MJ Gleeson PLC Exercise of Options & PDMR Dealing (8844N)

TIDMGLE

RNS Number : 8844N

MJ Gleeson PLC

27 September 2023

27 September 2023

MJ Gleeson plc ("Gleeson" or the "Company")

Exercise of Options and PDMR Dealing

The Company announces that on 25 September 2023, certain employees exercised share options over 39,613 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan, including Mark Knight, Chief Executive of Gleeson Homes and Leanne Johnson, Head of Legal and Company Secretary, both PDMRs, who, in aggregate, exercised share options over 22,695 Ordinary Shares.

Application has been made for the admission to trading of the new Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, on the Main Market of the London Stock Exchange and to listing on the Official List of the FCA, with dealings expected to commence on or around 2(nd) October 2023.

Subsequent to the exercise of the share options, on 25 September 2023 Mark Knight has, sold 10,018 Ordinary Shares and Leanne Johnson has sold 618 Ordinary Shares at an average price of 425p pence (GBP4.25) per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the abovementioned options.

Following the completion of the exercise and the sale, the aggregate shareholdings of Mark Knight and Leanne Johnson will be:

 
 Name              Aggregate shareholding   Percentage of total 
                    (Ordinary Shares)        voting rights 
 Mark Knight       67,438                   0.116 
                  -----------------------  -------------------- 
 Leanne Johnson    2,426                    0.004 
                  -----------------------  -------------------- 
 

Total Voting Rights

Following the completion of the issue of the new Ordinary Shares, the total number of issued Ordinary Shares will be 58,381,973. The Company does not hold any Ordinary Shares in Treasury.

Therefore, from completion of the issue of new Ordinary Shares the total number of Ordinary Shares with voting rights is 58,381,973 which 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 in their interest in, the share capital of the Company under the FCA's DTR.

Enquiries:

   MJ Gleeson plc                                                       Tel: [phone] 
   Leanne Johnson                                                       Company Secretary 
   Stefan Allanson                                                        Chief Financial Officer 
   Singer Capital Markets                                                     Tel: [phone] 

Shaun Dobson

James Moat

LEI: 21380064K7N2W7FD6434

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                         Mark Knight 
      ---------------------------  -------------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------- 
 a)    Position/status              Chief Executive, Gleeson Homes 
      ---------------------------  -------------------------------------------------- 
 b)    Initial notification         Initial notification 
        /Amendment 
      ---------------------------  -------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                         MJ Gleeson plc 
      ---------------------------  -------------------------------------------------- 
 b)    LEI                          21380064K7N2W7FD6434 
      ---------------------------  -------------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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           Ordinary shares of 2 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code          ISIN: GB00BRKD9Z53 
 
 b)    Nature of the transaction         1) Exercise of Options into Shares 
                                          2) Sale of Ordinary Shares 
      ---------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                        -----------------------  ---------------- 
                                         Price(s)                 Volume(s) 
                                        -----------------------  ---------------- 
                                              1) Nil (exercise 
                                               of options)             1) 21,252 
          2) 425 pence 
                                                                        2) 10,018 
   ------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume          n/a 
 
  - Price 
 
 e)    Date of the transaction      25 September 2023 
      ---------------------------  -------------------------------------------------- 
 f)    Place of the transaction          1) Off market 
                                          2) London Stock Exchange (XLON) 
      ---------------------------  -------------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                         Leanne Johnson 
      ---------------------------  ------------------------------------------------ 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------- 
 a)    Position/status              Head of Legal and Company Secretary 
      ---------------------------  ------------------------------------------------ 
 b)    Initial notification         Initial notification 
        /Amendment 
      ---------------------------  ------------------------------------------------ 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                         MJ Gleeson plc 
      ---------------------------  ------------------------------------------------ 
 b)    LEI                          21380064K7N2W7FD6434 
      ---------------------------  ------------------------------------------------ 
       Details of the transaction(s): section to be repeated 
  4     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           Ordinary shares of 2 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code          ISIN: GB00BRKD9Z53 
 
 b)    Nature of the transaction         1) Exercise of Options into Shares 
                                          2) Sale of Ordinary Shares 
      ---------------------------  ------------------------------------------------ 
 c)    Price(s) and volume(s) 
                                        -----------------------  -------------- 
                                         Price(s)                 Volume(s) 
                                        -----------------------  -------------- 
                                              1) Nil (exercise 
                                               of options)             1) 1,443 
          2) 425 pence 
                                                                        2) 618 
   ------------------------------------------------------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume          n/a 
 
  - Price 
 
 e)    Date of the transaction      25 September 2023 
      ---------------------------  ------------------------------------------------ 
 f)    Place of the transaction          3) Off market 
                                          4) London Stock Exchange (XLON) 
      ---------------------------  ------------------------------------------------ 
 

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September 27, 2023 11:17 ET (15:17 GMT)