Last checked at 19 Dec 2023 15:57
19 DECEMBER 2023
KIER GROUP PLC
Notification of transactions by persons discharging managerial responsibilities
Kier Group plc (the "Company") announces that on 18 December 2023, the persons discharging managerial responsibilities ("PDMRs") referred to below were allocated ordinary shares of 1 pence each in the capital of the Company ("Shares"), as a result of the vesting of awards made to them in December 2020 under the Kier Group plc 2020 Long-Term Incentive Plan (the "LTIP Vesting").
The numbers of Shares referred to below represent the vested Shares allocated to each PDMR following deductions for income tax and national insurance contributions due on the release of the Shares.
PDMR | Number of Shares allocated under LTIP Vesting on18 December 2023 |
Mr A O B Davies1 | 332,344 |
Mr S J Kesterton1 | 270,623 |
Ms A Amar | 55,219 |
Mr A W Bradshaw | 46,403 |
Ms L Finlay | 52,590 |
Mr G Incutti | 82,172 |
Mr M R Pengelly | 98,606 |
Mr L P Thomas | 88,024 |
Ms S Timms | 22,342 |
Mr S J Togwell | 103,537 |
1 Following the acquisition of these Shares, Mr Davies and Mr Kesterton will own 1,528,582 and 1,098,872 Shares, representing 0.34% and 0.25% of the Company's issued share capital, respectively.
For tax purposes, the market value of a Share for the LTIP Vesting was £1.05, being the closing price of a Share on 15 December 2023. No consideration was paid for the acquisition of these Shares. The Shares acquired by Mr Davies and Mr Kesterton under the LTIP Vesting are subject to a two-year post-vesting holding period. The LTIP Vesting was subject to the satisfaction of certain performance criteria over a three-year performance period which ran from 1 July 2020 to 30 June 2023.
The following notifications are made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.
For enquiries please contact:
Jaime Tham
Company Secretary
07801 975672
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Andrew Davies | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Chief Executive | |||||
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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
332,344 shares Nil
| |||||
e) | Date and time of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Simon Kesterton | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Chief Financial 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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
270,623 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Alpna Amar | |||||
2 | Reason for the notification | ||||||
a) | Position / status | 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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
55,219 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Bradshaw | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group Managing Director - Natural Resources, Nuclear & Networks | ||||
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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
46,403 shares Nil
| ||||
e) | Date and time of the transaction | 2023-12-18 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Louisa Finlay | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Chief People 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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
52,590 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Giuseppe Incutti | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Group Managing Director - Transportation | |||||
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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
82,172 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Mark Pengelly | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Managing Director - EKFB | |||||
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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
98,606 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Leigh Thomas | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Group Managing Director - Property | |||||
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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
88,024 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Sophie Timms | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Corporate Affairs 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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
22,342 shares Nil
| |||||
e) | Date and time of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Stuart Togwell | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Group Managing Director - Construction | |||||
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
| Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
103,537 shares Nil
| |||||
e) | Date of the transaction | 2023-12-18 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||