17 Mar 2020 09:55
17 MARCH 2020
KIER GROUP PLC
Notification of transactions by persons discharging managerial responsibilities
Grant of Award under the Kier Group plc Long-Term Incentive Plan
Kier Group plc (the "Company") announces that, on 16 March 2020, an award of contingent rights to receive a maximum of 368,526 shares in the capital of the Company has been made to Mr. Liam Cummins (a person discharging managerial responsibilities) under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan"). The award was made at no cost to the individual and, subject to the satisfaction of the performance targets and the rules of the Plan, will vest on 16 March 2023.
The price used for the purpose of calculating these awards was 92.90 pence, being the closing middle market quotation of a share in the capital of the Company on 13 March 2020.
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:
Phil Higgins
Deputy Company Secretary
Tel: 07562 210903
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Liam Cummins | ||||
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 contingent rights to receive shares under the Kier Group plc 2010 Long-Term Incentive Plan for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
368,526 shares Nil
| ||||
e) | Date and time of the transaction | 2020-03-16 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
Kier (KIE)