Director/PDMR Shareholding

RNS Number : 9719E

Kier Group PLC

01 November 2022

 

1 NOVEMBER 2022

KIER GROUP PLC

Notifications of transactions by persons discharging managerial responsibilities

Kier Group plc (the "Company") announces that on 28 October 2022, the persons discharging managerial responsibilities ("PDMRs") referred to below were allocated the ordinary shares in the capital of the Company ("Shares"), as a result of the vesting of awards made to them in October 2019 under the Kier Group plc 2010 Long-Term Incentive Plan (the "LTIP Vesting") and on 31 October 2022, beneficial interests in the Shares were awarded to PDMRs in connection with the Company's bonus arrangements for the financial year ended 30 June 2022 ("the Deferred Bonus").

The numbers of Shares referred to below represent the vested Shares allocated to each PDMR following deductions for income tax and national insurance contributions due on release of the Shares.

PDMR	Number of Shares allocated under LTIP vesting on 28 October 2022	Number of Shares awarded under the Deferred Bonus on 31 October 2022
Mr A O B Davies1	466,254	309,808
Mr S J Kesterton1	325,692	138,761
Ms A Amar	n/a	30,402
Mr A W Bradshaw	37,604	19,277
Mr L J Cummins	n/a	58,734
Mr G Incutti	45,151	34,718
Mr M R Pengelly	88,157	41,257
Ms H L Redfern	63,472	43,180
Mr L P Thomas	78,695	37,913
Ms S Timms	n/a	11,979
Mr S J Togwell	92,565	50,891

¹ Following the acquisition of these Shares, Mr Davies and Mr Kesterton will own 1,044,429 and 722,179 Shares, representing 0.23% and 0.16% of the Company's issued share capital, respectively.

For tax purposes, the market value of a Share for LTIP vesting was £0.622, being the closing price of a Share on 27 October 2022; and the market value of a Share for Deferred Bonus was £0.617, being the closing price of a Share on 28 October 2022. No consideration was paid for the acquisition of these Shares.

The Shares acquired by Mr Davies and Mr Kesterton under the LTIP vesting are subject to a two-year post-vesting holding period. The LTIP Vesting was subject to the satisfaction of certain performance criteria over a three-year performance period which ran from 1 July 2019 to 30 June 2022.

Legal title to the Deferred Bonus Shares will be held on trust by the Kier Group 1999 Employee Benefit Trust (the "Trustee"). The Trustee will hold the Shares on trust for such individuals until 31 October 2025 (subject to the rules of the bonus arrangements).

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

For enquiries please contact:

Jaime Tham

Company Secretary

07801 975672

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Andrew Davies
2	Reason for the notification
a)	Position / status		Chief Executive
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 466,254
d)	Aggregated information -  Aggregated volume -  Price	466,254 shares Nil
e)	Date and time of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Andrew Davies
2	Reason for the notification
a)	Position / status		Chief Executive
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 309,808
d)	Aggregated information -  Aggregated volume -  Price	309,808 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Simon Kesterton
2	Reason for the notification
a)	Position / status		Chief Financial Officer
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 325,692
d)	Aggregated information -  Aggregated volume -  Price	325,692 shares Nil
e)	Date of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Simon Kesterton
2	Reason for the notification
a)	Position / status		Chief Financial Officer
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 138,761
d)	Aggregated information -  Aggregated volume -  Price	138,761 shares Nil
e)	Date of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Alpna Amar
2	Reason for the notification
a)	Position / status		Corporate Development Director
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 30,402
d)	Aggregated information -  Aggregated volume -  Price	30,402 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Andrew Bradshaw
2	Reason for the notification
a)	Position / status		Group Managing Director - Utilities
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 37,604
d)	Aggregated information -  Aggregated volume -  Price	37,604 shares Nil
e)	Date and time of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Andrew Bradshaw
2	Reason for the notification
a)	Position / status		Group Managing Director - Utilities
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 19,277
d)	Aggregated information -  Aggregated volume -  Price	19,277 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 58,734
d)	Aggregated information -  Aggregated volume -  Price	58,734 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Giuseppe Incutti
2	Reason for the notification
a)	Position / status		Group Managing Director - Highways
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 45,151
d)	Aggregated information -  Aggregated volume -  Price	45,151 shares Nil
e)	Date of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Giuseppe Incutti
2	Reason for the notification
a)	Position / status		Group Managing Director - Highways
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 34,718
d)	Aggregated information -  Aggregated volume -  Price	34,718 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Mark Pengelly
2	Reason for the notification
a)	Position / status		Group Managing Director - Infrastructure
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 88,157
d)	Aggregated information -  Aggregated volume -  Price	88,157 shares Nil
e)	Date of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Mark Pengelly
2	Reason for the notification
a)	Position / status		Group Managing Director - Infrastructure
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 41,257
d)	Aggregated information -  Aggregated volume -  Price	41,257 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Helen Redfern
2	Reason for the notification
a)	Position / status		Chief People Officer
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 63,472
d)	Aggregated information -  Aggregated volume -  Price	63,472 shares Nil
e)	Date of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Helen Redfern
2	Reason for the notification
a)	Position / status		Chief People Officer
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 43,180
d)	Aggregated information -  Aggregated volume -  Price	43,180 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Leigh Thomas
2	Reason for the notification
a)	Position / status		Group Managing Director - Property
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 78,695
d)	Aggregated information -  Aggregated volume -  Price	78,695 shares Nil
e)	Date of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Leigh Thomas
2	Reason for the notification
a)	Position / status		Group Managing Director - Property
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 37,913
d)	Aggregated information -  Aggregated volume -  Price	37,913 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Sophie Timms
2	Reason for the notification
a)	Position / status		Corporate Affairs Director
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 11,979
d)	Aggregated information -  Aggregated volume -  Price	11,979 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Stuart Togwell
2	Reason for the notification
a)	Position / status		Group Commercial Director
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	Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 92,565
d)	Aggregated information -  Aggregated volume -  Price	92,565 shares Nil
e)	Date of the transaction	2022-10-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name		Stuart Togwell
2	Reason for the notification
a)	Position / status		Group Commercial Director
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 deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 50,891
d)	Aggregated information -  Aggregated volume -  Price	50,891 shares Nil
e)	Date and time of the transaction	2022-10-31
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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