Headlam Group PLC Performance Share Plan awards (4582K)
10 April 2018 - 11:15PM
UK Regulatory
TIDMHEAD
RNS Number : 4582K
Headlam Group PLC
10 April 2018
10 April 2018
Headlam Group plc
(the 'Company')
Grant of awards under the Company's Performance Share Plan
On 9 April 2018, Headlam Group plc granted awards in the form of
nil-cost options over a total of 328,596 ordinary shares of 5 pence
each in the Company ('Ordinary Shares') under the Company's
Performance Share Plan ('PSP'), as detailed in the 2017 Annual
Report and Accounts, to Senior Management Team employees and the
following Executive Directors:
Director Number of Ordinary
Shares over which
award granted
--------------------- -------------------
Steve Wilson (Chief
Executive) 86,187
--------------------- -------------------
Tony Judge (Chief
Operating Officer) 77,114
--------------------- -------------------
Chris Payne (Chief
Financial Officer) 63,506
--------------------- -------------------
The awards have been granted subject to performance conditions
based on: (1) the Company's compound annual growth in Earnings Per
Share ('EPS') over a three-year performance period starting with
2018 (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 awards are
subject to a further performance condition that the extent of
vesting reflects the overall financial performance of the Company
over the three-year performance period.
The awards 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 'vesting
date').
The awards will be released so that the participants are
entitled to acquire the vested Ordinary Shares, which for Executive
Directors is following the end of a holding period requirement
which shall end on the second anniversary of the vesting date.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive
Catherine Miles, Director
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 Wills
/ Catriona Flint
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 PDMRs and
persons closely associated with them
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------
a) Name Steve Wilson
--- --------------------- -------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position / Chief Executive
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
Performance Share Plan
--- --------------------- -------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 86,187
---------- ----------
--- --------------------- -------------------------------------
e) Aggregated N/A
information
* Volume
* Price
--- --------------------- -------------------------------------
f) Date of the 9 April 2018
transaction
--- --------------------- -------------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- -------------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
--- ------------------------------------------------------------
a) Name Tony Judge
--- --------------------- -------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position / Chief Operating 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
Performance Share Plan
--- --------------------- -------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 77,114
---------- ----------
--- --------------------- -------------------------------------
e) Aggregated N/A
information
* Volume
* Price
--- --------------------- -------------------------------------
f) Date of the 9 April 2018
transaction
--- --------------------- -------------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- -------------------------------------
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
Performance Share Plan
--- --------------------- -------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 63,506
---------- ----------
--- --------------------- -------------------------------------
e) Aggregated N/A
information
* Volume
* Price
--- --------------------- -------------------------------------
f) Date of the 9 April 2018
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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