MJ GLEESON plc
Incorporated in England and Wales
Registration number: 09268016
LEI: 21380064K7N2W7FD6434
ISIN: GB00BRKD9Z53
26 September 2023
MJ Gleeson Plc
("the Company")
Performance Share Plan award to Directors and PDMRs
The Company announces that on 25 September 2023, under the Company's Long Term Incentive Plan (the "Plan"), that the Directors and Persons Discharging Management Responsibilities ("PDMR") listed below were granted nil-cost share options ("Option") over a total of 650,829 Ordinary shares of 2p each in the Company ("Shares").
| DIRECTOR / PDMR | Number of Shares subject to Option |
| Graham Prothero (Chief Executive Officer) | 195,845 |
| Stefan Allanson (Chief Financial Officer) | 121,783 |
| Mark Knight (Chief Executive, Gleeson Homes) | 72,535 |
| Leanne Johnson (Company Secretary) | 6,925 |
These awards were granted pursuant to the Plan approved by shareholders in December 2016 and amended by the Board in accordance with paragraph 19.2 of the Plan, in September 2023.
No consideration was paid for the grant of the Option. The number of Shares subject to the Option was calculated based on a share price of 426p, being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 22 September 2023
Vesting of the Option is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2026. For Graham Prothero and Stefan Allanson, these targets will be disclosed in the Company's FY23 Annual Report.
The Option will vest, and will be capable of exercise as follows:
| DIRECTOR / PDMR | Vesting period | Anticipated Vesting Date
|
| Graham Prothero | 5 years | The date the Company announces its financial results in 2028 |
| Stefan Allanson | 5 years | The date the Company announces its financial results in 2028 |
| Mark Knight | 3 years | The date the Company announces its financial results in 2026 |
| Leanne Johnson | 3 years | The date the Company announces its financial results in 2026 |
Enquiries:
| Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc
|
Tel: 01142 612 900
|
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||||
| a) | First Name | Graham
| ||||||
| b) | Last Name | Prothero
| ||||||
| 2. | Reasons for the notification | |||||||
| a) | Position / status | Chief Financial Officer
| ||||||
| b) | Initial notification / amendment | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Full name of the entity | MJ Gleeson Plc
| ||||||
| b) | Legal Entity Identifier code | 21380064K7N2W7FD6434
| ||||||
| 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 Identification Code | Ordinary Shares of £0.02 each
| ||||||
| b) | Nature of the transaction | Grant of Options over Ordinary Shares
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||||
| e) | Date of the transaction | 25 September 2023
| ||||||
| f) | Place of the transaction | Off market
| ||||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||||
| a) | First Name | Stefan
| ||||||
| b) | Last Name | Allanson
| ||||||
| 2. | Reasons for the notification | |||||||
| a) | Position / status | Chief Financial Officer
| ||||||
| b) | Initial notification / amendment | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Full name of the entity | MJ Gleeson Plc
| ||||||
| b) | Legal Entity Identifier code | 21380064K7N2W7FD6434
| ||||||
| 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 Identification Code | Ordinary Shares of £0.02 each
| ||||||
| b) | Nature of the transaction | Grant of Options over Ordinary Shares
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||||
| e) | Date of the transaction | 25 September 2023
| ||||||
| f) | Place of the transaction | Off market
| ||||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||||
| a) | First Name | Mark
| ||||||
| b) | Last Name | Knight
| ||||||
| 2. | Reasons for the notification | |||||||
| a) | Position / status | Chief Executive, Gleeson Homes
| ||||||
| b) | Initial notification / amendment | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Full name of the entity | MJ Gleeson Plc
| ||||||
| b) | Legal Entity Identifier code | 21380064K7N2W7FD6434
| ||||||
| 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 Identification Code | Ordinary Shares of £0.02 each
| ||||||
| b) | Nature of the transaction | Grant of Options over Ordinary Shares
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable- single transaction | ||||||
| e) | Date of the transaction | 25 September 2023
| ||||||
| f) | Place of the transaction | Off market
| ||||||
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||||
| a) | First Name | Leanne
| ||||||
| b) | Last Name | Johnson
| ||||||
| 2. | Reasons for the notification | |||||||
| a) | Position / status | Company Secretary
| ||||||
| b) | Initial notification / amendment | Initial Notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Full name of the entity | MJ Gleeson Plc
| ||||||
| b) | Legal Entity Identifier code | 21380064K7N2W7FD6434
| ||||||
| 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 Identification Code | Ordinary Shares of £0.02 each
| ||||||
| b) | Nature of the transaction | Grant of Options over Ordinary Shares
| ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable- single transaction | ||||||
| e) | Date of the transaction | 25 September 2023
| ||||||
| f) | Place of the transaction | Off market
| ||||||
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