Director/PDMR Shareholding

RNS Number : 5712L

Howden Joinery Group PLC

06 September 2019

 

6 September 2019

HOWDEN JOINERY GROUP PLC

(the "Company")

NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Grants under Howdens Long Term Incentive Plan ("LTIP")

The Company announces that on 5 September 2019 it granted the following restricted share awards ("Awards") over ordinary shares ("Shares") of the Company to Mark Slater, Commercial Director and a Person Discharging Managerial Responsibilities ("PDMR"), under the Company's LTIP.

Shares granted under each Award	Date of Vest
38,241	31 March 2020
8,144	31 March 2020
34,202	31 March 2021
7,170	31 March 2021
9,924	31 March 2021
13,646	31 March 2022

Mr Slater joined the Company on 3 June 2019 and upon leaving his previous employment forfeited a number of share awards ("Previous Awards"), including performance based awards and awards of restricted shares not subject to performance conditions. Although Mr Slater is not an executive director of the Company, the Previous Awards have nevertheless been replaced with awards of forfeitable shares in line with the approved executive director remuneration policy, with equivalent remaining periods to release of the awards foregone and equivalent expected value.

The Notification of Dealing Form for the above grants may be found below. This notification is 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 Slater
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 Award of forfeitable ordinary shares under the rules of the Howdens Long Term Incentive Plan Description/type of Financial Instrument Identification code Date of transaction Place of transaction Ordinary shares of 10 pence each GB0005576813 2019-09-05 Outside a trading venue Individual transactions Price(s) Volume(s) Total GBP nil 38,241 n/a GBP nil 8,144 n/a GBP nil 34,202 n/a GBP nil 7,170 n/a GBP nil 9,924 n/a GBP nil 13,646 n/a Aggregated information Price(s) Aggregated Volume Total GBP nil 111,327 n/a

Enquiries

Forbes McNaughton, Company Secretary:                      020 7535 1137

 

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