Headlam Group PLC Grant of awards under the Company's PSP (4477E)

TIDMHEAD

RNS Number : 4477E

Headlam Group PLC

29 June 2023

29 June 2023

Headlam Group plc

(the 'Company')

Grant of awards under the Company's Performance Share Plan ('PSP')

On 29 June 2023, the Company granted awards in the form of nil-cost options over a total of 775,782 ordinary shares in the Company under the Company's PSP, including 404,812 to the following Executive Directors and Persons Discharging Managerial Responsibility ('PDMR'):

 
 Executive Director/    Position                   Number of ordinary 
  PDMR                                              shares over which 
                                                    PSP awards granted 
 Chris Payne            Chief Executive                  277,669 
 Adam Phillips          Chief Financial Officer          127,143 
 

As detailed on page 162 of the 2022 Annual Report and Accounts, the PSP awards vest dependent on the achievement of performance conditions against the following measures:

   -     underlying Earnings Per Share performance (70%) 
   -     relative Total Shareholder Return (20%); and 
   -     reduction in greenhouse gas emissions (10%). 

The performance conditions will be measured over a three-year performance period.

The Company's Remuneration Committee will have full discretion to ensure that the final outcome is warranted based on the performance of the Company in the light of all relevant factors to ensure there have been no windfall gains.

PSP awards granted to Executive Directors are additionally subject to a two-year holding period following the date of vesting during which a dividend equivalent will accrue in the form of additional shares to the extent the awards vest, as calculated on a re-investment basis.

The number of ordinary shares over which the PSP awards were granted was based on a share price of 256.60 pence per ordinary share, being the average mid-market closing share price for the five business days prior to the grant date, as derived from the London Stock Exchange daily official list.

The awards, which are also subject to the Malus and Clawback conditions of the PSP, will ordinarily vest on the latest of three years following the date of grant or the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied.

Enquiries:

 
 Headlam Group plc                        Tel: [phone] 
 Chris Payne, Chief Executive             Email: [e-mail] 
 Adam Phillips, Chief Financial 
  Officer 
 Catherine Miles, Director of IR 
  and ESG 
 Panmure Gordon (UK) Limited (Corporate   Tel: [phone] 
  Broker) 
 Tom Scrivens / Atholl Tweedie 
 Peel Hunt LLP (Corporate Broker)         Tel: [phone] 
 George Sellar / John Welch 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                       Chris Payne 
     -------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Positio n / status         Chief Executive 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------- 
 3.   Details of the issuer 
     ------------------------------------------------------------------- 
 a)   Name                       Headlam Group plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800I4AZZUJEYX9O90 
     -------------------------  ---------------------------------------- 
 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             Ordinary shares of GBP0.05 each 
       the financial 
       instrument, t 
       ype of instrument 
     -------------------------  ---------------------------------------- 
 b)   Identification             ISIN: GB0004170089 
       code 
     -------------------------  ---------------------------------------- 
 c)   Nature of the              Grant of nil-cost options over ordinary 
       transaction                shares under the Company's Performance 
                                  Share Plan 
     -------------------------  ---------------------------------------- 
 d)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                  N/A         277,669 
                                             ---------- 
     -------------------------  ---------------------------------------- 
 e)   Aggregated information     N/A 
        *    Volume 
 
 
        *    Price 
     -------------------------  ---------------------------------------- 
 f)   Date of the transaction    29 June 2023 
     -------------------------  ---------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                       Adam Phillips 
     -------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Positio n / status         Chief Financial Officer 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------- 
 3.   Details of the issuer 
     ------------------------------------------------------------------- 
 a)   Name                       Headlam Group plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800I4AZZUJEYX9O90 
     -------------------------  ---------------------------------------- 
 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             Ordinary shares of GBP0.05 each 
       the financial 
       instrument, t 
       ype of instrument 
     -------------------------  ---------------------------------------- 
 b)   Identification             ISIN: GB0004170089 
       code 
     -------------------------  ---------------------------------------- 
 c)   Nature of the              Grant of nil-cost options over ordinary 
       transaction                shares under the Company's Performance 
                                  Share Plan 
     -------------------------  ---------------------------------------- 
 d)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                  N/A         127,143 
                                             ---------- 
     -------------------------  ---------------------------------------- 
 e)   Aggregated information     N/A 
        *    Volume 
 
 
        *    Price 
     -------------------------  ---------------------------------------- 
 f)   Date of the transaction    29 June 2023 
     -------------------------  ---------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------- 
 

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June 29, 2023 12:14 ET (16:14 GMT)