Headlam Group PLC Performance Share Plan awards (8761V)
11 April 2019 - 5:00PM
UK Regulatory
TIDMHEAD
RNS Number : 8761V
Headlam Group PLC
11 April 2019
11 April 2019
Headlam Group plc
(the 'Company')
Grant of awards under the Company's Performance Share Plan
('PSP')
On 10 April 2019, the Company granted awards in the form of
nil-cost options over a total of 304,260 ordinary shares of 5 pence
each in the Company ('Ordinary Shares') under the Company's PSP,
including to the following Executive Directors:
Number of Ordinary Shares over
Executive Director which award granted
Steve Wilson (Chief Executive) 86,459
Chris Payne (Chief Financial
Officer) 63,707
The number of Ordinary Shares over which the awards were granted
was calculated based on a share price of 448.3 pence per Ordinary
Share, being the average mid-market closing share price for the
five business days prior to the grant date, as derived from the
London Stock Exchange Daily Official List.
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
2019 (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 underpin performance condition that the extent
of vesting reflects the overall financial performance of the
Company over the three-year performance period.
The awards, which are subject to the Malus and Clawback
conditions of the PSP, 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 to the Executive Directors are further subject to an
additional two-year holding period from the Vesting Date. During
the holding period these shares will accrue a dividend equivalent
in the form of shares, calculated on a re-investment basis.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive Email: headlamgroup@headlam.com
Chris Payne, Chief Financial Officer
Catherine Miles, Director of Communications
Investec Bank plc (Corporate Broker) Tel: 020 7597 5970
David Flin / Alex Wright
Panmure Gordon (UK) Limited (Corporate Tel: 020 7886 2500
Broker)
Erik Anderson / Dominic Morley
/ Ailsa MacMaster
Buchanan (Financial PR and IR) Tel: 020 7466 5000
Mark Court / Sophie Wills / Catriona
Flint
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 / status Chief Executive
------------------------- ----------------------------------------
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 of Ordinary shares of GBP0.05 each.
the financial
instrument, type
of instrument
------------------------- ----------------------------------------
b) Identification ISIN: GB0004170089
code
------------------------- ----------------------------------------
c) Nature of the Grant of nil-cost options over Ordinary
transaction Shares under the Company's Performance
Share Plan
------------------------- ----------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) N/A 86,459
----------
------------------------- ----------------------------------------
e) Aggregated information N/A
* Volume
* Price
------------------------- ----------------------------------------
f) Date of the transaction 10 April 2019
------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
------------------------- ----------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Chris Payne
------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position / status Chief Financial Officer
------------------------- ----------------------------------------
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 of Ordinary shares of GBP0.05 each.
the financial
instrument, type
of instrument
------------------------- ----------------------------------------
b) Identification ISIN: GB0004170089
code
------------------------- ----------------------------------------
c) Nature of the Grant of nil-cost options over Ordinary
transaction Shares under the Company's Performance
Share Plan
------------------------- ----------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) N/A 63,707
----------
------------------------- ----------------------------------------
e) Aggregated information N/A
* Volume
* Price
------------------------- ----------------------------------------
f) Date of the transaction 10 April 2019
------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
------------------------- ----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
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END
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