Director/PDMR Shareholding

RNS Number : 3961O

Galliford Try PLC

01 October 2019

 

Galliford Try plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

Galliford Try plc (the "Company") notifies that the following conditional awards, previously granted under the Galliford Try plc 2016 Long Term Incentive Plan ("LTIP"), over ordinary shares of 50 pence in the Company were released on 1 October 2019 to the persons discharging managerial responsibilities ("PDMR") detailed below:

PDMR	No. of ordinary shares under the award	Date of grant of the award
K Corbett	3,263	16 November 2016
A Hammond	3,666	16 November 2016
B Hocking	4,619	16 November 2016
S Teagle	3,915	16 November 2016

The conditional LTIP award granted to Graham Prothero on 16 November 2016 will vest on the third anniversary of grant on 16 November 2019.

On 1 October 2019, the following PDMRs' ordinary shares were sold at £6.695 per share to meet tax withholding liabilities associated with the vesting of the aforementioned awards:

PDMR	No. of  ordinary shares sold
K Corbett	1,534
A Hammond	1,724
B Hocking	2,171
S Teagle	1,841

The information below (set out in accordance with the requirements of the EU Market Abuse Regulation) provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Corbett
2	Reason for Notification
a)	Position/status	General Counsel and Company Secretary / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 3,263
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Hammond
2	Reason for Notification
a)	Position/status	Chief Executive, Linden Homes / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 3,666
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bill Hocking
2	Reason for Notification
a)	Position/status	Chief Executive, Construction & Investments / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 4,619
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Teagle
2	Reason for Notification
a)	Position/status	Chief Executive, Partnerships and Regeneration / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 3,915
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Corbett
2	Reason for Notification
a)	Position/status	General Counsel and Company Secretary / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.695 1,534
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Hammond
2	Reason for Notification
a)	Position/status	Chief Executive, Linden Homes / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.695 1,724
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bill Hocking
2	Reason for Notification
a)	Position/status	Chief Executive, Construction & Investments / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.695 2,171
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Teagle
2	Reason for Notification
a)	Position/status	Chief Executive, Partnerships and Regeneration / PDMR
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Galliford Try plc
b)	LEI	213800OOHUV3HHP46A02
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 financial instrument, type of instrument Identification code	Ordinary Shares of 50 pence each in Galliford Try plc GB00B3Y2J508
b)	Nature of the transaction	Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.695 1,841
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	1 October 2019
f)	Place of the transaction	London Stock Exchange (XLON)

For further enquiries:

Galliford Try plc	Kevin Corbett, Company Secretary	01895 855001
	Clara Melia, Investor Relations	07748 171 236
Tulchan Communications	James Macey White	0207 353 4200
	Martin Pengelley
	Matt Low

Notes to Editors

Galliford Try plc is a leading UK housebuilding, regeneration and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250.  Housebuilding - through our Linden Homes business - develops private and affordable homes in prime locations. Galliford Try Partnerships - our regeneration business - delivers mixed-tenure solutions working with housing association, local authority and private sector partners.  Operating as Galliford Try and Morrison Construction, our Construction business carries out building and infrastructure with clients in the public, private and regulated sectors. At the end of the last financial year to 30 June 2019, the Group generated revenue of £2.8 billion.

 

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