Headlam Group PLC Grant of awards under the Company's PSP (4477E)
June 29 2023 - 11:14AM
UK Regulatory
TIDMHEAD
RNS Number : 4477E
Headlam Group PLC
29 June 2023
29 June 2023
Headlam Group plc
(the 'Company')
Grant of awards under the Company's Performance Share Plan
('PSP')
On 29 June 2023, the Company granted awards in the form of
nil-cost options over a total of 775,782 ordinary shares in the
Company under the Company's PSP, including 404,812 to the following
Executive Directors and Persons Discharging Managerial
Responsibility ('PDMR'):
Executive Director/ Position Number of ordinary
PDMR shares over which
PSP awards granted
Chris Payne Chief Executive 277,669
Adam Phillips Chief Financial Officer 127,143
As detailed on page 162 of the 2022 Annual Report and Accounts,
the PSP awards vest dependent on the achievement of performance
conditions against the following measures:
- underlying Earnings Per Share performance (70%)
- relative Total Shareholder Return (20%); and
- reduction in greenhouse gas emissions (10%).
The performance conditions will be measured over a three-year
performance period.
The Company's Remuneration Committee will have full discretion
to ensure that the final outcome is warranted based on the
performance of the Company in the light of all relevant factors to
ensure there have been no windfall gains.
PSP awards granted to Executive Directors are additionally
subject to a two-year holding period following the date of vesting
during which a dividend equivalent will accrue in the form of
additional shares to the extent the awards vest, as calculated on a
re-investment basis.
The number of ordinary shares over which the PSP awards were
granted was based on a share price of 256.60 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, which are also subject to the Malus and Clawback
conditions of the PSP, will ordinarily vest on the latest of three
years following the date of grant or the date on which the
Company's Remuneration Committee determines the extent to which the
performance conditions have been satisfied.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Chris Payne, Chief Executive Email: headlamgroup@headlam.com
Adam Phillips, Chief Financial
Officer
Catherine Miles, Director of IR
and ESG
Panmure Gordon (UK) Limited (Corporate Tel: 020 7886 2500
Broker)
Tom Scrivens / Atholl Tweedie
Peel Hunt LLP (Corporate Broker) Tel: 020 7418 8900
George Sellar / John Welch
1. Details of PDMR / person closely associated with them
("PCA ")
a) Name Chris Payne
------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Positio n / 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, t
ype 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 277,669
----------
------------------------- ----------------------------------------
e) Aggregated information N/A
* Volume
* Price
------------------------- ----------------------------------------
f) Date of the transaction 29 June 2023
------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
------------------------- ----------------------------------------
1. Details of PDMR / person closely associated with them
("PCA ")
a) Name Adam Phillips
------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Positio n / 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, t
ype 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 127,143
----------
------------------------- ----------------------------------------
e) Aggregated information N/A
* Volume
* Price
------------------------- ----------------------------------------
f) Date of the transaction 29 June 2023
------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
------------------------- ----------------------------------------
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END
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