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4 Aug 2014 12:40
M J GLEESON GROUP PLC (the "Company")
Director/PDMR Shareholding
The Company has been notified today that, on 1 August 2014, the following Directors and Persons Discharging Management Responsibility sold ordinaryshares of 2 pence each ("Ordinary Shares") in the Company pursuant to the terms of a trading plan entered into on 10 July 2014. The details of the transactions are set out below:
Name | Position | Number of Ordinary Shares sold | Average price per Ordinary Share | Beneficial interest in Ordinary Shares following the sale | Beneficial interest in Ordinary Shares following the sale (%) |
Jolyon Harrison | Director | 104,302 | £3.75 | 1,449,991 | 2.70% |
Alan Martin | Director | 90,876 | £3.75 | 59,467 | 0.11% |
Scott Chamberlin | PDMR | 21,515 | £3.75 | 51,281 | 0.10% |
The principal purpose of the sales are to settle income tax and national insurance liabilities arising from the Ordinary Shares that recently vested, pursuant to the Company's performance share plan which was approved by the Company's shareholders in December 2007, as notified on the 22 July 2014.
This notification is made in accordance with DTR 3.1.4 R(1).
Enquiries:
M J Gleeson Group plc
Alan Martin Chief Financial Officer 01252 360 300
Notes to Editors
MJ Gleeson Group plc operates in the house building sector through the following business units; Gleeson Homes, which focuses on estate regeneration and housing development on brownfield land in the North of England; and Gleeson Strategic Land, which purchases options over land in the South of England with the objective of enhancing the value of the site concerned by securing residential planning permission.
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