Headlam Group PLC Option exercise and Transfer of treasury shares (4411R)

TIDMHEAD

RNS Number : 4411R

Headlam Group PLC

29 October 2019

29 October 2019

Headlam Group plc

('Headlam' or the 'Company')

Exercise of share options / Transfer of treasury shares

Headlam Group plc (LSE: HEAD), Europe's leading floorcoverings distributor, announces that, on 28 October 2019, share options granted under the 2016 and 2018 grants of the Headlam Group Save-As-You-Earn ('SAYE') share option scheme were exercised at the option prices of GBP4.002 and GBP3.54 per share respectively by certain employees of the Company.

A total of 2,309 ordinary shares have been transferred from treasury stock for the purpose of satisfying the exercise of the share options.

Following the above transfer of treasury stock, the Company holds 563,418 ordinary shares as treasury shares.

The total number of ordinary shares in issue (excluding shares held as treasury shares) is 84,800,325 with one voting right per share. Therefore, the total number of voting rights in the Company is 84,800,325.

The above figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
Headlam Group plc                              Tel: [phone] 
Steve Wilson, Chief Executive                  Email: [e-mail] 
 Chris Payne, Chief Financial Officer 
 Catherine Miles, Director of Communications 
Investec Bank plc (Corporate Broker)           Tel: [phone] 
David Flin / Alex Wright 
Panmure Gordon (UK) Limited (Corporate         Tel: [phone] 
 Broker) 
Erik Anderson / Dominic Morley 
 / Ailsa Macmaster 
Buchanan (Financial PR and IR)                 Tel: [phone] 
Mark Court / Toto Berger 
 

Notes for Editors:

Operating for 27 years and employing over 2,600 people, Headlam is Europe's leading floorcoverings distributor.

Headlam provides the distribution channel between suppliers and trade customers of floorcoverings. Working in partnership with suppliers from 22 countries manufacturing a diverse range of floorcovering products and ancillary accessories, Headlam provides an unparalleled route to market for their products across the UK and certain Continental European territories.

The utilisation of an outsourced distribution channel enables manufacturers to focus on their core activities, incur reduced costs associated with distribution, and benefit from localised sales, marketing and distribution expertise that provides a more effective and greater route to market for their products.

To maximize customer and market penetration, Headlam comprises 66 individual businesses in the UK and Continental Europe (France, the Netherlands and Switzerland) each operating under their own unique trade brand and utilising individual sales teams.

Headlam's extensive customer base, operating within both the residential and commercial sectors and comprising principally independent retailers and flooring contractors, receives the broadest product offering supported by next day delivery as well as additional marketing and other support.

Headlam's offering is enabled through its unrivalled operating expertise, long-established supplier and customer relationships, and comprehensive distribution network. Following years of considerable investment, Headlam's distribution network currently comprises four national distribution hubs, 19 regional distribution centres and a supporting network of smaller warehouse premises, trade counters, showrooms and specification centres.

In 2018, Headlam worked with 199 suppliers and fulfilled over 5.3 million customer orders.

www.headlam.com

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October 29, 2019 03:37 ET (07:37 GMT)