Business
Performance Share Plan award to Directors & PDMRs
Performance Share Plan award to Directors & PDMRs.
About this update from Mj Gleeson Plc
[{"type":"text","content":"\n \n \n \n MJ GLEESON plc\n \n \n \n \n Incorporated in England and Wales\n \n \n \n \n Registration number: 09268016\n \n \n \n \n LEI: 21380064K7N2W7FD6434\n \n \n \n \n ISIN: GB00BRKD9Z53\n \n \n \n \n \n \n \n \n \n 27 February 2023\n \n \n \n \n \n \n \n MJ Gleeson Plc\n \n \n (\"the Company\")\n \n \n \n \n \n Performance Share Plan award to Directors and PDMRs\n \n \n \n \n \n The Company announces that on 22 February 2023, under the Company's Long Term Incentive Plan (the \"Plan\"), the Directors and Persons Discharging Management Responsibilities (\"PDMR\") listed below were granted nil-cost share options (the \"Options\") over an aggregate of 333,064 Ordinary shares of 2p each in the Company.\n \n \n \n \n \n No consideration was paid for the grant of the Options.\n \n \n \n \n \n \n \n \n \n \n DIRECTOR / PDMR\n \n \n \n \n \n \n Number of Shares subject to Option\n \n \n \n \n \n \n Share Price on Grant\n \n \n \n \n \n \n \n Graham Prothero (Chief Executive Officer)\n \n \n \n \n \n \n \n \n \n 296,053\n \n \n \n \n 456p (being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 21 February 2023)\n \n \n \n \n \n \n Guy Gusterson (Managing Director, Gleeson Land)\n \n \n \n \n 37,011\n \n \n \n \n 394p (being the\n mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 19 October 2022, in accordance with equivalent grants made on 20 October 2022)\n \n \n \n \n \n \n \n \n \n Vesting of the Options is conditional upon the achievement of certain performance targets over the three-year performance period ending 30 June 2025, in accordance with the rules of the Plan. The Options granted to Graham Prothero were granted in accordance with the Company's Directors' Remuneration Policy as approved by shareholders at the 2022 AGM, and further details of the Options (including in relation to the applicable performance targets) are disclosed in the Company's FY22 Annual Report. \n \n \n \n \n \n The Options will vest and will be capable of exercise (subject to achievement of the applicable performance targets) as follows:\n \n \n \n \n \n \n \n \n \n \n DIRECTOR / PDMR\n \n \n \n \n \n \n Vesting period\n \n \n \n \n \n \n Anticipated Vesting Date\n \n...