13 Apr 2023 16:33
13 April 2023
Headlam Group plc
(the 'Company')
Grant of awards under Deferred Bonus Plan ('DBP')
As detailed in the 2022 Annual Report and Accounts, under the DBP, one-third of any annual bonus amount awarded to Executive Directors is required to be deferred into a right to acquire ordinary shares in the Company at nil-cost. Following payment of the annual bonus in respect of the financial year ended 31 December 2022, on 13 April 2023, the Company granted nil-cost options to the following Executive Director:
Executive Director / PDMR
|
Role |
Amount of Bonus Deferred (£) |
Number of ordinary shares over which options granted |
Chris Payne
|
Chief Executive |
67,940 |
22,563 |
The 2023 DBP option will not vest until the second anniversary of the grant date, and is subject to a dividend equivalent in the form of shares, calculated on a re-investment basis. The number of ordinary shares over which the option was granted was calculated based on a share price of 301.1 pence per ordinary share, being the average mid-market closing share price for the five business days prior to the grant date, as derived from the London Stock Exchange daily official list.
Headlam Group plc | Tel: 01675 433 000 |
Chris Payne, Chief Executive | Email: headlamgroup@headlam.com |
Catherine Miles, Director of IR and ESG | |
Panmure Gordon (UK) Limited (Corporate Broker) | Tel: 020 7886 2500 |
Tom Scrivens / Atholl Tweedie
Peel Hunt LLP (Corporate Broker) |
Tel: 020 7418 8900 |
George Sellar / John Welch
| |
|
Notification and public disclosure of transactions by persons discharging managerial
responsibilities / persons closely associated with them.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Chris Payne | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Executive | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer | |||||
a) | Name | Headlam Group plc | ||||
b) | LEI | 213800I4AZZUJEYX9O90 | ||||
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 | Ordinary shares of £0.05 each. | ||||
b) | Identification code | ISIN: GB0004170089 | ||||
c) | Nature of the transaction | Grant of nil-cost options over Ordinary Shares under the Company's Deferred Bonus Plan | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Volume - Price | N/A | ||||
f) | Date of the transaction | 13 April 2023 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
Headlam (HEAD)