Exercise of options & Director/PDMR shareholding

31 May 2018

Headlam Group plc

('Headlam' or the 'Company')

Exercise of share options and Director/PDMR shareholding

Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, announces that on 25 May 2018 the trustee of the Headlam Group Co-Investment Plan 2008 ('CIP') approved the transfer of 43,028 and 38,349 ordinary shares of 5 pence each in the capital of the Company ('Ordinary Shares') to Steve Wilson, Chief Executive, and Tony Judge, Chief Operating Officer, respectively, as a result of the exercise of options following the vesting of awards granted on 1 May 2015 to certain members of key management under the CIP.

Steve Wilson and Tony Judge have retained all the Ordinary Shares relating to the exercise, increasing their beneficial shareholdings in the Company to 657,272 and 154,045 Ordinary Shares, respectively, representing approximately 0.77% and 0.18%, respectively, of the Company's issued share capital (excluding shares held as treasury shares) as at 31 May 2018.

Options granted on 1 May 2015 under the CIP over, in aggregate 204,935 Ordinary Shares, have now been exercised by current and past (under leaver provisions) members of key management, with the awards being satisfied from Ordinary Shares held by the trustee of the CIP that have previously been acquired from the open market. The awards were exercised with the total amount paid on exercise being £1 per individual.

Following the above transfer of Ordinary Shares to satisfy the awards, the trustee of the CIP now holds 136,956 Ordinary Shares, representing approximately 0.16% of the Company's issued share capital (excluding shares held as treasury shares) as at 31 May 2018. 

Enquiries:

Notes for Editors:

Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.

Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.

The Company is engaged with suppliers across 16 primary countries whose products cover a significant proportion of the floorcoverings market including carpet, residential vinyl, engineered wood, laminate, luxury vinyl tiles, ceramic tiles, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.

The Company comprises 64 wholly-owned businesses in the UK and Continental Europe (UK 60, Continental Europe 4) each operating under their own trade brand and utilising their individual sales team which achieves greater market penetration.

Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.

www.headlam.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them.