- Title:
Performance Share Plan Award to Directors/PDMRs - Time:
09:48:48 - Date:
25 Sept 2020 - Category:
Director/PDMR dealings - ID:
1457A
MJ GLEESON plc
Incorporated in England and Wales
Registration number: 09268016
LEI: 21380064K7N2W7FD6434
ISIN: GB00BRKD9Z53
25 September 2020
MJ Gleeson Plc
("the Company")
Performance Share Plan award to Directors/PDMRs
The Company announces that on 24 September 2020, under the Company's Long Term Incentive Plan (the "Plan"), James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer respectively, have been awarded the following share options totalling 198,457 Ordinary shares of 2p each in the Company ("Performance Shares").
| Directors |
Number of Performance Shares Granted |
| James Thomson (Chief Executive Officer) |
121,753 |
| Stefan Allanson (Chief Financial Officer) |
76,704 |
No consideration was paid for the grant of these conditional awards.
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.
Vesting of the options is conditional upon achieving certain share price and commercial targets over their three-year performance period ending 30 June 2023. These targets will be disclosed in the Company's FY21 Annual Report. A further two-year holding period in addition to the three-year vesting period applies to these awards.
Enquiries:
| Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc
|
Tel: 01142 612 900
|
The information set out below is provided in accordance with the requirements of DTR3.1 and Article 19 of The EU 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
|
||||||
| 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 |
24 September 2020
|
||||||
| 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
|
||||||
| 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 |
24 September 2020
|
||||||
| f) |
Place of the transaction |
Off market
|
||||||
Performance Share Plan Award to Directors/PDMRs09:48:4825 Sept 2020Director/PDMR dealings1457A