Director/PDMR Shareholding

RNS Number : 9692P

Kier Group PLC

11 June 2015

 



KIER GROUP PLC

(the "Company")

ADJUSTMENT TO DIRECTOR / PDMR AWARDS FOR THE RIGHTS ISSUE

On 3 June 2015, the Company announced that the 5 for 7 rights issue of 39,646,692 new ordinary shares in the capital of the Company ("Ordinary Shares") at 858 pence per new Ordinary Share ("Rights Issue") had closed for acceptances at 11:00 a.m. (London time) on 2 June 2015.

Certain of the Company's persons discharging managerial responsibilities ("PDMRs") have interests in Ordinary Shares under awards made under the Kier Group plc 2010 Long-Term Incentive Plan ("LTIP").  No exercise price is applicable to the LTIP awards. 

On 9 June 2015, the Company's Remuneration Committee approved adjustments to the maximum numbers of Ordinary Shares to which these LTIP awards relate, to reflect the effect of the Rights Issue.  The adjusted number of Ordinary Shares for each such PDMR is as follows:

Name	Adjusted number of Ordinary Shares	Vesting date
Mr H J Mursell	61,315	14 September 2015
	39,791	21 October 2016
	62,042	22 October 2017
Mr N P Brook	11,274	14 September 2015
	9,749	21 October 2016
	12,284	22 October 2017
Mr B E J Dew	24,674	8 May 2018
Mr N A Turner	12,561	14 September 2015
	11,396	21 October 2016
	15,479	22 October 2017
Mr C Veritiero	16,748	14 September 2015
	13,438	21 October 2016
	17,199	22 October 2017
Mr A J Gordon-Stewart	6,967	14 September 2015
	6,512	21 October 2016
	8,771	22 October 2017
Mr D Benson	9,490	14 September 2015
	9,317	21 October 2016
	14,434	22 October 2017
Mr H E E Raven	16,078	14 September 2015
	9,675	21 October 2016
	15,356	22 October 2017
Mr P J Pethica	11,274	14 September 2015
	9,749	21 October 2016
	12,284	22 October 2017

This announcement should be read in conjunction with the announcement of PDMR participation in the Rights Issue which was made on 4 June 2015.

For enquiries, please contact:

Matt Armitage
Deputy Company Secretary

Kier Group plc

Tempsford Hall

Sandy

Bedfordshire

SG19 2BD

                Tel: [phone]

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