Last checked at 10 Apr 2018 14:15
10 April 2018
Headlam Group plc
(the 'Company')
Grant of awards under the Company's Performance Share Plan
On 9 April 2018, Headlam Group plc granted awards in the form of nil-cost options over a total of 328,596 ordinary shares of 5 pence each in the Company ('Ordinary Shares') under the Company's Performance Share Plan ('PSP'), as detailed in the 2017 Annual Report and Accounts, to Senior Management Team employees and the following Executive Directors:
Director | Number of Ordinary Shares over which award granted |
Steve Wilson (Chief Executive) | 86,187 |
Tony Judge (Chief Operating Officer) | 77,114 |
Chris Payne (Chief Financial Officer) | 63,506 |
The awards have been granted subject to performance conditions based on: (1) the Company's compound annual growth in Earnings Per Share ('EPS') over a three-year performance period starting with 2018 (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). The awards are subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the three-year performance period.
The awards will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied (the 'vesting date').
The awards will be released so that the participants are entitled to acquire the vested Ordinary Shares, which for Executive Directors is following the end of a holding period requirement which shall end on the second anniversary of the vesting date.
Enquiries:
Headlam Group plc | Tel: 01675 433 000 | ||
Steve Wilson, Chief Executive Catherine Miles, Director of Communications |
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Investec Bank plc (Corporate Broker) | Tel: 020 7597 5970 | ||
Garry Levin / David Flin / Alex Wright |
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Buchanan (Financial PR and IR) | Tel: 020 7466 5000 | ||
Mark Court / Sophie Wills / Catriona Flint
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Notes for Editors:
Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.
Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.
The Company is engaged with suppliers across 16 primary countries whose products cover a significant proportion of the floorcoverings market including carpet, residential vinyl, engineered wood, laminate, luxury vinyl tiles, ceramic tiles, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.
The Company comprises 64 wholly-owned businesses in the UK and Continental Europe (UK 60, Continental Europe 4) each operating under their own trade brand and utilising their individual sales team which achieves greater market penetration.
Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.
www.headlam.com
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
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a) | Position / status | Chief Executive | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer | |||||
a) | Name | Headlam Group plc
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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 | GB0004170089 | ||||
c) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares under the Company's Performance Share Plan | ||||
d) | Price(s) and volume(s) |
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e) | Aggregated information - Volume - Price | N/A | ||||
f) | Date of the transaction | 9 April 2018 | ||||
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
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a) | Position / status | Chief Operating Officer | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer | |||||
a) | Name | Headlam Group plc
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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 | GB0004170089 | ||||
c) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares under the Company's Performance Share Plan | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Volume - Price | N/A | ||||
f) | Date of the transaction | 9 April 2018 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Chris Payne | ||||
2. | Reason for the notification
| |||||
a) | Position / status | Chief Financial 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 | GB0004170089 | ||||
c) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares under the Company's Performance Share Plan | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Volume - Price | N/A | ||||
f) | Date of the transaction | 9 April 2018 | ||||
g) | Place of the transaction | Outside a trading venue | ||||