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").

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.

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The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.