Director/PDMR Shareholding

RNS Number : 2029I

Howden Joinery Group PLC

31 March 2020

 

HOWDEN JOINERY GROUP PLC

(the "Company")

NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The Company announces that the Performance Share Plan ("PSP") award granted to certain Persons Discharging Managerial Responsibilities ("PDMR") under the Company's Long-Term Incentive Plan ("LTIP") on 27 March 2017 (the "Award") vested on 27 March 2020.

The Award was granted subject to the achievement of certain performance targets based on the Company's growth in pre-exceptional profit before tax over the three-year period ending 28 December 2019. An additional holding period of two years will apply to shares vesting under the Award.

The following transactions took place in relation to the Award, which was granted over ordinary 10 pence shares of the Company ("Shares") to the PDMRs listed below:

Name of Director or PDMR	Number of Shares which vested under the Award	Number of Shares which were sold*	Number of Shares subject to additional two-year Holding Period
Mark Robson	34,938	16,454	18,484
Theresa Keating	11,696	5,509	6,187
Andrew Witts	14,759	6,951	7,808
Robert Fenwick	14,759	6,951	7,808
Clive Cockburn	11,139	5,247	5,892

* Shares were sold to cover taxation and administrative costs arising on the vesting of the Award at a price of 502.702p.

The Notification of Dealing Forms for the above transactions may be found below. These notifications are provided in accordance with the requirements of the EU Market Abuse Regulation.  

NOTIFICATION OF DEALING FORM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Robson
2	Reason for the notification
a)	Position/status	Deputy Chief Executive and Chief Financial Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Howden Joinery Group plc
b)	LEI	213800KC1LJOJTY3JP45
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
	Nature of transaction Vesting of ordinary shares under a conditional share award. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 Outside a trading venue Individual transactions Price(s) Volume(s) Total GBP nil 34,938 n/a Aggregated information Price(s) Aggregated Volume Total GBP nil   34,938 n/a Nature of transaction Sale of ordinary shares. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 London Stock Exchange (XLON) Individual transactions Price(s) Volume(s) Total GBP 5.027018 16,454 GBP 82,714.55 Aggregated information Price Aggregated Volume Total GBP 5.027018 16,454 GBP 82,714.55

NOTIFICATION OF DEALING FORM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Theresa Keating
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Howden Joinery Group plc
b)	LEI	213800KC1LJOJTY3JP45
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
	Nature of transaction Vesting of ordinary shares under a conditional share award. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 Outside a trading venue Individual transactions Price(s) Volume(s) Total GBP nil 11,696 n/a Aggregated information Price(s) Aggregated Volume Total GBP nil   11,696 n/a Nature of transaction Sale of ordinary shares. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 London Stock Exchange (XLON) Individual transactions Price(s) Volume(s) Total GBP 5.027018 5,509 GBP 27,693.84 Aggregated information Price Aggregated Volume Total GBP 5.027018 5,509 GBP 27,693.84

NOTIFICATION OF DEALING FORM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Witts
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Howden Joinery Group plc
b)	LEI	213800KC1LJOJTY3JP45
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
	Nature of transaction Vesting of ordinary shares under a conditional share award. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 Outside a trading venue Individual transactions Price(s) Volume(s) Total GBP nil 14,759 n/a Aggregated information Price(s) Aggregated Volume Total GBP nil 14,759 n/a Nature of transaction Sale of ordinary shares. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 London Stock Exchange (XLON) Individual transactions Price(s) Volume(s) Total GBP 5.027018 6,951 GBP 34,942.80 Aggregated information Price Aggregated Volume Total GBP 5.027018 6,951 GBP 34,942.80

NOTIFICATION OF DEALING FORM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Fenwick
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Howden Joinery Group plc
b)	LEI	213800KC1LJOJTY3JP45
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
	Nature of transaction Vesting of ordinary shares under a conditional share award. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 Outside a trading venue Individual transactions Price(s) Volume(s) Total GBP nil 14,759 n/a Aggregated information Price(s) Aggregated Volume Total GBP nil 14,759 n/a Nature of transaction Sale of ordinary shares. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 London Stock Exchange (XLON) Individual transactions Price(s) Volume(s) Total GBP 5.027018 6,951 GBP 34,942.80 Aggregated information Price Aggregated Volume Total GBP 5.027018 6,951 GBP 34,942.80

NOTIFICATION OF DEALING FORM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clive Cockburn
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Howden Joinery Group plc
b)	LEI	213800KC1LJOJTY3JP45
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
	Nature of transaction Vesting of ordinary shares under a conditional share award. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 Outside a trading venue Individual transactions Price(s) Volume(s) Total GBP nil 11,139 n/a Aggregated information Price(s) Aggregated Volume Total GBP nil 11,139 n/a Nature of transaction Sale of ordinary shares. Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2020-03-27 London Stock Exchange (XLON) Individual transactions Price(s) Volume(s) Total GBP 5.027018 5,247 GBP 26,376.76 Aggregated information Price Aggregated Volume Total GBP 5.027018 5,247 GBP 26,376.76

Enquiries

Forbes McNaughton, Company Secretary:  020 7535 1137

 

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