Grant of SAYE Options

RNS Number : 4142B
Breedon Group PLC
03 April 2017
 

3 April 2017

 

BREEDON GROUP plc 

("Breedon" or the "Company")

 

Grant of SAYE Options

 

The Company has today been notified that the following Persons Discharging Managerial Responsibilities ("PDMRs") are intending to participate in 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  As at 1 May 2022 these accumulated funds can then be withdrawn from the SAYE Scheme as cash or used to exercise options over the Company's ordinary shares which have been granted at 63.8 pence per ordinary share in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

Ross McDonald

Group Services Director

18,808

Stephen Tagg

Group Human Resources Director

47,021

 

 

Enquiries:

Breedon Group plc

Pat Ward, Group Chief Executive                                                            01332 694010

Stephen Jacobs, Head of Communications                                               07831 764592

 

Cenkos Securities plc (NOMAD)

Max Hartley                                                                                           020 7397 8900

 

Peel Hunt (Joint Broker)

Justin Jones / Mike Bell                                                                          020 7418 8900

 


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

Grant of Savings Related Share options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil

18,808

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

18,808

 

Nil

f)

Place of the transaction

N/A

 


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

Stephen Tagg

2

Reason for the notification

a)

Position/status

Group Human Resources 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

47,021

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

47,021

 

Nil

f)

Place of the transaction

N/A

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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