Exercise of Options, TVR and Director Dealing

RNS Number : 2557F

MJ Gleeson PLC

10 November 2015

 

10 November 2015

MJ Gleeson plc ("Gleeson" or the "Company")

Exercise of Options, Total Voting Rights and Director Dealing

Gleeson, the urban regeneration and strategic land specialist, announces that on 10 November 2015, Jolyon Harrison, Chief Executive Officer of the Company exercised options at 2 pence per share over 423,015 ordinary shares of 2 pence each in the capital of the Company (the "New Shares"), under the Company's performance share plan which was approved by the Company's shareholders in December 2007.

Application has been made to the UK Listing Authority for the New Shares, which rank pari passu in all respects with the Company's existing ordinary shares, to be admitted to the Official List maintained by the UK Listing Authority and to the London Stock Exchange for the New Shares to be admitted to trading on its Main Market for listed securities with dealings in the New Shares expected to commence on or around 16 November 2015.

Following the issue of the New Shares, the Company's total issued share capital will consist of 54,120,495 ordinary shares of 2 pence each in the capital of the Company (the "Ordinary Shares") with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, following the issue of the New Shares, the total number of voting rights in the Company will be 54,120,495. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

On 9 November 2015, the Company was notified that, on that date, Jolyon Harrison sold 190,737 Ordinary Shares at a price of 493 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options.  Following the exercise and the sale, Jolyon Harrison is interested in 1,704,672 Ordinary Shares in the Company, representing 3.15 per cent of the total voting rights in the Company.

This notification is made in accordance with DTR 3.1.4 R(1)

Contacts:

MJ Gleeson plc Jolyon Harrison, Chief Executive Stefan Allanson, Chief Financial Officer

Tel: [phone]

 

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