Director/PDMR Shareholding

RNS Number : 4773H

Hill & Smith Hldgs PLC

12 March 2018

Hill & Smith Holdings PLC ('Hill & Smith' or 'the Company')

Director and PDMR Shareholdings

12 March 2018

Notification under paragraphs 3.1.2R to 3.1.4R of the Disclosure and Transparency Rules

Hill & Smith 2014 Long-Term Incentive Plan

LTIP Vesting - 2015 Award

Hill & Smith announces that the Remuneration Committee (the 'Committee') has approved the vesting of 100% of the awards that were made on 17 March 2015 to the below Directors and persons discharging managerial responsibilities in accordance with the rules of the Hill & Smith Holdings PLC 2014 Long-term Incentive Plan (the 'LTIP').

For awards made under the LTIP the Committee, in making such option awards, and using its discretion, specified that subject to the rules of the LTIP the Company would procure the transfer to Mr D W Muir and Mr M Pegler such additional number of award shares as could have been acquired by the reinvestment of dividends paid on the original award shares. Such additional award shares vest in the same proportion as the original award shares. The maximum number of shares to be awarded in this way is to be determined on the basis that each such dividend was reinvested on the date of payment of that dividend at a price per share equal to the market value of a share on that day.

The number of shares vested is net of the tax and national insurance liability payable by the individual. The individual forfeited an equivalent number of shares in order for the company to meet this liability.

The participants are not required to make any payment for the vesting shares which vest on achievement of specified performance targets of growth in underlying earnings per share and relative total shareholder return.

Total Award Shares

vested

Mr D W Muir

41,329

Mr M Pegler

26,444

Hill & Smith 2014 Long-Term Incentive Plan

LTIP Award - 12 March 2018

On 12 March 2016 the Remuneration Committee of the Company approved the grant of awards in the form of nil-cost options over ordinary shares in the Company in accordance with the provisions of the Hill & Smith Holdings 2014 Long Term Incentive Plan (the "LTIP").

Mr D W Muir has been granted a nil-cost option over 47,690 ordinary shares and Mr M Pegler has been granted a nil-cost option over 33,387 ordinary shares.

The awards were based on a share price of 1331.00p, being the average of the mid-market prices for the three trading days prior to the grant date of 12 March 2018.

Under the rules of the LTIP and the Company's Remuneration Policy, the vesting of the Awards is subject to the achievement of set performance conditions which are based upon the growth in the Company's underlying earnings per share and its total shareholder return, over the three year period commencing on 1 January 2018 (the "Vesting Period"). The awards will (subject to the achievement of the performance conditions) vest following the end of the Vesting Period.

Following these events Mr Muir and Mr Pegler have the following interests in the Company's shares:

Individual	Number of shares in which there is a beneficial interest	Total number of shares awarded or subject to options under the LTIP	Total number of shares awarded or subject to options under the ESOS and SAYE Schemes
Mr D W Muir	335,286	149,924	8,844
Mr M Pegler	78,573	101,601	6,506

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	i. Mr D W Muir ii. Mr M Pegler
2.	Reason for the notification
(a)	Position/status	i. Chief Executive Officer ii. Group Finance Director
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Hill & Smith Holdings PLC
(b)	LEI	2138003A3ISGQZBOWI83
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	Ordinary shares of £0.25 each
(b)	Identification code of the Financial Instrument	GB0004270301
(c)	Nature of the transaction	Grant of awards
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		i. Nil ii. Nil	i. 47,690 ii. 33,387
(e)	Aggregated information - Aggregated volume - Price	81,077 shares Nil Cost
(f)	Date of the transaction	12 March 2018
(g)	Place of the transaction	London Stock Exchange