Headlam Group PLC Grant of Award under the Company's 2017 PSP (7687R)
26 September 2017 - 4:01PM
UK Regulatory
TIDMHEAD
RNS Number : 7687R
Headlam Group PLC
26 September 2017
26 September 2017
Headlam Group plc
(the "Company")
Grant of award under the Company's 2017 Performance Share Plan
("PSP")
On 25 September 2017, Headlam Group plc granted an award in the
form of nil-cost options over ordinary shares ("Ordinary Shares")
under the PSP to the following Director:
Director Number of Ordinary
Shares over which
award granted
--------------------- -------------------
Chris Payne (Chief
Financial Officer) 48,435
--------------------- -------------------
The award has been granted subject to performance conditions
based on: (1) compound annual growth in Earnings Per Share over a
three year performance period starting with 2017 (as regards 80% of
the Ordinary Shares subject to the award); and (2) the Company's
Total Shareholder Return ("TSR") over that performance period
relative to the TSRs of the constituents of the FTSE SmallCap Index
(excluding investment trusts) (as regards 20% of the Ordinary
Shares subject to the award). The award is subject to a further
performance condition that the extent of vesting reflects the
overall financial performance of the Company over the performance
period.
The award will, ordinarily, vest on the date on which the
Company's Remuneration Committee determines the extent to which the
performance conditions have been satisfied.
The award will be released so that the participant is entitled
to acquire the vested Ordinary Shares following the end of a
holding period which shall end on the second anniversary of the
vesting date.
Enquiries:
Headlam Group plc
Steve Wilson, Chief Executive Tel: 01675 433 000
Catherine Miles, Director Tel: 01675 433 006
of Communications
Investec Bank plc (Corporate Tel: 020 7597 5970
Broker)
Garry Levin / David Flin
/ Alex Wright
Buchanan (Financial PR and Tel: 020 7466 5000
IR)
Mark Court / Sophie Cowles
/ Catriona Flint
Notes for Editors:
Headlam is Europe's largest distributor of floorcoverings having
grown significantly via organic growth and acquisition since
1992.
Headlam 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 countries whose
products cover a significant proportion of the floorcoverings
market (including carpet, residential vinyl, wood, laminate, luxury
vinyl tile, underlay and commercial flooring). The Company's
customers are within the residential and commercial sectors and
comprise principally independent retailers and flooring
contractors.
The Company currently comprises 61 wholly-owned businesses in
the UK and Continental Europe each operating under their own trade
brand and utilising their individual sales team which achieves a
greater reach into the customer base.
Each of the businesses is supported by the Company's centralised
and financial resources and extensive distribution network across
the UK and Continental Europe that comprises four distribution
hubs, 18 distribution centres, 60 trade counters and a corporate
showroom.
Notification and public disclosure of transactions by PDMRs and
persons closely associated with them
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------
a) Name Chris Payne
--- --------------------- -------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position / Chief Financial Officer
status
--- --------------------- -------------------------------------
b) Initial notification Initial notification
/ amendment
--- --------------------- -------------------------------------
3. Details of the issuer
--- ------------------------------------------------------------
a) Name Headlam Group plc
--- --------------------- -------------------------------------
b) LEI 213800I4AZZUJEYX9O90
--- --------------------- -------------------------------------
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 Ordinary shares of GBP0.05 each.
of the financial
instrument,
type of instrument
--- --------------------- -------------------------------------
b) Identification GB0004170089
code
--- --------------------- -------------------------------------
c) Nature of Grant of nil-cost options over
the transaction Ordinary Shares under the Company's
2017 Performance Share Plan
--- --------------------- -------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 48,435
---------- ----------
--- --------------------- -------------------------------------
e) Aggregated N/A
information
* Volume
* Price
--- --------------------- -------------------------------------
f) Date of the 25 September 2017
transaction
--- --------------------- -------------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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