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Share Name Share Symbol Market Type Share ISIN Share Description
Mj Gleeson Plc LSE:GLE London Ordinary Share GB00BRKD9Z53 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.00 -2.52% 580.00 580.00 594.00 594.00 578.00 586.00 20,650 16:29:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 249.9 41.2 61.0 9.5 337

MJ Gleeson PLC Long Term Incentive Plan Award

17/07/2020 7:00am

UK Regulatory (RNS & others)


Mj Gleeson (LSE:GLE)
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RNS Number : 2774T

MJ Gleeson PLC

17 July 2020

17 July 2020

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

Long Term Incentive Plan award to Directors/Employees

The Company announces that on 16 July 2020 Stefan Allanson, Chief Financial Officer, together with certain other key employees of the Company, exercised share options over 188,253 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan.

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 UKLA, with dealings expected to commence on or around 21 July 2020.

Subsequent to the exercise of the share options on 16 July 2020, of which Stefan Allanson exercised share options over 77,345 Ordinary Shares, the Company has been notified that Stefan Allanson agreed to sell 36,461 Ordinary Shares at a price of GBP6.80 per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the abovementioned options. Completion of this sale is expected to occur on or around 21 July 2020.

Following the completion of the exercise and the sale, Stefan Allanson's aggregate shareholding will have increased to 120,325 Ordinary Shares, representing 0.21 per cent. of the total voting rights in the Company.

Total Voting Rights

Following the completion of issue of the new Ordinary Shares to Stefan Allanson and key employees of the Company the total number of issued Ordinary Shares will be 58,255,788. The Company does not hold any Ordinary Shares in Treasury.

Therefore, from completion of the issue of the new Ordinary Shares the total number of Ordinary Shares with voting rights is 58,255,788 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: 44 1142 612 900 

Stefan Allanson Chief Financial Officer

   Leanne Johnson                                                                Company Secretary 

Instinctif Partners Tel: 44 20 7457 2020

Mark Garraway

James Gray

N+1 Singer Tel: 44 20 7496 3000

Shaun Dobson

Rachel Hayes

Liberum Tel: 44 20 3100 2222

Neil Patel

Richard Bootle

LEI: 21380064K7N2W7FD6434

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Stefan Allanson 
      ---------------------------  ---------------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status              Chief Financial Officer 
      ---------------------------  ---------------------------------------------------- 
 b)    Initial notification         Initial notification 
        /Amendment 
      ---------------------------  ---------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                         MJ Gleeson plc 
      ---------------------------  ---------------------------------------------------- 
 b)    LEI                          21380064K7N2W7FD6434 
      ---------------------------  ---------------------------------------------------- 
 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 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) 77,345 
          2) GBP6.80 
                                                                         2) 36,461 
   -------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume          n/a 
 
  - Price 
 
 e)    Date of the transaction           1. 16 July 2020 
         2. 21 July 2020 
  ------------------------------------------------------------------------------------- 
 f)    Place of the transaction          1) Off market 
                                          2) London Stock Exchange (XLON) 
      ---------------------------  ---------------------------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

END

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July 17, 2020 02:00 ET (06:00 GMT)

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