Last checked at 6 Apr 2016 15:40
6 April 2016
BREEDON AGGREGATES LIMITED
(the "Company")
Directors' Dealings
The Company announces that on 6 April 2016 the following directors of the Company (the "Executive Directors") were granted awards under the Company's Performance Share Plans ("PSPs") to acquire the number of ordinary shares of nil par value in the Company ("Ordinary Shares") set against their names below. The awards are expected to vest on 6 April 2019, subject to the satisfaction of a performance condition based on underlying EPS growth being significantly in excess of growth in RPI over the three year period ending on 31 December 2018.
Director | Ordinary Shares granted |
Peter Tom CBE* | 531,914 |
Pat Ward | 709,219 |
Rob Wood | 425,531 |
· The award to Peter Tom CBE was granted to Rise Rocks Limited, a company in which Mr Tom has a beneficial interest, which provides the services of Mr Tom as Chairman to the Company and was structured as an option at an option price equal to 1 pence per Ordinary Share. Once vested the option may be exercised at any time up to the 4th anniversary of the date of grant. The awards to Pat Ward and Rob Wood were structured as conditional awards.
As at the date of this announcement the Executive Directors also have the following further interests in Ordinary Shares arising from previous awards made under the PSPs:
Director | Ordinary Shares |
Peter Tom CBE | 1,402,196 |
Pat Ward | nil |
Rob Wood | 1,010,989 |
In addition, the following Executive Directors also have interests in the following Ordinary Shares:
Director | Ordinary Shares | Percentage of Issued Share Capital |
Peter Tom CBE | 48,091,867 | 4.18% |
Rob Wood | 100,000 | 0.01% |
For further information:
Breedon Aggregates Limited
Pat Ward, Group Chief Executive 01332 694010
Rob Wood, Group Finance Director
Stephen Jacobs, Head of Communications 07831 764592
Cenkos Securities plc (NOMAD & joint broker)
Max Hartley 020 7397 8900
Peel Hunt (Joint Broker)
Justin Jones / Mike Bell 020 7418 8900