Headlam Group PLC Exercise of share options and TVR (8428E)
09 July 2019 - 12:42AM
UK Regulatory
TIDMHEAD
RNS Number : 8428E
Headlam Group PLC
08 July 2019
8 July 2019
Headlam Group plc
("Headlam" or the "Company")
Exercise of share options / Transfer of treasury shares
Headlam Group plc (LSE: HEAD), Europe's leading distributor of
floorcoverings, announces that, on 8 July 2019, share options
granted under the 2014 and 2016 grants of the Headlam Group
Save-As-You-Earn ('SAYE') share option scheme, were exercised at
the option prices of GBP3.81 and GBP4.002 per share respectively,
by certain employees of the Company.
A total of 12,575 ordinary shares have been transferred from
treasury stock for the purpose of satisfying the exercise of the
share options.
Following the above transfer of treasury stock, the Company
holds 608,991 ordinary shares as treasury shares.
The total number of ordinary shares in issue (excluding shares
held as treasury shares) is 84,754,752, with one voting right per
share. Therefore, the total number of voting rights in the Company
is 84,754,752.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
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
Notes for Editors:
Operating for 26 years and employing over 2,600 people, Headlam
is Europe's leading distributor of floorcoverings.
Headlam provides the distribution channel between suppliers and
trade customers of floorcoverings. Working in partnership with
suppliers from 22 countries manufacturing a diverse range of
floorcovering products and ancillary accessories, Headlam provides
an unparalleled route to market for their products across the UK
and certain Continental European territories.
The utilisation of an outsourced distribution channel enables
manufacturers to focus on their core activities, incur reduced
costs associated with distribution, and benefit from localised
sales, marketing and distribution expertise that provides a more
effective and greater route to market for their products.
To maximize customer and market penetration, Headlam comprises
65 individual businesses in the UK and Continental Europe (France,
the Netherlands and Switzerland) each operating under their own
unique trade brand and utilising individual sales teams.
Headlam's extensive customer base, operating within both the
residential and commercial sectors and comprising principally
independent retailers and flooring contractors, receives the
broadest product offering supported by next day delivery as well as
additional marketing and other support.
Headlam's offering is enabled through its unrivalled operating
expertise, long-established supplier and customer relationships,
and comprehensive distribution network. Following years of
considerable investment, Headlam's distribution network currently
comprises four national distribution hubs, 19 regional distribution
centres and a supporting network of smaller warehouse premises,
trade counters, showrooms and specification centres.
In 2018, Headlam worked with 199 suppliers and fulfilled over
5.3 million customer orders.
www.headlam.com
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END
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