Performance Share Plan Award to Directors/PDMRs

RNS Number : 1457A

MJ Gleeson PLC

25 September 2020

 

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

25 September 2020

MJ Gleeson Plc

("the Company")

Performance Share Plan award to Directors/PDMRs

The Company announces that on 24 September 2020, under the Company's Long Term Incentive Plan (the "Plan"), James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer respectively, have been awarded the following share options totalling 198,457 Ordinary shares of 2p each in the Company ("Performance Shares").

Directors	Number of Performance Shares Granted
James Thomson (Chief Executive Officer)	121,753
Stefan Allanson (Chief Financial Officer)	76,704

No consideration was paid for the grant of these conditional awards.

These awards were granted pursuant to the Plan approved by shareholders in December 2016, and amended by the Board   in accordance with paragraph 19.2 of the Plan,   in December 2019.

Vesting of the options is conditional upon achieving certain share price and commercial targets over their three-year performance period ending 30 June 2023. These targets will be disclosed in the Company's FY21 Annual Report.  A further two-year holding period in addition to the three-year vesting period applies to these awards.

Enquiries:

Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc

Tel: [phone]

The information set out below is provided in accordance with the requirements of DTR3.1 and Article 19 of The EU Market Abuse Regulation.

1.	Details of PDMR / person closely associated with them ('CAP')
a)	First Name	James
b)	Last Name	Thomson
2.	Reasons for the notification
a)	Position / status	Chief Executive Officer
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Full name of the entity	MJ Gleeson Plc
b)	Legal Entity Identifier code	21380064K7N2W7FD6434
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 Identification Code	Ordinary Shares of £0.02 each GB00BRKD9Z53
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 121,753
d)	Aggregated information -  Aggregated volume -  Price	Not applicable- single transaction
e)	Date of the transaction	24 September 2020
f)	Place of the transaction	Off market

1.	Details of PDMR / person closely associated with them ('CAP')
a)	First Name	Stefan
b)	Last Name	Allanson
2.	Reasons for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Full name of the entity	MJ Gleeson Plc
b)	Legal Entity Identifier code	21380064K7N2W7FD6434
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 Identification Code	Ordinary Shares of £0.02 each GB00BRKD9Z53
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 76,704
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	24 September 2020
f)	Place of the transaction	Off market

 

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