Grant of awards under Deferred Bonus Plan

RNS Number : 1727W

Headlam Group PLC

13 April 2023

 

13 April 2023

Headlam Group plc

(the 'Company')

Grant of awards under Deferred Bonus Plan ('DBP')

As detailed in the 2022 Annual Report and Accounts, under the DBP, one-third of any annual bonus amount awarded to Executive Directors is required to be deferred into a right to acquire ordinary shares in the Company at nil-cost.  Following payment of the annual bonus in respect of the financial year ended 31 December 2022, on 13 April 2023, the Company granted nil-cost options to the following Executive Director:

Executive Director / PDMR	Role	Amount of Bonus Deferred (£)	Number of ordinary shares over which options granted
Chris Payne	Chief Executive	67,940	22,563

The 2023 DBP option will not vest until the second anniversary of the grant date, and is subject to a dividend equivalent in the form of shares, calculated on a re-investment basis.  The number of ordinary shares over which the option was granted was calculated based on a share price of 301.1 pence per ordinary share, being the average mid-market closing share price for the five business days prior to the grant date, as derived from the London Stock Exchange daily official list.

Headlam Group plc	Tel: [phone]
Chris Payne, Chief Executive	Email:  [e-mail]
Catherine Miles, Director of IR and ESG
Panmure Gordon (UK) Limited  (Corporate Broker)	Tel: [phone]
Tom Scrivens   / Atholl Tweedie Peel Hunt LLP  (Corporate Broker)	Tel: [phone]
George Sellar / John Welch

  Notification and public disclosure of transactions by persons discharging managerial  

 responsibilities / persons closely associated with them.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Chris Payne
2.	Reason for the notification
a)	Positio n / status	Chief Executive
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Headlam Group plc
b)	LEI	213800I4AZZUJEYX9O90
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	Ordinary shares of £0.05 each.
b)	Identification code	ISIN: GB0004170089
c)	Nature of the transaction	Grant of nil-cost options over Ordinary Shares under the Company's Deferred Bonus Plan
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 22,563
e)	Aggregated information -  Volume -  Price	N/A
f)	Date of the transaction	13 April 2023
g)	Place of the transaction	Outside a trading venue

 

END

 

 

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