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26 Apr 2017 16:16
HENRY BOOT PLC
('Henry Boot', 'the Company' or 'the Group')
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities
LTIP Award of Grant of Options
Henry Boot PLC (BOOT.L) announces that on 24 April 2017, the Company granted nil-cost options over a total of 433,510 ordinary shares of 10 pence each ("Shares") pursuant to the Henry Boot PLC Long Term Incentive Plan 2015 ("LTIP") to the Company's Executive Directors and PDMRs, as set out below.
Name | Position | LTIP - Maximum number of Shares subject to options awarded on 24 April 2017 | * LTIP - Maximum total number of Shares under options outstanding | Company Share Option Plan - Total number of Shares under options outstanding | Sharesave Plan - Total number of Shares under options outstanding |
John Sutcliffe | Chief Executive Officer | 160,665 | 561,409 | - | - |
Darren Littlewood | Group Finance Director | 72,554 | 143,109 | 10,000 | 10,465 |
David Anderson | Managing Director | 44,204 | 84,884 | - | 10,465 |
Giles Boot | Managing Director | 30,730 | 59,538 | - | 10,465 |
Simon Carr | Managing Director | 41,095 | 79,725 | - | 10,465 |
Russell Deards | Company Secretary | 37,985 | 64,216 | - | 10,465 |
Nick Duckworth | Managing Director | 46,277 | 90,247 | - | - |
* includes previous maximum number of Shares under LTIP options granted on 7 May 2014, 1 June 2015 and 21 April 2016.
The vesting of the LTIP options granted on 24 April 2017 are subject to the satisfaction of performance criteria based on the Company's Total Shareholder Return, ROCE and EPS growth above inflation growth, measured over a three-year period ending on 31 December 2019 (in line with the Directors' Remuneration Policy adopted at the Company's Annual General Meeting in 2015), and are expected to vest in June 2020.
The total number of Shares over which nil-cost options were granted on 24 April 2017 represents approximately 0.328% of the Company's issued ordinary share capital.
The above transactions took place in the United Kingdom.
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | John Sutcliffe - Chief Executive officer Darren Littlewood - Group Finance Director David Anderson - Managing Director Giles Boot - Managing Director Simon Carr - Managing Director Russell Deards - Company Secretary Nick Duckworth - Managing Director | ||||
- | Reason for the notification | |||||
a) | Position/status | See 1(a) above - all classed as PDMRs of the Company | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Henry Boot PLC | ||||
b) | LEI | n/a | ||||
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 the financial instrument, type of instrument Identification code |
| ||||
b) | Nature of the transaction | Grant of options over ordinary shares | ||||
c) | Price(s) and volume(s) |
John Sutcliffe - options over 160,665 ordinary shares Darren Littlewood - options over 72,554 ordinary shares David Anderson - options over 44,204 ordinary shares Giles Boot - options over 30,730 ordinary shares Simon Carr - options over 41,095 ordinary shares Russell Deards - options over 37,985 ordinary shares Nick Duckworth - options over 46,277 ordinary shares
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 24 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries to:
Henry Boot PLC
Russell Deards, Company Secretary
Tel: 0114 255 5444
www.henryboot.co.uk
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