Last checked at 6 Sep 2019 17:12
6 September 2019
HOWDEN JOINERY GROUP PLC
(the "Company")
NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Grants under Howdens Long Term Incentive Plan ("LTIP")
The Company announces that on 5 September 2019 it granted the following restricted share awards ("Awards") over ordinary shares ("Shares") of the Company to Mark Slater, Commercial Director and a Person Discharging Managerial Responsibilities ("PDMR"), under the Company's LTIP.
Shares granted under each Award | Date of Vest |
38,241 | 31 March 2020 |
8,144 | 31 March 2020 |
34,202 | 31 March 2021 |
7,170 | 31 March 2021 |
9,924 | 31 March 2021 |
13,646 | 31 March 2022 |
Mr Slater joined the Company on 3 June 2019 and upon leaving his previous employment forfeited a number of share awards ("Previous Awards"), including performance based awards and awards of restricted shares not subject to performance conditions. Although Mr Slater is not an executive director of the Company, the Previous Awards have nevertheless been replaced with awards of forfeitable shares in line with the approved executive director remuneration policy, with equivalent remaining periods to release of the awards foregone and equivalent expected value.
The Notification of Dealing Form for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.
NOTIFICATION OF DEALING FORM | |||||||||||||||||||||||||||||||||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||||||||||||||||||||||||||||||
a) | Name | Mark Slater | |||||||||||||||||||||||||||||||||||||||||||||||||
2 | Reason for the notification | ||||||||||||||||||||||||||||||||||||||||||||||||||
a) | Position/status | PDMR | |||||||||||||||||||||||||||||||||||||||||||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||||||||||||||||||||||||||||||||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||||||||||||||||||||||||||||||||||||
a) | Name | Howden Joinery Group plc | |||||||||||||||||||||||||||||||||||||||||||||||||
b) | LEI | 213800KC1LJOJTY3JP45 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Enquiries
Forbes McNaughton, Company Secretary: 020 7535 1137