PDMR participation in the Rights Issue

RNS Number : 1939P

Kier Group PLC

04 June 2015

 

KIER GROUP PLC

(the "Company")

DIRECTOR / PDMR SHAREHOLDINGS

PDMR participation in the Rights Issue

The Company announces that, on 3 June 2015, it was notified that the following acquisitions of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") were made by certain of its persons discharging managerial responsibilities ("PDMRs") and, where indicated below, their connected persons pursuant to the Company's 5 for 7 rights issue of 39,646,692 new Ordinary Shares at 858 pence per Ordinary Share announced on 28 April 2015 (the "Rights Issue"):

Name	Ordinary Shares acquired pursuant to the Rights Issue	Total beneficial holdings of Ordinary Shares following the Rights Issue
Mr D N Benson	972	2,334
Mr N P Brook	2,749	10,940
Mr B E J Dew	3	762(1)
Mr A J Gordon-Stewart	264	1,343
Mr H J Mursell(2)	11,662	36,133
Mr P J Pethica(3)	1,889	6,776
Mr H E E Raven	2,545	8,971
Mr N A Turner(4)	3,977	24,231
Mr C Veritiero	3,242	8,208
Mr P M White(5)	1,814	4,354
Mr N P Winser	2,499	5,999

(1) Includes 746 Ordinary Shares acquired pursuant to the placing of the rump under the Rights Issue - please see below for further details.

(2) Includes 10,680 Ordinary Shares held by his connected person, Mrs K E Mursell, who acquired 4,450 Ordinary Shares pursuant to the Rights Issue.

(3) Includes 775 Ordinary Shares held by his connected person, Mrs K Pethica, who acquired 148 Ordinary Shares pursuant to the Rights Issue.

(4) Includes 7,109 Ordinary Shares held by his connected person, Mrs J Turner, who acquired 1,464 Ordinary Shares pursuant to the Rights Issue.

(5) Includes 1,320 Ordinary Shares held by his connected person, Mrs C White, who acquired 550 Ordinary Shares pursuant to the Rights Issue.

PDMR acquisitions of Ordinary Shares pursuant to the placing of the rump under the Rights Issue

The Company was also notified on 3 June 2015 that the following acquisitions of Ordinary Shares were made by certain of its PDMRs and, where indicated below, their connected persons, as part of the placing of (i) Ordinary Shares not validly taken up in the Rights Issue and (ii) aggregated fractional entitlements to Ordinary Shares under the Rights Issue:

Name	Number of Ordinary Shares acquired pursuant to the placing of the rump under the Rights Issue	Price per Ordinary Share (pence)	Total beneficial holdings of Ordinary Shares following the Rights Issue
Mr R C Bailey	2,660(1)	1,340	2,660
Mrs A K Bashforth	1,119	1,340	1,119
Mr B E J Dew	746	1,340	762
Mrs A J Mellor	1,492	1,340	1,492

(1) Includes 1,140 Ordinary Shares acquired by his connected person, Mrs H J Bailey.

Adjustments to Sharesave Scheme options

Certain PDMRs have interests in options over Ordinary Shares under the Kier 2006 Sharesave Scheme.  As contemplated by the Prospectus, adjustments have been made to the terms of these outstanding options to take account of the Rights Issue.  Details of the adjusted options are:

Name	Adjusted number of Ordinary Shares (1)	Adjusted exercise price per Ordinary Share (pence)	Exercise period
Mr N P Brook	1,072	839	1 July 2015 - 31 December 2015
	775	1,159	1 December 2017 - 31 May 2018
Mr N A Turner	1,072	839	1 July 2015 - 31 December 2015
Mr C Veritiero	1,072	839	1 July 2016 - 31 December 2016
	775	1,159	1 December 2017 - 31 May 2018
Mr A J Gordon-Stewart	1,072	839	1 July 2015 - 31 December 2015
	775	1,159	1 December 2017 - 31 May 2018
Mr D N Benson	1,072	839	1 July 2016 - 31 December 2016
Mr H E E Raven	1,552	1,159	1 December 2017 - 31 May 2018
Mr P J Pethica	213	839	1 July 2015 - 31 December 2015
	1,397	1,159	1 December 2017 - 31 May 2018

(1) Assumes that each participant continues to save at the current rate for the full savings period.

This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).  

For enquiries, please contact:

Matthew Armitage
Deputy Company Secretary

Kier Group plc

Tempsford Hall

Sandy

Bedfordshire

SG19 2BD

               Tel: [phone]

END

 

END

 

 

RDSPKQDQPBKKDAK