Business
Exercise of Options, TVR & Director/PDMR Dealings
Exercise of Options, TVR & Director/PDMR Dealings.
About this update from Mj Gleeson Plc
[{"type":"text","content":"\n \nRNS Number : 6985S MJ Gleeson PLC 04 October 2017 \n\n \n \n \n4 October 2017\nMJ Gleeson plc (\"Gleeson\" or the \"Company\")\nExercise of Options, TVR and Director/PDMR Dealings \nThe Company announces that on 3 October, Joylon Harrison and Scott Chamberlin, Chief Executive Officer of the Company and Managing Director of Gleeson Strategic Land, respectively, and certain other employees of the Company, have exercised options at 2 pence per share over 467,258 ordinary shares of 2 pence each in the capital of the Company (\"New Shares\") (\"Ordinary Shares\") in connection with the Company's Long Term Incentive Plan (\"LTIP\") which were granted on 1 October 2014.\n\n\n\n\nPDMR\n\n\nExercise of Options by a PDMR\n\n\n\n\nJoylon Harrison, Chief Executive Officer\n\n\n290,769\n\n\n\n\nScott Chamberlin, Managing Director, Gleeson Strategic Land\n\n\n39,577\n\n\n\n\n \nApplication has been made for the admission to trading of the new Ordinary Shares, which rank pari passu in all respect with the Company's existing Ordinary Shares, on the Main Market of the London Stock Exchange and to listing on the Official List of the UKLA, with dealings expected to commence on or around 10 October 2017.\nFollowing issue of the New Shares, the Company's total issued share capital will consist of 54,587,753 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 54,587,753 which 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\nSubsequent to the exercise and issue of the New Shares, the Company has been notified that Jolyon Harrison sold 131,239 Ordinary Shares at an average price of 666.05 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options. Following the exercise and the sale, Jolyon Harrison's shareholdings, including those held by Related Persons is 1,893,749 Ordinary Shares in the Company, represe...