Last checked at 16 Oct 2018 17:00
16 October 2018
BREEDON GROUP plc
("Breedon" or the "Company")
Grant of SAYE Options and PDMR Dealings
The Company has granted options to the following Persons Discharging Managerial Responsibilities ("PDMRs") under the Breedon Group Irish Savings-Related Share Option Scheme (the "SAYE Scheme").
Under the terms of the SAYE Scheme, Mr Terry Lagan, Managing Director, Lagan, is committed to making contributions over a three-year period. As at 1 December 2021 these accumulated funds can then be withdrawn from the SAYE Scheme as cash or used to exercise options over Ordinary Shares of nil par value in the Company ('Ordinary Shares') which have been granted at 64.9 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. Assuming full participation in the SAYE Scheme, Mr Terry Lagan will have an option over 24,329 shares in the Company.
Under the terms of the SAYE Scheme, Mr Jude Lagan, Managing Director, Breedon Cement, is committed to making contributions over a five-year period. As at 1 December 2023 these accumulated funds can then be withdrawn from the SAYE Scheme as cash or used to exercise options over Ordinary Shares which have been granted at 59.4 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. Assuming full participation in the SAYE Scheme, Mr Jude Lagan will have an option over 44,303 shares in the Company.
Enquiries:
Breedon Group plc www.breedongroup.com
Ross McDonald, Group Services Directors 01332 694010
Stephen Jacobs, Head of Communications 07831 764592
Cenkos Securities plc (NOMAD and Joint Broker)
Max Hartley 020 7397 8900
Numis Securities (Joint Broker)
Heraclis Economides
Ben Stoop 020 7260 1000
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 - Lagan (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 Savings Related Share options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
24,329
Option price 64.9 pence | ||||
e) | Date of transaction | 12 October 2018 | ||||
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 Savings Related Share options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
44,303
Option price 59.4 pence | ||||
e) | Date of transaction | 12 October 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||