Exercise of share options and TVR

RNS Number : 3338U

Headlam Group PLC

11 July 2018

 

 11 July 2018

Headlam Group plc

("Headlam" or the "Company")

Exercise of share options / Transfer of treasury shares

Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, announces that, on 11 July 2018, share options granted under the Headlam Group 2015 Savings Related Share Option Scheme, were exercised at an option price of £3.40 per share, by certain employees of the Company.

A total of 18,688 ordinary shares have been transferred from treasury stock for the purpose of satisfying the exercise of the share options.

Following the above transfer of treasury stock, the Company holds 817,703 ordinary shares as treasury shares. 

The total number of ordinary shares in issue (excluding shares held as treasury shares) is 84,546,040, with one voting right per share.  Therefore, the total number of voting rights in the Company is 84,546,040.

The above figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Headlam Group plc		Tel: [phone]
Steve Wilson, Chief Executive
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 65 wholly-owned businesses in the UK and Continental Europe (UK 61, 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

 

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