Employee SAYE scheme & Director/PDMR shareholding

RNS Number : 0684N

Headlam Group PLC

03 May 2018

 

3 May 2018

Headlam Group plc

('Headlam' or the 'Company')

Employee SAYE scheme and Director/PDMR shareholding

Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, announces that the Company was notified on 3 May 2018 of the following share option grant to a Director of the Company under the Company's HMRC approved Save as You Earn ('SAYE') scheme. 

Under the 2018 SAYE scheme, certain employees of the Company have chosen to participate resulting in them today being granted options to subscribe for in aggregate 679,269 ordinary shares of 5 pence each in the capital of the Company ('SAYE Options'). The SAYE Options have an exercise price, calculated in accordance with the rules of the SAYE scheme, of 353.464p per SAYE Option.

Pursuant to the 2018 SAYE scheme, open to all eligible employees as defined by the scheme, Chris Payne, Chief Financial Officer of the Company, elected to participate and has received 5,084 SAYE Options.

Enquiries:

Headlam Group plc		Tel: [phone]
Steve Wilson, Chief Executive Catherine Miles, Director of Communications
Investec Bank plc (Corporate Broker)		Tel: [phone]
Garry Levin / David Flin / Alex Wright
Buchanan (Financial PR and IR)		Tel: [phone]
Mark Court / Sophie Wills / Catriona Flint

Notes for Editors:

Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.

Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.

The Company is engaged with suppliers across 16 primary countries whose products cover a significant proportion of the floorcoverings market including carpet, residential vinyl, engineered wood, laminate, luxury vinyl tiles, ceramic tiles, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.

The Company comprises 64 wholly-owned businesses in the UK and Continental Europe (UK 60, Continental Europe 4) each operating under their own trade brand and utilising their individual sales team which achieves greater market penetration.

Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.

www.headlam.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Chris Payne
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Headlam Group plc
b)	LEI	213800I4AZZUJEYX9O90
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	Ordinary shares of £0.05 each.
b)	Identification code	ISIN: GB0004170089
c)	Nature of the transaction	Grant of options to acquire ordinary shares under the Company's SAYE scheme. Subject to the rules of the SAYE scheme, the option will be exercisable in 2021.
d)	Price(s) and volume(s)	Price(s) Volume(s) 353.464p 5,084
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	3 May 2018
g)	Place of the transaction	Outside a trading venue

 

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