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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Morgan Sindall Group Plc | LSE:MGNS | London | Ordinary Share | GB0008085614 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-35.00 | -1.53% | 2,255.00 | 2,245.00 | 2,260.00 | 2,370.00 | 2,215.00 | 2,370.00 | 308,987 | 16:35:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gen Contractor-nonres Bldgs | 4.12B | 117.7M | 2.4853 | 9.03 | 1.06B |
TIDMMGNS
RNS Number : 8492F
Morgan Sindall Group PLC
22 May 2017
Morgan Sindall Group plc
('the Company')
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
2014 Long Term Incentive Plan (the 'Plan')
On 19 May 2017, the performance share awards granted to the executive directors on 19 May 2014 under the Plan vested following partial achievement of the performance conditions at 62.06%. The remainder of the award which has not vested has now lapsed. The PDMR's named below have each received shares in satisfaction of the award. These shares include additional shares representing the dividend equivalent to which they are entitled under the Plan rules. These shares were satisfied from market purchased shares held in the Morgan Sindall Employee Benefit Trust.
Both John Morgan and Steve Crummett disposed of sufficient of the vested shares to fund the tax and national insurance contribution (PAYE) payable in respect of them.
Number Number of of shares Number performance 62.06% of Number Total disposed Total number of shares performance of dividend number to satisfy of shares performance Name of awarded share awards equivalent of shares the PAYE transferred share awards Director 19 May 2014 vesting shares vested payable to the PDMR lapsed -------------- ------------- -------------- ------------- ----------- ------------ -------------- ------------- John Morgan 55,687 34,560 2,642 37,202 17,485 19,717 21,127 -------------- ------------- -------------- ------------- ----------- ------------ -------------- ------------- Steve Crummett 41,956 26,038 1,991 28,029 13,174 14,855 15,918 -------------- ------------- -------------- ------------- ----------- ------------ -------------- -------------
The closing mid-market price of a share on 19 May 2017 was GBP11.90 and the shares disposed to fund the PAYE payable were sold to the Morgan Sindall Employee Benefit Trust at that price.
Interests of Directors and PDMRs
As a result of the above transactions, the PDMRs hold the following interests (all of which are beneficial) in the share capital of the Company:
Total number Total number % issued share of shares over of conditional Beneficial interest capital of which options share awards Name of Director in shares the Company are held held -------------------- -------------------- ----------------- ---------------- ---------------- John Morgan 4,524,069 10.12 106,364 264,943 -------------------- -------------------- ----------------- ---------------- ---------------- Steve Crummett 29,470 0.07 - 206,921 -------------------- -------------------- ----------------- ---------------- ----------------
The following disclosures are made in accordance with Article 19 of the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated --- --------------------------------------------------------------------------------------- a) Name John Morgan --- -------------------------------- ----------------------------------------------------- 2 Reason for the notification --- --------------------------------------------------------------------------------------- a) Position/status Executive Director/PDMR --- -------------------------------- ----------------------------------------------------- b) Initial notification /Amendment Initial notification --- -------------------------------- ----------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- --------------------------------------------------------------------------------------- a) Name Morgan Sindall Group plc --- -------------------------------- ----------------------------------------------------- b) LEI 2138008339ULDGZRB345 --- -------------------------------- ----------------------------------------------------- 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 Ordinary shares of 5 pence each instrument, type of instrument Identification code ISIN: GB0008085614 --- -------------------------------- ----------------------------------------------------- b) Nature of the transaction Vesting of conditional share awards under the Morgan Sindall Group 2014 Long Term Incentive Plan: - 37,202 shares acquired at nil cost * 17,485 shares sold to satisfy PAYE payable at GBP11.90 per share --- -------------------------------- ----------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) -------------------- ---------- Shares: Acquired GBP0.00 37,202 Sold GBP11.90 17,485 -------------------- ---------- --- -------------------------------- ----------------------------------------------------- d) Aggregated information As above - Aggregated volume - Price --- -------------------------------- ----------------------------------------------------- e) Date of the transaction 19 May 2017 --- -------------------------------- ----------------------------------------------------- f) Place of the transaction Outside a trading venue --- -------------------------------- ----------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- ------------------------------------------------------------------------- a) Name Steve Crummett --- -------------------------------- --------------------------------------- 2 Reason for the notification --- ------------------------------------------------------------------------- a) Position/status Executive Director/PDMR --- -------------------------------- --------------------------------------- b) Initial notification /Amendment Initial notification --- -------------------------------- --------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ------------------------------------------------------------------------- a) Name Morgan Sindall Group plc --- -------------------------------- --------------------------------------- b) LEI 2138008339ULDGZRB345 --- -------------------------------- --------------------------------------- 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 Ordinary shares of 5 pence each instrument, type of instrument Identification code ISIN: GB0008085614 --- -------------------------------- --------------------------------------- b) Nature of the transaction Vesting of conditional share awards under the Morgan Sindall Group 2014 Long Term Incentive Plan: - 28,029 shares acquired at nil cost - 13,174 shares sold to satisfy PAYE payable at GBP11.90 per share --- -------------------------------- --------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) -------------------- ---------- Shares: Acquired GBP0.00 28,029 Sold GBP11.90 13,174 -------------------- ---------- --- -------------------------------- --------------------------------------- d) Aggregated information As above - Aggregated volume - Price --- -------------------------------- --------------------------------------- e) Date of the transaction 19 May 2017
--- -------------------------------- --------------------------------------- f) Place of the transaction Outside a trading venue --- -------------------------------- ---------------------------------------
Enquiries:
Clare Sheridan Tel: 020 7307 9200
Company Secretary
22 May 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFSLEIIFFID
(END) Dow Jones Newswires
May 22, 2017 07:44 ET (11:44 GMT)
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