Exercise of LTIP awards

RNS Number : 4187Q

Boot(Henry) PLC

18 June 2020

 

HENRY BOOT PLC ('the Company')

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them ("PDMRs")

Henry Boot PLC 2015 Long Term Incentive Plan

The Company announces that on 16 June 2020, and subject to the rules of the Henry Boot PLC 2015 Long Term Incentive Plan ("LTIP"), the undernoted PDMRs of the Company exercised their nil cost options over Henry Boot PLC ordinary shares of 10p each in the Company ("Shares") pursuant to the options granted by the Company on 24 April 2017 under the LTIP.

These awards were conditional upon the satisfaction of performance conditions over the three financial years ending 31 December 2019, and following publication of the Annual Results for 2019, these performance share awards have vested as follows for the below PDMRs. No consideration was payable on the vesting of these awards.

PDMR	Number of Shares Vested
Darren Louis Littlewood	48,320
David Giles Boot	20,466
Simon Alexander Carr	27,370
Nicholas Joseph Duckworth	30,820
Edward James Hutchinson	7,594

Further to the vesting of the LTIP awards, and in accordance with the rules of the LTIP, the above shares have been transferred to the PDMRs by the trustee of the Company's Employee Benefit Trust.  Following this transfer, instructions have been given to sell a proportion of the above Shares primarily in order to account for the tax and national insurance liabilities arising on the vesting of the LTIP awards. The number of shares instructed to be sold on behalf of each PDMR are set out below:

PDMR	Number of Shares Instructed to be Sold
Darren Louis Littlewood	22,801
David Giles Boot	0
Simon Alexander Carr	12,910
Nicholas Joseph Duckworth	14,537
Edward James Hutchinson	3,582

The information contained in the following notifications are disclosed in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Darren Louis Littlewood
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Henry Boot PLC
b)	LEI	213800H5873O9TC3XT22
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 10p each GB0001110096
b)	Nature of the transaction	Exercise of nil-cost options over ordinary shares under the 2015 LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s)   Nil  25,519 - Number of LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Giles Boot
2	Reason for the notification
a)	Position/status	PDMR of the Company
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Henry Boot PLC
b)	LEI	213800H5873O9TC3XT22
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 10p each GB0001110096
b)	Nature of the transaction	Exercise of nil-cost options over ordinary shares under the 2015 LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s)   Nil  20 ,466
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Alexander Carr
2	Reason for the notification
a)	Position/status	PDMR of the Company
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Henry Boot PLC
b)	LEI	213800H5873O9TC3XT22
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 10p each GB0001110096
b)	Nature of the transaction	Exercise of nil-cost options over ordinary shares under the 2015 LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s)   Nil 14,460 - Number of LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nicholas Joseph Duckworth
2	Reason for the notification
a)	Position/status	PDMR of the Company
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Henry Boot PLC
b)	LEI	213800H5873O9TC3XT22
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 10p each GB0001110096
b)	Nature of the transaction	Exercise of nil-cost options over ordinary shares under the 2015 LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s)   Nil 16,283 - Number of LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 June 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Edward James Hutchinson
2	Reason for the notification
a)	Position/status	PDMR of the Company
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Henry Boot PLC
b)	LEI	213800H5873O9TC3XT22
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 10p each GB0001110096
b)	Nature of the transaction	Exercise of nil-cost options over ordinary shares under the 2015 LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s)   Nil 4,012 - Number of LTIP Shares acquired after reduction for appropriate tax and national insurance liabilities.
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 June 2020
f)	Place of the transaction	Outside a trading venue

Enquiries to:

Amy Stanbridge

Company Secretary

Henry Boot PLC

Tel.: [phone]

 

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