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| Date | 28 Sept 2021 |
| Time | 16:09:48 |
| Category | Director/PDMR dealings |
| ID | 2705N |
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").
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Directors |
Number of Shares subject to Option |
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James Thomson (Chief Executive Officer) |
94,441 |
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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:
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Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc
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Tel: 01142 612 900
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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.
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1. |
Details of PDMR / person closely associated with them ('CAP') |
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a) |
First Name |
James
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b) |
Last Name |
Thomson
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2. |
Reasons for the notification |
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a) |
Position / status |
Chief Executive Officer
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b) |
Initial notification / amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Full name of the entity |
MJ Gleeson Plc
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b) |
Legal Entity Identifier code |
21380064K7N2W7FD6434
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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 |
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a) |
Description of the financial instrument Identification Code |
Ordinary Shares of £0.02 each
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b) |
Nature of the transaction |
Grant of Options over Ordinary Shares
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c)
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Price(s) and volume(s)
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d) |
Aggregated information - Aggregated volume - Price |
Not applicable- single transaction |
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e) |
Date of the transaction |
27 September 2021
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f) |
Place of the transaction |
Off market
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1. |
Details of PDMR / person closely associated with them ('CAP') |
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a) |
First Name |
Stefan
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b) |
Last Name |
Allanson
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2. |
Reasons for the notification |
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a) |
Position / status |
Chief Financial Officer
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b) |
Initial notification / amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Full name of the entity |
MJ Gleeson Plc
|
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b) |
Legal Entity Identifier code |
21380064K7N2W7FD6434
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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
|
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b) |
Nature of the transaction |
Grant of Options over Ordinary Shares
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c)
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Price(s) and volume(s)
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d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
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e) |
Date of the transaction |
27 September 2021
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f) |
Place of the transaction |
Off market
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