Headlam Group PLC Option exercise and Transfer of treasury shares (4411R)
October 29 2019 - 2:37AM
UK Regulatory
TIDMHEAD
RNS Number : 4411R
Headlam Group PLC
29 October 2019
29 October 2019
Headlam Group plc
('Headlam' or the 'Company')
Exercise of share options / Transfer of treasury shares
Headlam Group plc (LSE: HEAD), Europe's leading floorcoverings
distributor, announces that, on 28 October 2019, share options
granted under the 2016 and 2018 grants of the Headlam Group
Save-As-You-Earn ('SAYE') share option scheme were exercised at the
option prices of GBP4.002 and GBP3.54 per share respectively by
certain employees of the Company.
A total of 2,309 ordinary shares have been transferred from
treasury stock for the purpose of satisfying the exercise of the
share options.
Following the above transfer of treasury stock, the Company
holds 563,418 ordinary shares as treasury shares.
The total number of ordinary shares in issue (excluding shares
held as treasury shares) is 84,800,325 with one voting right per
share. Therefore, the total number of voting rights in the Company
is 84,800,325.
The above figure 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 to
their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive Email: headlamgroup@headlam.com
Chris Payne, Chief Financial Officer
Catherine Miles, Director of Communications
Investec Bank plc (Corporate Broker) Tel: 020 7597 5970
David Flin / Alex Wright
Panmure Gordon (UK) Limited (Corporate Tel: 020 7886 2500
Broker)
Erik Anderson / Dominic Morley
/ Ailsa Macmaster
Buchanan (Financial PR and IR) Tel: 020 7466 5000
Mark Court / Toto Berger
Notes for Editors:
Operating for 27 years and employing over 2,600 people, Headlam
is Europe's leading floorcoverings distributor.
Headlam provides the distribution channel between suppliers and
trade customers of floorcoverings. Working in partnership with
suppliers from 22 countries manufacturing a diverse range of
floorcovering products and ancillary accessories, Headlam provides
an unparalleled route to market for their products across the UK
and certain Continental European territories.
The utilisation of an outsourced distribution channel enables
manufacturers to focus on their core activities, incur reduced
costs associated with distribution, and benefit from localised
sales, marketing and distribution expertise that provides a more
effective and greater route to market for their products.
To maximize customer and market penetration, Headlam comprises
66 individual businesses in the UK and Continental Europe (France,
the Netherlands and Switzerland) each operating under their own
unique trade brand and utilising individual sales teams.
Headlam's extensive customer base, operating within both the
residential and commercial sectors and comprising principally
independent retailers and flooring contractors, receives the
broadest product offering supported by next day delivery as well as
additional marketing and other support.
Headlam's offering is enabled through its unrivalled operating
expertise, long-established supplier and customer relationships,
and comprehensive distribution network. Following years of
considerable investment, Headlam's distribution network currently
comprises four national distribution hubs, 19 regional distribution
centres and a supporting network of smaller warehouse premises,
trade counters, showrooms and specification centres.
In 2018, Headlam worked with 199 suppliers and fulfilled over
5.3 million customer orders.
www.headlam.com
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END
MSCLIFVDISLAFIA
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