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Last checked at 
6 Jul 2017 15:44
6 July 2017
Headlam Group plc
(the 'Company')
Grant of awards under the Company's 2017 Performance Share Plan ('PSP')
On 5 July 2017 Headlam Group plc granted awards in the form of nil-cost options over a total of 177,197 ordinary shares ('Ordinary Shares') under the Company's 2017 PSP, of which 134,127 were granted to the following Directors:
Director | Number of Ordinary Shares over which award granted |
Steve Wilson (Chief Executive) | 70,789 |
Tony Judge (Chief Operating Officer) | 63,338 |
Each award has been granted subject to performance conditions based on: (1) compound annual growth in Earnings Per Share over a three year performance period starting with 2017 (as regards 80% of the Ordinary Shares subject to the award); and (2) the Company's Total Shareholder Return ("TSR") over that performance period relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) (as regards 20% of the Ordinary Shares subject to the award). Each award is subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the performance period.
Each award will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied.
Each award will be released so that the participant is entitled to acquire the vested Ordinary Shares following the end of a holding period which shall end on the second anniversary of the vesting date.
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Steve Wilson | ||||
2. | Reason for the notification
| |||||
a) | Position / status | Chief Executive | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer | |||||
a) | Name | Headlam Group plc
| ||||
b) | LEI | 213800I4AZZUJEYX9O90 | ||||
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 | Ordinary shares of £0.05 each. | ||||
b) | Identification code | ISIN: GB0004170089 | ||||
c) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares under the Company's 2017 Performance Share Plan | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Volume - Price | N/A | ||||
f) | Date of the transaction | 5 July 2017 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Tony Judge | ||||
2. | Reason for the notification
| |||||
a) | Position / status | Chief Operating Officer | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer | |||||
a) | Name | Headlam Group plc
| ||||
b) | LEI | 213800I4AZZUJEYX9O90 | ||||
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 | Ordinary shares of £0.05 each. | ||||
b) | Identification code | ISIN: GB0004170089 | ||||
c) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares under the Company's 2017 Performance Share Plan | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Volume - Price | N/A | ||||
f) | Date of the transaction | 5 July 2017 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
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