Last checked at 1 Nov 2023 12:24
1 NOVEMBER 2023
KIER GROUP PLC
Notifications of transactions by persons discharging managerial responsibilities
Kier Group plc (the "Company") announces that:
i) on 30 October 2023, beneficial interests in the ordinary shares of 1 pence each in the capital of the Company ("Shares") were awarded to persons discharging managerial responsibilities ("PDMRs") in connection with the Company's bonus arrangements for the financial year ended 30 June 2023 (the "Deferred Bonus"); and
ii) on 31 October 2023, grants of options for Shares ("Sharesave Options") were made to the PDMRs and persons closely associated with them ("PCAs") under the Kier Group plc Sharesave Scheme 2016. The three-year savings contract will commence on 1 December 2023 and the share price applicable to the options is £0.90 per Share.
Details of these transactions are set out in the table below.
PDMR/PCA | Number of Shares awarded under the Deferred Bonus on 30 October 2023 | Number of Sharesave Options granted on 31 October 2023 |
Mr A O B Davies1 | 151,809 | 3,091 |
Mr S J Kesterton1 | 106,070 | 3,091 |
Ms A Amar | 24,289 | n/a |
Mr A W Bradshaw | 25,261 | 3,091 |
Ms H Bradshaw (PCA) | n/a | 3,091 |
Ms L Finlay | 8,906 | 3,091 |
Mr G Incutti | 31,537 | 3,091 |
Mr L P Thomas | 31,537 | n/a |
Ms S Timms | 9,157 | 2,061 |
Mr S J Togwell | 54,667 | n/a |
1 Following the acquisition of these Shares, Mr Davies and Mr Kesterton will own 1,196,238 and 828,249 Shares, representing 0.27% and 0.19% of the Company's issued share capital, respectively.
The numbers of Shares awarded under the Deferred Bonus referred to above represent the vested Shares allocated to each PDMR following deductions for income tax and national insurance contributions. For tax purposes, the market value of a Share for the Deferred Bonus was £0.995, being the closing price of a Share on 27 October 2023. No consideration was paid for the acquisition of these Shares. Legal title to the Deferred Bonus Shares will be held on trust by the Kier Group 1999 Employee Benefit Trust (the "Trustee"). The Trustee will hold the Shares on trust for such individuals until 30 October 2026 (subject to the rules of the bonus arrangements).
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
151,809 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
3,091 shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
106,070 shares Nil
| |||||
e) | Date of the transaction | 2023-10-30 | |||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
3,091 shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
24,289 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
25,261 shares Nil
| ||||
e) | Date and time of the transaction | 2023-10-30 | ||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
3,091 shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Hannah Bradshaw, PCA | |||||
2 | Reason for the notification | ||||||
a) | Position / status | PCA to PDMR | |||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
3,091 shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
8,906 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
3,091 shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
31,537 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
3,091shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
31,537 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
9,157 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
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
| Grant of options under the Kier Group plc Sharesave Scheme 2016 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
2,061 shares £0.90 per share
| |||||
e) | Date of the transaction | 2023-10-31 | |||||
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
| Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2023. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
54,667 shares Nil
| |||||
e) | Date and time of the transaction | 2023-10-30 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||