Last checked at 29 May 2019 16:09
KIER GROUP PLC
DIRECTOR / PDMR SHAREHOLDING
Rights Issue - adjustments to options and awards under share schemes
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 options to acquire, or awards of, Ordinary Shares under certain of the Company's share schemes.
On 29 May 2019, the Company's board of directors approved adjustments to the maximum numbers of Ordinary Shares held under the share schemes and, for the Kier Group plc 2006 Sharesave Scheme and the Kier Group plc Sharesave Scheme 2016 (together the "Sharesave Schemes"), adjustments to the option price of the share options held under the Sharesave Schemes, in each case to reflect the effect of the Rights Issue.
Details of the adjusted options and awards are as follows:
Sharesave Schemes
Director / PDMR name | Adjusted number of Ordinary Shares1 | Adjusted exercise price per Ordinary Share (pence) | Exercise period |
Mr B E J Dew | 1,596 | 1,127.16 | 1 December 2018 - 31 May 2019 |
Mr M F Jones (PDMR) | 638 931 | 1,127.16 966.00 | 1 December 2018 - 31 May 2019 1 December 2020 - 31 May 2021 |
Mr S D Martle (PDMR) | 931 | 966.00 | 1 December 2020 - 31 May 2021 |
Mrs P J W Prongué (PDMR) | 472 322 931 703 | 1,127.16 1,135.02 966.00 756.68 | 1 December 2018 - 31 May 2019 1 December 2019 - 31 May 2020 1 December 2020 - 31 May 2021 1 December 2021 - 31 May 2022 |
(1) Assumes that each participant continues to save at the current rate for the full savings period.
Kier Group plc Conditional Share Award Plan 2017
PDMR name | Adjusted number of Ordinary Shares | Expected vesting date |
Mr M F Jones | 8,013 10,658 | 23 October 2020 22 October 2021 |
Mr S D Martle | 8,487 10,539 | 23 October 2020 22 October 2021 |
Mrs P J W Prongué | 5,297 11,084 | 23 October 2020 22 October 2021 |
Mr H E E Raven | 10,821 13,440 | 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 options held under the Kier Group plc 2006 Sharesave Scheme 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 |
27 shares n/a per share
| ||||
e) | Date of the transaction | 2019-05-29 | ||||
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 options held under the Kier Group plc 2006 Sharesave Scheme and the Kier Group plc Sharesave Scheme 2016 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 |
27 shares n/a per share
| ||||||
e) | Date of the transaction | 2019-05-29 | ||||||
f) | Place of the transaction
| Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Simon Martle | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group Financial Controller | ||||
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 options held under the Kier Group plc Sharesave Scheme 2016 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 |
16 shares n/a per share
| ||||
e) | Date of the transaction | 2019-05-29 | ||||
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 options held under the Kier Group plc 2006 Sharesave Scheme and the Kier Group plc Sharesave Scheme 2016 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 |
41 shares n/a per share
| ||||||||||
e) | Date of the transaction | 2019-05-29 | ||||||||||
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 Conditional Share Award Plan 2017 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 |
322 shares n/a per share
| ||||||
e) | Date of the transaction | 2019-05-29 | ||||||
f) | Place of the transaction
| Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Simon Martle | ||||||
2 | Reason for the notification | |||||||
a) | Position / status | Group Financial Controller | ||||||
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 Conditional Share Award Plan 2017 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 |
328 shares n/a per share
| ||||||
e) | Date of the transaction | 2019-05-29 | ||||||
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 Conditional Share Award Plan 2017 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 |
282 shares n/a per share
| ||||||
e) | Date of the transaction | 2019-05-29 | ||||||
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 Conditional Share Award Plan 2017 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 |
419 shares n/a per share
| ||||||
e) | Date of the transaction | 2019-05-29 | ||||||
f) | Place of the transaction
| Outside a trading venue | ||||||