Director/PDMR Shareholding

RNS Number : 4294G

Kier Group PLC

17 March 2020

 

17 MARCH 2020

KIER GROUP PLC

Notification of transactions by persons discharging managerial responsibilities

Grant of Award under the Kier Group plc Long-Term Incentive Plan

Kier Group plc (the "Company") announces that, on 16 March 2020, an award of contingent rights to receive a maximum of 368,526 shares in the capital of the Company has been made to Mr. Liam Cummins (a person discharging managerial responsibilities) under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan"). The award was made at no cost to the individual and, subject to the satisfaction of the performance targets and the rules of the Plan, will vest on 16 March 2023.

The price used for the purpose of calculating these awards was 92.90 pence, being the closing middle market quotation of a share in the capital of the Company on 13 March 2020. 

The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.

For enquiries, please contact:

Phil Higgins

Deputy Company Secretary

Tel: [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Liam Cummins
2	Reason for the notification
a)	Position / status	Group Managing Director - Construction
b)	Initial notification / Amendment	Initial notification
3	Details of issuer
a)	Name	Kier Group plc
b)	LEI	2138002RKCU2OM4Y7O48
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 in Kier Group plc GB0004915632
b)	Nature of the transaction	Award of contingent rights to receive shares under the Kier Group plc 2010 Long-Term Incentive Plan for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 368,526
d)	Aggregated information -  Aggregated volume -  Price	368,526 shares Nil
e)	Date and time of the transaction	2020-03-16
f)	Place of the transaction	Outside a trading venue

 

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