LEI: 213800DQGNQE3X76WS92
2 December 2024
BREEDON GROUP
plc
(the Company or
Breedon)
Notification of transactions by Directors/ Persons Discharging
Managerial Responsibilities (PDMR) and Persons Closely Associated
with them (PCA)
The Company has been notified that,
on 27 November 2024, Abicad Holding Limited (Abicad) a PCA of Amit Bhatia,
Non-executive Chair of Breedon and a PDMR, had entered into option
agreements with a market counterparty under which, if each option
is fully exercised, would result in Abicad acquiring 1,500,000
existing ordinary shares of £0.01 each (Shares) in the Company (the
Option
Agreements).
Should any option(s) be exercised,
the Shares acquired under the option(s) would be acquired by Abicad
on various dates between 26 August 2025 and 1 December
2025.
The Company understands that these
potential acquisitions of ordinary shares by Abicad, and any future
acquisitions represent a continuation of Abicad's previously
announced intention to make market purchases of shares in the
Company over time.
Abicad currently holds 65,554,894
ordinary shares, equating to approximately 19.08 per cent. of the
Company's total issued share capital (at today's date). If all of
the Shares are acquired under the Option Agreements and Abicad does
not dispose of any of its existing interests in ordinary shares,
Abicad would have an aggregate interest in 67,054,894 ordinary
shares, equating to approximately 19.51 per cent. of the Company's
total issued share capital (at today's date).
This notification is made in
accordance with the requirements of Article 19 of the UK Market
Abuse Regulation.
Enquiries:
Breedon Group
plc
www.breedongroup.com
James Atherton-Ham, Group General
Counsel
01332
694010
MHP
(Public Relations
Adviser)
07770 753 544
Reg Hoare
Rachel Farrington
Charles Hirst
Notification and public
disclosure of transactions by persons discharging
managerial
responsibilities and persons
closely associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Abicad Holding Limited, a person
closely associated with Amit Bhatia
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-executive Chair and
PDMR
|
|
b)
|
Is this an initial notification or an
amendment to a prior notification?
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Breedon Group plc
|
|
b)
|
LEI
|
213800DQGNQE3X76WS92
|
|
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, type of instrument
Identification code
|
Ordinary Shares of £0.01
each
GB00BM8NFJ84
|
|
b)
|
Nature of the transaction
|
Options to acquire existing Ordinary
Shares from a market counterparty, under 3 option
agreements
|
|
c)
|
Price(s) and volume(s)
|
|
Exercise price(s) payable
(pence) (1)
|
Volume(s)
|
Exercise/ expiration date for
option tranche
|
|
392.745 p
per Share
|
150,000
|
26 August
2025
|
|
392.745 p
per Share
|
150,000
|
27 August
2025
|
|
369.6423 p per Share
|
200,000
|
24
November 2025
|
|
369.6423 p per Share
|
200,000
|
25
November 2025
|
|
369.6423 p per Share
|
200,000
|
26
November 2025
|
|
392.745 p
per Share
|
200,000
|
27
November 2025
|
|
392.745 p
per Share
|
200,000
|
28
November 2025
|
|
392.745 p
per Share
|
200,000
|
1
December 2025
|
|
|
d)
|
Aggregated information (if
any)
- Aggregated volume
- Price
|
1,500,000
£5,752,558.80
|
|
e)
|
Date of transaction
|
27 November 2024
|
|
f)
|
Place of the transaction
|
Outside of trading venue
|
Notes:
(1) The relevant
option tranche is automatically exercised and the relevant Shares
are acquired if the closing price of a Breedon ordinary share is
below or equal to the relevant exercise price for that tranche on
the option expiration date
