Last checked at 28 May 2019 16:54
KIER GROUP PLC
DIRECTOR / PDMR SHAREHOLDING
Rights Issue - adjustments to awards under the Kier Group plc 2010 Long-Term Incentive Plan
On 20 December 2018, Kier Group plc (the "Company") announced that the 33 for 50 rights issue of 64,455,707 new ordinary shares in the capital of the Company ("Ordinary Shares") at 409 pence per Ordinary Share (the "Rights Issue") had closed for acceptances at 11:00 a.m. (London time) on 19 December 2018.
Certain of the Company's Directors and Persons Discharging Managerial Responsibilities ("PDMRs") hold awards of contingent rights to receive shares in the capital of the Company under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan").
On 22 May 2019, the Company's Remuneration Committee approved adjustments to the maximum numbers of Ordinary Shares held under the Plan to reflect the effect of the Rights Issue as follows:
Director / PDMR name | Adjusted number of Ordinary Shares | Expected vesting date |
Mr B E J Dew | 43,515 56,825 68,508 | 21 October 2019 23 October 2020 22 October 2021 |
Mr M F Jones (PDMR) | 11,779 | 21 October 2019 |
Mrs P J W Prongué (PDMR) | 8,122 | 21 October 2019 |
Mr H E E Raven (PDMR) | 16,541 | 21 October 2019 |
Mr C Veritiero | 40,614 53,048 68,508 | 21 October 2019 23 October 2020 22 October 2021 |
This announcement should be read in conjunction with the announcements of PDMR participation in the Rights Issue which were made on 17, 18 and 20 December 2018.
The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.
For enquiries please contact:
Beth Melges
Deputy Company Secretary
Tel: +44(0)1767 640 111
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Bev Dew | ||||||||
2 | Reason for the notification | |||||||||
a) | Position / status | Group Finance Director | ||||||||
b) | Initial notification / Amendment | Initial notification | ||||||||
3 | Details of issuer | |||||||||
a) | Name | Kier Group plc | ||||||||
b) | LEI | 2138002RKCU2OM4Y7O48 | ||||||||
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 in Kier Group plc
GB0004915632 | ||||||||
b) | Nature of the transaction
| Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
2,918 shares n/a per share
| ||||||||
e) | Date of the transaction | 2019-05-22 | ||||||||
f) | Place of the transaction
| Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Marcus Jones | ||||
2 | Reason for the notification | |||||
a) | Position / status | Finance Director Operations | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of issuer | |||||
a) | Name | Kier Group plc | ||||
b) | LEI | 2138002RKCU2OM4Y7O48 | ||||
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 in Kier Group plc
GB0004915632 | ||||
b) | Nature of the transaction
| Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
203 shares n/a per share
| ||||
e) | Date of the transaction | 2019-05-22 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Phillippa Prongué | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group Strategy & Corporate Development Director | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of issuer | |||||
a) | Name | Kier Group plc | ||||
b) | LEI | 2138002RKCU2OM4Y7O48 | ||||
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 in Kier Group plc
GB0004915632 | ||||
b) | Nature of the transaction
| Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
140 shares n/a per share
| ||||
e) | Date of the transaction | 2019-05-22 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Hugh Raven | ||||
2 | Reason for the notification | |||||
a) | Position / status | General Counsel and Company Secretary | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of issuer | |||||
a) | Name | Kier Group plc | ||||
b) | LEI | 2138002RKCU2OM4Y7O48 | ||||
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 in Kier Group plc
GB0004915632 | ||||
b) | Nature of the transaction
| Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
286 shares n/a per share
| ||||
e) | Date of the transaction | 2019-05-22 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Claudio Veritiero | ||||||||
2 | Reason for the notification | |||||||||
a) | Position / status | Chief Operating Officer | ||||||||
b) | Initial notification / Amendment | Initial notification | ||||||||
3 | Details of issuer | |||||||||
a) | Name | Kier Group plc | ||||||||
b) | LEI | 2138002RKCU2OM4Y7O48 | ||||||||
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 in Kier Group plc
GB0004915632 | ||||||||
b) | Nature of the transaction
| Adjustment to share awards held under the Kier Group plc 2010 Long-Term Incentive Plan to reflect the effect of the Rights Issue which closed on 19 December 2018. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price |
2,803 shares n/a per share
| ||||||||
e) | Date of the transaction | 2019-05-22 | ||||||||
f) | Place of the transaction
| Outside a trading venue | ||||||||