Performance Share Plan award to Directors

RNS Number : 2705N

MJ Gleeson PLC

28 September 2021

 

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

28 September 2021

MJ Gleeson Plc

("the Company")

Performance Share Plan award to Directors/PDMRs

The Company announces that on 27 September 2021, under the Company's Long Term Incentive Plan (the "Plan"), James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer respectively, were granted nil-cost share options ("Option") over a total of 153,939 Ordinary shares of 2p each in the Company ("Shares").

Directors	Number of Shares subject to Option
James Thomson (Chief Executive Officer)	94,441
Stefan Allanson (Chief Financial Officer)	59,498

No consideration was paid for the grant of the Option. The number of Shares subject to the Option was calculated based on a share price of 814p, being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 24 September 2021.

Vesting of the Option is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2024. The performance targets are based on the Company's Earnings per Share and its Total Shareholder Return (relative to constituent companies of a bespoke comparator group) over the performance period. The targets will be disclosed in the FY21 Directors' Remuneration Report.  

Following the end of the three-year performance period, the Option will be subject to a two-year holding period and will be capable of exercise from the date on which the Company announces is financial results for the financial year ended 30 June 2026.

Enquiries:

Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc

Tel: [phone]

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK 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 94,441
d)	Aggregated information -  Aggregated volume -  Price	Not applicable- single transaction
e)	Date of the transaction	27 September 2021
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 59,498
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	27 September 2021
f)	Place of the transaction	Off market

 

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