Headlam Group PLC Performance Share Plan awards (8761V)

TIDMHEAD

RNS Number : 8761V

Headlam Group PLC

11 April 2019

 
   11 April 2019 
 

Headlam Group plc

(the 'Company')

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

On 10 April 2019, the Company granted awards in the form of nil-cost options over a total of 304,260 ordinary shares of 5 pence each in the Company ('Ordinary Shares') under the Company's PSP, including to the following Executive Directors:

 
                                   Number of Ordinary Shares over 
 Executive Director                      which award granted 
 Steve Wilson (Chief Executive)                86,459 
 Chris Payne (Chief Financial 
  Officer)                                     63,707 
 

The number of Ordinary Shares over which the awards were granted was calculated based on a share price of 448.3 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 have been granted subject to performance conditions based on: (1) the Company's compound annual growth in Earnings Per Share ('EPS') over a three-year performance period starting with 2019 (as regards 80% of the Ordinary Shares subject to the award); and (2) the Company's Total Shareholder Return ('TSR') over that performance period relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) (as regards 20% of the Ordinary Shares subject to the award). The awards are subject to a further underpin performance condition that the extent of vesting reflects the overall financial performance of the Company over the three-year performance period.

The awards, which are subject to the Malus and Clawback conditions of the PSP, will ordinarily vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied (the 'Vesting Date').

The awards to the Executive Directors are further subject to an additional two-year holding period from the Vesting Date. During the holding period these shares will accrue a dividend equivalent in the form of shares, calculated on a re-investment basis.

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 / Sophie Wills / Catriona 
 Flint 
 

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                       Steve Wilson 
     -------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / 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, type 
       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         86,459 
                                             ---------- 
     -------------------------  ---------------------------------------- 
 e)   Aggregated information     N/A 
        *    Volume 
 
 
        *    Price 
     -------------------------  ---------------------------------------- 
 f)   Date of the transaction    10 April 2019 
     -------------------------  ---------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                       Chris Payne 
     -------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / 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, type 
       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         63,707 
                                             ---------- 
     -------------------------  ---------------------------------------- 
 e)   Aggregated information     N/A 
        *    Volume 
 
 
        *    Price 
     -------------------------  ---------------------------------------- 
 f)   Date of the transaction    10 April 2019 
     -------------------------  ---------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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April 11, 2019 03:00 ET (07:00 GMT)