TIDMHEAD

RNS Number : 3696K

Headlam Group PLC

06 July 2017

6 July 2017

Headlam Group plc

(the 'Company')

Grant of awards under the Company's 2017 Performance Share Plan ('PSP')

On 5 July 2017 Headlam Group plc granted awards in the form of nil-cost options over a total of 177,197 ordinary shares ('Ordinary Shares') under the Company's 2017 PSP, of which 134,127 were granted to the following Directors:

 
                        Number of Ordinary Shares 
 Director                over which award granted 
---------------------  -------------------------- 
 Steve Wilson (Chief 
  Executive)                     70,789 
 Tony Judge (Chief 
  Operating Officer)             63,338 
---------------------  --------------------------

Each award has been granted subject to performance conditions based on: (1) compound annual growth in Earnings Per Share over a three year performance period starting with 2017 (as regards 80% of the Ordinary Shares subject to the award); and (2) the Company's Total Shareholder Return ("TSR") over that performance period relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) (as regards 20% of the Ordinary Shares subject to the award). Each award is subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the performance period.

Each award will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied.

Each award will be released so that the participant is entitled to acquire the vested Ordinary Shares following the end of a holding period which shall end on the second anniversary of the vesting date.

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ------------------------------------------------------------ 
 a)   Name                   Steve Wilson 
---  ---------------------  ------------------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position /             Chief Executive 
       status 
---  ---------------------  ------------------------------------- 
 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            Ordinary shares of GBP0.05 each. 
       of the financial 
       instrument, 
       type of instrument 
---  ---------------------  ------------------------------------- 
 b)   Identification         ISIN: GB0004170089 
       code 
---  ---------------------  ------------------------------------- 
 c)   Nature of              Grant of nil-cost options over 
       the transaction        Ordinary Shares under the Company's 
                              2017 Performance Share Plan 
---  ---------------------  ------------------------------------- 
 d)   Price(s) and           Price(s)    Volume(s) 
       volume(s)             ----------  ---------- 
                              N/A         70,789 
                             ----------  ---------- 
---  ---------------------  ------------------------------------- 
 e)   Aggregated             N/A 
       information 
        *    Volume 
 
 
        *    Price 
---  ---------------------  ------------------------------------- 
 f)   Date of the            5 July 2017 
       transaction 
---  ---------------------  ------------------------------------- 
 g)   Place of the           Outside a trading venue 
       transaction 
---  ---------------------  ------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ------------------------------------------------------------ 
 a)   Name                   Tony Judge 
---  ---------------------  ------------------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position /             Chief Operating Officer 
       status 
---  ---------------------  ------------------------------------- 
 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            Ordinary shares of GBP0.05 each. 
       of the financial 
       instrument, 
       type of instrument 
---  ---------------------  ------------------------------------- 
 b)   Identification         ISIN: GB0004170089 
       code 
---  ---------------------  ------------------------------------- 
 c)   Nature of              Grant of nil-cost options over 
       the transaction        Ordinary Shares under the Company's 
                              2017 Performance Share Plan 
---  ---------------------  ------------------------------------- 
 d)   Price(s) and           Price(s)    Volume(s) 
       volume(s)             ----------  ---------- 
                              N/A         63,338 
                             ----------  ---------- 
---  ---------------------  ------------------------------------- 
 e)   Aggregated             N/A 
       information 
        *    Volume 
 
 
        *    Price 
---  ---------------------  ------------------------------------- 
 f)   Date of the            5 July 2017 
       transaction 
---  ---------------------  ------------------------------------- 
 g)   Place of the           Outside a trading venue 
       transaction 
---  ---------------------  -------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 06, 2017 10:44 ET (14:44 GMT)

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