Howden Joinery Group PLC Director/PDMR Shareholding (5712L)

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RNS Number : 5712L

Howden Joinery Group PLC

06 September 2019

6 September 2019

HOWDEN JOINERY GROUP PLC

(the "Company")

NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Grants under Howdens Long Term Incentive Plan ("LTIP")

The Company announces that on 5 September 2019 it granted the following restricted share awards ("Awards") over ordinary shares ("Shares") of the Company to Mark Slater, Commercial Director and a Person Discharging Managerial Responsibilities ("PDMR"), under the Company's LTIP.

 
    Shares granted    Date of Vest 
  under each Award 
                    -------------- 
            38,241   31 March 2020 
------------------  -------------- 
             8,144   31 March 2020 
------------------  -------------- 
            34,202   31 March 2021 
------------------  -------------- 
             7,170   31 March 2021 
------------------  -------------- 
             9,924   31 March 2021 
------------------  -------------- 
            13,646   31 March 2022 
------------------  -------------- 
 

Mr Slater joined the Company on 3 June 2019 and upon leaving his previous employment forfeited a number of share awards ("Previous Awards"), including performance based awards and awards of restricted shares not subject to performance conditions. Although Mr Slater is not an executive director of the Company, the Previous Awards have nevertheless been replaced with awards of forfeitable shares in line with the approved executive director remuneration policy, with equivalent remaining periods to release of the awards foregone and equivalent expected value.

The Notification of Dealing Form for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 NOTIFICATION OF DEALING FORM 
--------------------------------------------------------------------------------------------- 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------------------------------- 
 a)   Name                                       Mark Slater 
---  -----------------------------------------  --------------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------------------------------- 
 a)   Position/status                            PDMR 
---  -----------------------------------------  --------------------------------------------- 
 b)   Initial notification/                      Initial notification 
       Amendment 
---  -----------------------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ---------------------------------------------------------------------------------------- 
 a)   Name                                       Howden Joinery Group plc 
---  -----------------------------------------  --------------------------------------------- 
 b)   LEI                                        213800KC1LJOJTY3JP45 
---  -----------------------------------------  --------------------------------------------- 
 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 
---  ---------------------------------------------------------------------------------------- 
       Nature of transaction   Award of forfeitable ordinary shares under the 
                                 rules of the Howdens Long Term Incentive Plan 
 
        Description/type        Identification   Date of transaction   Place of transaction 
         of Financial            code 
         Instrument 
       ----------------------  ---------------  --------------------  --------------------- 
        Ordinary shares         GB0005576813              2019-09-05   Outside a trading 
         of 10 pence                                                    venue 
         each 
       ----------------------  ---------------  --------------------  --------------------- 
 
        Individual                    Price(s)             Volume(s)                  Total 
         transactions 
       ----------------------  ---------------  --------------------  --------------------- 
                                       GBP nil                38,241                    n/a 
       ----------------------  ---------------  --------------------  --------------------- 
                                       GBP nil                 8,144                    n/a 
                               ---------------  --------------------  --------------------- 
                                       GBP nil                34,202                    n/a 
                               ---------------  --------------------  --------------------- 
                                       GBP nil                 7,170                    n/a 
                               ---------------  --------------------  --------------------- 
                                       GBP nil                 9,924                    n/a 
                               ---------------  --------------------  --------------------- 
                                       GBP nil                13,646                    n/a 
       ----------------------  ---------------  --------------------  --------------------- 
        Aggregated                    Price(s)     Aggregated Volume                  Total 
         information 
                               ---------------  --------------------  --------------------- 
                                       GBP nil               111,327                    n/a 
---  ---------------------------------------------------------------------------------------- 
 

Enquiries

   Forbes McNaughton, Company Secretary:                      020 7535 1137 

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.

END

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September 06, 2019 12:12 ET (16:12 GMT)