Director/PDMR Shareholding

RNS Number : 3806A

Kier Group PLC

28 May 2019

 

KIER GROUP PLC

DIRECTOR / PDMR SHAREHOLDING

Rights Issue - adjustments to awards under the Kier Group plc 2010 Long-Term Incentive Plan

On 20 December 2018, Kier Group plc (the "Company") announced that the 33 for 50 rights issue of 64,455,707 new ordinary shares in the capital of the Company ("Ordinary Shares") at 409 pence per Ordinary Share (the "Rights Issue") had closed for acceptances at 11:00 a.m. (London time) on 19 December 2018.  

Certain of the Company's Directors and Persons Discharging Managerial Responsibilities ("PDMRs") hold awards of contingent rights to receive shares in the capital of the Company under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan"). 

On 22 May 2019, the Company's Remuneration Committee approved adjustments to the maximum numbers of Ordinary Shares held under the Plan to reflect the effect of the Rights Issue as follows:

Director / PDMR name	Adjusted number of Ordinary Shares	Expected vesting date
Mr B E J Dew	43,515 56,825 68,508	21 October 2019 23 October 2020 22 October 2021
Mr M F Jones (PDMR)	11,779	21 October 2019
Mrs P J W Prongué (PDMR)	8,122	21 October 2019
Mr H E E Raven (PDMR)	16,541	21 October 2019
Mr C Veritiero	40,614 53,048 68,508	21 October 2019 23 October 2020 22 October 2021

This announcement should be read in conjunction with the announcements of PDMR participation in the Rights Issue which were made on 17, 18 and 20 December 2018.

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:

Beth Melges

Deputy Company Secretary

Tel: [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bev Dew
2	Reason for the notification
a)	Position / status	Group Finance 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	Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018.
c)	Price(s) and volume(s)	Price(s) Volume(s) £ n/a 752 £ n/a 982 £ n/a 1,184
d)	Aggregated information -  Aggregated volume -  Price	2,918 shares n/a per share
e)	Date of the transaction	2019-05-22
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marcus Jones
2	Reason for the notification
a)	Position / status	Finance Director Operations
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	Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018.
c)	Price(s) and volume(s)	Price(s) Volume(s) £ n/a 203
d)	Aggregated information -  Aggregated volume -  Price	203 shares n/a per share
e)	Date of the transaction	2019-05-22
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Phillippa Prongué
2	Reason for the notification
a)	Position / status	Group Strategy & 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	Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018.
c)	Price(s) and volume(s)	Price(s) Volume(s) £ n/a 140
d)	Aggregated information -  Aggregated volume -  Price	140 shares n/a per share
e)	Date of the transaction	2019-05-22
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugh Raven
2	Reason for the notification
a)	Position / status	General Counsel and Company Secretary
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	Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018.
c)	Price(s) and volume(s)	Price(s) Volume(s) £ n/a 286
d)	Aggregated information -  Aggregated volume -  Price	286 shares n/a per share
e)	Date of the transaction	2019-05-22
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Claudio Veritiero
2	Reason for the notification
a)	Position / status	Chief Operating 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	Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018.
c)	Price(s) and volume(s)	Price(s) Volume(s) £ n/a 702 £ n/a 917 £ n/a 1,184
d)	Aggregated information -  Aggregated volume -  Price	2,803 shares n/a per share
e)	Date of the transaction	2019-05-22
f)	Place of the transaction	Outside a trading venue

 

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