employee benefit trust for the purposes of
settlement of awards granted under the Company's share plans.

 

 

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  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       296,053
 d)   Aggregated information

      -      Aggregated volume                 Not applicable - single transaction

      -      Price
 e)   Date of the transaction                  22 February 2023

 f)   Place of the transaction                 Off market

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

22 February 2023

 

f)

Place of the transaction

Off market

 

 

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

 b)   Last Name                                Gusterson

 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       37,011
 d)   Aggregated information

      -      Aggregated volume                 Not applicable - single transaction

      -      Price
 e)   Date of the transaction                  22 February 2023

 f)   Place of the transaction                 Off market

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

22 February 2023

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHSEEFEWEDSESE