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| Date | 21 Oct 2022 |
| Time | 16:21:17 |
| Category | Director/PDMR dealings |
| ID | 7694D |
MJ GLEESON plc
Incorporated in England and Wales
Registration number: 09268016
LEI: 21380064K7N2W7FD6434
ISIN: GB00BRKD9Z53
21 October 2022
MJ Gleeson Plc
("the Company")
Performance Share Plan award to Directors and PDMRs
The Company announces that on 20 October 2022, under the Company's Long Term Incentive Plan (the "Plan"), that the Directors and Persons Discharging Management Responsibilities ("PDMR") listed below were granted nil-cost share options (the "Options") over a total of 654,826 Ordinary shares of 2p each in the Company ("Shares").
|
DIRECTOR / PDMR |
Number of Shares subject to Option |
|
Stefan Allanson (Chief Financial Officer) |
127,839 |
|
Mark Knight (Chief Executive, Gleeson Homes) |
76,142 |
|
James Pitt (Managing Director, Gleeson Land) |
47,525 |
|
Leanne Johnson (Company Secretary) |
6,980 |
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.
No consideration was paid for the grant of the Options. The number of Shares subject to the Options was calculated based on a share price of 394p, being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 19 October 2022.
Vesting of the Options is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2025. For Stefan Allanson, these targets will be disclosed in the Company's FY22 Annual Report.
The Options will vest, and will be capable of exercise (subject to achieving the applicable performance targets) as follows:
|
DIRECTOR / PDMR |
Vesting period |
Anticipated Vesting Date
|
|
Stefan Allanson |
5 years |
The date the Company announces its financial results in 2027 |
|
Mark Knight |
3 years |
The date the Company announces its financial results in 2025 |
|
James Pitt |
3 years |
The date the Company announces its financial results in 2025 |
|
Leanne Johnson |
3 years |
The date the Company announces its financial results in 2025 |
The Awards will be satisfied using market purchase shares, to be acquired by and held in the Company's employee benefit trust.
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') |
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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 |
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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)
|
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 |
20 October 2022
|
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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 |
Mark
|
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|
b) |
Last Name |
Knight
|
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|
2. |
Reasons for the notification |
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|
a) |
Position / status |
Chief Executive, Gleeson Homes
|
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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 |
|||||||
|
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
|
||||||
|
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares
|
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|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable- single transaction |
||||||
|
e) |
Date of the transaction |
20 October 2022
|
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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 |
James
|
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|
b) |
Last Name |
Pitt
|
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|
2. |
Reasons for the notification |
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|
a) |
Position / status |
Managing Director, Gleeson Land
|
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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 |
|||||||
|
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
|
||||||
|
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||||
|
e) |
Date of the transaction |
20 October 2022
|
||||||
|
f) |
Place of the transaction |
Off market
|
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|
1. |
Details of PDMR / person closely associated with them ('CAP') |
|||||||
|
a) |
First Name |
Leanne
|
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|
b) |
Last Name |
Johnson
|
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|
2. |
Reasons for the notification |
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|
a) |
Position / status |
Company Secretary
|
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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 |
|||||||
|
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
|
||||||
|
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares
|
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable- single transaction |
||||||
|
e) |
Date of the transaction |
20 October 2022
|
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|
f) |
Place of the transaction |
Off market
|
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Enquiries:
|
Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc
|
Tel: 01142 612 900
|