13 April 2023
Headlam Group plc
(the 'Company')
Grant of awards under Deferred Bonus Plan ('DBP')
As detailed in the 2022 Annual Report and Accounts, under the DBP, one-third of any annual bonus amount awarded to Executive Directors is required to be deferred into a right to acquire ordinary shares in the Company at nil-cost. Following payment of the annual bonus in respect of the financial year ended 31 December 2022, on 13 April 2023, the Company granted nil-cost options to the following Executive Director:
|
Executive Director / PDMR |
Role |
Amount of Bonus Deferred (£) |
Number of ordinary shares over which options granted |
|
Chris Payne |
Chief Executive |
67,940 |
22,563 |
The 2023 DBP option will not vest until the second anniversary of the grant date, and is subject to a dividend equivalent in the form of shares, calculated on a re-investment basis. The number of ordinary shares over which the option was granted was calculated based on a share price of 301.1 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.
|
Headlam Group plc |
Tel: 01675 433 000 |
|
Chris Payne, Chief Executive |
Email: headlamgroup@headlam.com |
|
Catherine Miles, Director of IR and ESG |
|
|
Panmure Gordon (UK) Limited (Corporate Broker) |
Tel: 020 7886 2500 |
|
Tom Scrivens / Atholl Tweedie Peel Hunt LLP (Corporate Broker) |
Tel: 020 7418 8900 |
|
George Sellar / John Welch |
|
Notification and public disclosure of transactions by persons discharging managerial
responsibilities / persons closely associated with them.
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
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|
a) |
Name |
Chris Payne |
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|
2. |
Reason for the notification |
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|
a) |
Positio n / status |
Chief Executive |
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|
b) |
Initial notification / amendment |
Initial notification |
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|
3. |
Details of the issuer |
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|
a) |
Name |
Headlam Group plc |
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|
b) |
LEI |
213800I4AZZUJEYX9O90 |
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|
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 |
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|
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of £0.05 each. |
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|
b) |
Identification code |
ISIN: GB0004170089 |
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|
c) |
Nature of the transaction |
Grant of nil-cost options over Ordinary Shares under the Company's Deferred Bonus Plan |
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|
d) |
Price(s) and volume(s) |
|
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|
e) |
Aggregated information - Volume - Price |
N/A |
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|
f) |
Date of the transaction |
13 April 2023 |
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|
g) |
Place of the transaction |
Outside a trading venue |
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