Morgan Sindall Group PLC Director/PDMR Shareholding

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RNS Number : 7263R

Morgan Sindall Group PLC

02 March 2023

Morgan Sindall Group plc (the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The following notification is intended to satisfy the Company's obligations under Article 19.3 of EU Regulation No 596/2014 (the Market Abuse Regulation).

 
 1.   Details of Restricted Person/person closely associated with 
       them ("PCA") 
 a)   Name                             John Morgan (Chief Executive) 
                                        Steve Crummett (Finance Director) 
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 2.   Reason for the notification 
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 a)   Position/status                  Members of the Board of directors 
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 b)   Initial notification/amendment   Initial notification 
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 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------------------- 
 a)   Name                             Morgan Sindall Group plc 
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 b)   LEI                              2138008339ULDGZRB345 
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 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 
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 a)   Description of the               Ordinary shares of 5 pence each 
       financial instrument, 
       type of instrument               ISIN: GB0008085614 
       Identification code 
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 b)   Nature of the transaction        Vesting of nil cost share options granted 
                                        on 2 March 2020 , under the Company's 
                                        Deferred Bonus Plan, adopted by the Company 
                                        on 28 November 2017. Upon vesting of the 
                                        deferred bonus plan award on 2 March 2023, 
                                        each nil cost option granted carried a 
                                        right to receive an amount linked to dividends 
                                        paid. The dividend equivalent has been 
                                        settled in Ordinary shares of the Company 
                                        and has been added to the original award 
                                        of nil cost options. 
 
                                        The share price used to determine the 
                                        number of dividend equivalent shares was 
                                        GBP 17.92 . 
 
                                        The options and dividend equivalent shares 
                                        are exercisable until the tenth anniversary 
                                        of the grant date. 
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 c)   Price(s) and volume(s)            Name              Price(s)                Volume(s) 
                                                                       Dividend equivalent shares awarded 
                                                          ----------  ----------------------------------- 
                                         John Morgan          N/a                    1,012 
                                                          ----------  ----------------------------------- 
                                         Steve Crummett       N/a                     807 
                                                          ----------  ----------------------------------- 
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 d)        Aggregated information                 As above 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------------------------------- 
 e)   Date of the transaction          2 March 2023 
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 f)   Place of the transaction         Outside a trading venue 
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March 02, 2023 11:42 ET (16:42 GMT)