Option Exercise and Transfer of Treasury Shares

RNS Number : 9634R

Headlam Group PLC

10 November 2021

 

10 November 2021

Headlam Group plc

('Headlam' or the 'Company')

Exercise of share options / Transfer of treasury shares

Headlam Group plc (LSE: HEAD), Europe's leading distributor of floorcoverings, announces that, on 9 November 2021, share options granted under the 2018 grant of the Headlam Group Sharesave Scheme ('SAYE'), were exercised at the option price of £3.54 per share, by certain employees of the Company.

A total of 6,914 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 349,016 ordinary shares as treasury shares.

The total number of ordinary shares in issue (excluding shares held as treasury shares) is 85,290,193 with one voting right per share. Therefore, the total number of voting rights in the Company is 85,290,193.

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 Chris Payne, Interim Chief Executive Catherine Miles, Director of IR and ESG	Tel: [phone] Email:  [e-mail]
Investec Bank plc  (Corporate Broker) David Flin / Alex Wright	Tel: [phone]
Panmure Gordon (UK) Limited  (Corporate Broker) Erik Anderson / Edward Walsh / Ailsa MacMaster	Tel: [phone]
Alma PR  (Financial PR) Susie Hudson / Harriet Jackson / Faye Calow	Tel: [phone] [e-mail]

Notes for Editors:

Headlam is Europe's leading floorcoverings distributor, providing the channel between suppliers and trade customers of floorcoverings.

Headlam works with suppliers across the globe manufacturing a diverse range of floorcovering products, and provides them with a cost efficient and effective route to market for their products into the highly fragmented customer base. Alongside long-established processing and distribution expertise, suppliers benefit from Headlam's marketing and customer servicing into the most extensive customer base.

To maximise customer reach, Headlam operates 66 businesses across the UK and Continental Europe (France and the Netherlands). Each business operates under its own trade brand and utilises individual sales teams while being supported by the Company's network and centralised resources.

The Company's customer base covers both the residential and commercial sectors, with the principal customer groups being independent retailers and smaller flooring contractors alongside other groups such as larger retailers, housebuilders, specifiers, and local authorities.

Headlam is focused on providing customers with a market-leading service through:

· the broadest product offering;

· unrivalled product knowledge and tailored solutions;

· sales team and marketing support;

· e-commerce support; and

· nationwide delivery and collection service.

www.headlam.com

 

END

 

 

POSFLFFLLTLILIL