Grant of SAYE Options and PDMR Dealings

RNS Number : 4878O

Breedon Group PLC

17 May 2018

 

17 May 2018

BREEDON GROUP plc 

("Breedon" or the "Company")

Grant of SAYE Options and PDMR Dealings

The Company has today granted options to the following Persons Discharging Managerial Responsibilities ("PDMRs") under the Breedon Group Savings Related Share Option Scheme (the "SAYE Scheme").

Under the terms of the SAYE Scheme, the PDMRs listed below are committed to making contributions over a five-year period.  As at 1 July 2023 these accumulated funds can then be withdrawn from the SAYE Scheme as cash or used to exercise options over Ordinary Shares of nil par value in the Company ('Ordinary Shares') which have been granted at 66.4 pence per ordinary share in accordance with the terms of the SAYE Scheme. Assuming full participation in the SAYE Scheme, the PDMRs listed below would have an option over the number of shares in the Company set out below.

PDMR	Title	Options granted
Michael Pearce	Managing Director - Breedon Southern	45,180
Ross McDonald	Group Services Director	9,036

The Company has today also been notified that Ross McDonald has exercised an option granted to him under the SAYE Scheme in 2015 and accordingly has acquired 8,430 Ordinary Shares at a price of 42.7 pence per Ordinary Share.

As at today there are 1,678,876,614 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Enquiries:

Breedon Group plc                                                      www.breedongroup.com 

Pat Ward, Group Chief Executive                                    01332 694010

Stephen Jacobs, Head of Communications                       07831 764592  

Cenkos Securities plc (NOMAD and Joint Broker)

Max Hartley                                                                   020 7397 8900

Numis Securities (Joint Broker)

Heraclis Economides

Ben Stoop                                                                     020 7260 1000

Notification and public disclosure of transactions by persons discharging managerial

responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Pearce
2	Reason for the notification
a)	Position/status	Managing Director - Breedon Southern (PDMR)
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Breedon Group plc
b)	LEI	213800ZQKCIVCPN9H229
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 of no par value JE00B2419D89
b)	Nature of the transaction	Grant of Savings Related Share options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 45,180
d)	Aggregated information (if any) - Aggregated volume - Price	45,180 Nil
e)	Date of transaction	17 May 2018
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial

responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ross Edward McDonald
2	Reason for the notification
a)	Position/status	Group Services Director (PDMR)
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Breedon Group plc
b)	LEI	213800ZQKCIVCPN9H229
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 of no par value JE00B2419D89
b)	Nature of the transaction	Grant of Savings Related Share options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 9,036
d)	Aggregated information (if any) - Aggregated volume - Price	9,036 Nil
e)	Date of transaction	17 May 2018
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial

responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ross McDonald
2	Reason for the notification
a)	Position/status	Group Services Director (PDMR)
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Breedon Group plc
b)	LEI	213800ZQKCIVCPN9H229
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 of no par value JE00B2419D89
b)	Nature of the transaction	Acquisition of Ordinary Shares pursuant to a Savings Related Share Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 42.7p per share 8,430
d)	Aggregated information (if any) - Aggregated volume - Price	8,430 42.7p per share
e)	Date of transaction	17 May 2018
f)	Place of the transaction	Outside a trading venue

 

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