Last checked at 23 Apr 2021 13:46
23 April 2021
BREEDON GROUP plc
('Breedon' or the 'Company')
Directors' and PDMRs' Dealings
The Company announces that on 23 April 2021 the following Directors and other Persons Discharging Managerial Responsibilities (PDMRs) were granted awards under the Company's Performance Share Plan in respect of the three-year performance period (2021 to 2023), to acquire the number of ordinary shares of nil par value in the Company ("Ordinary Shares") set against their names in the table below. The awards will vest on 23 April 2024, subject to the satisfaction of the undernoted performance conditions and any resulting shares will be released following a further holding period of two years from the date of vesting.
Director/PDMR | Role | Ordinary Shares subject to conditional award |
Rob Wood | Chief Executive Officer | 859,063 |
James Brotherton | Chief Financial Officer | 498,007 |
Ross McDonald | Group Services Director (PDMR) | 188,446 |
Stephen Tagg | Group Human Resources Director (PDMR) | 188,446 |
Michael Pearce | Managing Director - Breedon Materials (PDMR) | 223,107 |
Jude Lagan | Managing Director - Breedon Cement (PDMR) | 141,016 |
Terry Lagan | Managing Director - Breedon Ireland (PDMR) | 260,271 |
James Haluch | Managing Director - Breedon Contracting (PDMR) | 191,235 |
Performance measure | Weighting | Calibration of targets | Percentage of award capable of vesting | |
EPS | 50% | Company's fully diluted underlying EPS for 2023 | less than 5.3 pence equal to 5.3 pence between 5.3 pence and6.5 pence 6.5 pence or more | 0% 25% straight-line basisbetween 25% and 100% 100% |
TSR | 50% | Company's TSR performance over the three-year period covering 2021, 2022 and 2023 relative to the Company's comparator group(FTSE 250 excluding investment trusts at commencement of the performance period) | below median TSR median TSR between median and outperformance TSR outperformance TSR or better | 0% 25% straight-line basisbetween 25% and 100%
100% |
Enquiries:
Breedon Group plc www.breedongroup.com
Ross McDonald, Group Services Director 01332 694010
Robert Coates, Head of Investor Relations 07880 486329
Numis Securities (NOMAD and Joint Broker) 020 7260 1000
Ben Stoop
Oliver Hardy (NOMAD)
HSBC (Joint Broker) 020 7991 8888
Sam McLennan
Joe Weaving
Teneo (Public Relations Adviser) 020 7420 3180
Matt Denham
Claire Scicluna
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 | Rob Wood | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
859,063
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | James Brotherton | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
498,007
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Ross McDonald | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Services Director (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
188,446
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Stephen Tagg | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Human Resources Director (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
188,446
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Mike Pearce | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director - GB Materials (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
223,107
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | James Haluch | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director - GB Contracting (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
191,235
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Terry Lagan | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director - Breedon Ireland (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
260,271
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Jude Lagan | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director - Breedon Cement (PDMR) | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 |
Ordinary Shares of no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Grant of Awards under Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
141,016
Nil | ||||
e) | Date of transaction | 23 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||