TIDMHEAD

RNS Number : 1727W

Headlam Group PLC

13 April 2023

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      Role                 Amount of Bonus     Number of ordinary 
   / PDMR                                       Deferred (GBP)      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   Tel: 020 7886 2500 
  Broker) 
 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)   Positio n / status          Chief Executive 
     --------------------------  ----------------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ----------------------------------------------- 
 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          Ordinary shares of GBP0.05 each. 
       financial instrument, 
       t ype of instrument 
     --------------------------  ----------------------------------------------- 
 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                Price(s)    Volume(s) 
       volume(s)                   N/A         22,563 
                                              ---------- 
     --------------------------  ----------------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ----------------------------------------------- 
 f)   Date of the transaction     13 April 2023 
     --------------------------  ----------------------------------------------- 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  -----------------------------------------------

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END

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(END) Dow Jones Newswires

April 13, 2023 11:33 ET (15:33 GMT)

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