Company Announcements

Long Term Incentive Plan award to Director

Source: RNS
RNS Number : 8939F
MJ Gleeson PLC
21 July 2021

21 July 2021


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


Long Term Incentive Plan award to Director


The Company announces that on 20 July 2021 Stefan Allanson, Chief Financial Officer, exercised share options over 50,549 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan.


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 UKLA, with dealings expected to commence on or around 26 July 2021.


Subsequent to the exercise of the share options on 20 July 2021, the Company has been notified that Stefan Allanson agreed to sell 23,829 Ordinary Shares at a price of 810 pence (£8.10) per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the abovementioned options. Completion of this sale is expected to occur on or around 26 July 2021.


Following the completion of the exercise and the sale, Stefan Allanson's aggregate shareholding will have increased to 147,374 Ordinary Shares, representing 0.25 per cent of the total voting rights in the Company.


Total Voting Rights


Following the completion of the issue of the new Ordinary Shares to Stefan Allanson the total number of issued Ordinary Shares will be 58,306,337. 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 58,306,337 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.




MJ Gleeson plc                                                               Tel: 44 1142 612 900

Leanne Johnson                                                                Company Secretary

Stefan Allanson                                                                 Chief Financial Officer


Instinctif Partners                                                             Tel: 44 20 7457 2020

Tim Linacre

Bryn Woodward

Rosie Driscoll


Singer Capital Markets                                                      Tel: 44 20 7496 3000

Shaun Dobson

James Moat


LEI: 21380064K7N2W7FD6434




Details of the person discharging managerial responsibilities / person closely associated







Stefan Allanson



Reason for the notification







Chief Financial Officer



Initial notification /Amendment



Initial notification



Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor







MJ Gleeson plc









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





Description of the financial instrument, type of instrument

Ordinary shares of 2 pence each



Identification code






Nature of the transaction



1)  Exercise of Options into Shares

2)  Sale of Ordinary Shares



Price(s) and volume(s)












1)  Nil (exercise of options)

2)  £8.10

1)  50,549


2)  23,829









Aggregated information




- Aggregated volume




- Price






Date of the transaction



20 July 2021



Place of the transaction



1)  Off market

2)  London Stock Exchange (XLON)


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