Morgan Sindall Group PLC Director/PDMR Shareholding

TIDMMGNS

RNS Number : 8674R

Morgan Sindall Group PLC

03 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) 
     -------------------------------  --------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                  Members of the Board of directors 
     -------------------------------  --------------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                             Morgan Sindall Group plc 
     -------------------------------  --------------------------------------------- 
 b)   LEI                              2138008339ULDGZRB345 
     -------------------------------  --------------------------------------------- 
 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 5 pence each 
       financial instrument, 
       type of instrument               ISIN: GB0008085614 
       Identification code 
     -------------------------------  --------------------------------------------- 
 b)   Nature of the transaction        Grant of nil cost share options on 3 March 
                                        2023, under the Company's Deferred Bonus 
                                        Plan, adopted by the Company on 28 November 
                                        2017. The nil cost options granted are 
                                        equivalent to 30% of the annual bonus 
                                        earned for the year ended 31 December 
                                        2022. Each nil cost option will mature 
                                        and become exercisable from 3 March 2026. 
                                        The share price used to determine the 
                                        number of nil cost options is GBP 17.88 
                                        . Each nil cost option carries a right 
                                        to receive, on maturity, an amount linked 
                                        to dividends paid on the Ordinary Shares 
                                        subject to the conditional award. The 
                                        dividend equivalent can be settled in 
                                        cash or Ordinary shares of the Company. 
     -------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)            Name              Price(s)    Volume(s) 
                                         John Morgan          N/A       11,811 
                                                          ----------  ---------- 
                                         Steve Crummett       N/A        9,420 
                                                          ----------  ---------- 
     -------------------------------  --------------------------------------------- 
 d)        Aggregated information                 As above 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  --------------------------------------------- 
 e)   Date of the transaction          3 March 2023 
     -------------------------------  --------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------------- 
 

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March 03, 2023 06:57 ET (11:57 GMT)