Company Announcements

Performance Share Plan award to Directors

Source: RNS
RNS Number : 2705N
MJ Gleeson PLC
28 September 2021
 

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

 

 

28 September 2021

 

MJ Gleeson Plc

("the Company")

 

Performance Share Plan award to Directors/PDMRs

                  

 

The Company announces that on 27 September 2021, under the Company's Long Term Incentive Plan (the "Plan"), James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer respectively, were granted nil-cost share options ("Option") over a total of 153,939 Ordinary shares of 2p each in the Company ("Shares").

 

Directors

Number of Shares subject to Option

James Thomson (Chief Executive Officer)

94,441

Stefan Allanson (Chief Financial Officer)

59,498

 

No consideration was paid for the grant of the Option. The number of Shares subject to the Option was calculated based on a share price of 814p, being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 24 September 2021.

 

Vesting of the Option is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2024. The performance targets are based on the Company's Earnings per Share and its Total Shareholder Return (relative to constituent companies of a bespoke comparator group) over the performance period. The targets will be disclosed in the FY21 Directors' Remuneration Report.  

 

Following the end of the three-year performance period, the Option will be subject to a two-year holding period and will be capable of exercise from the date on which the Company announces is financial results for the financial year ended 30 June 2026.

 

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

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


GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil

94,441

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable- single transaction

e)

Date of the transaction

27 September 2021

 

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


GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil

59,498

 

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

27 September 2021

 

f)

Place of the transaction

Off market

 

 

 

 

 

 

 

 

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