21 July 2021
MJ Gleeson plc ("Gleeson" or the "Company")
Long Term Incentive Plan award to Director
The Company announces that on 20 July 2021 Stefan Allanson, Chief Financial Officer, exercised share options over 50,549 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan.
Application has been made for the admission to trading of the new Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, on the Main Market of the London Stock Exchange and to listing on the Official List of the UKLA, with dealings expected to commence on or around 26 July 2021.
Subsequent to the exercise of the share options on 20 July 2021, the Company has been notified that Stefan Allanson agreed to sell 23,829 Ordinary Shares at a price of 810 pence (£8.10) per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the abovementioned options. Completion of this sale is expected to occur on or around 26 July 2021.
Following the completion of the exercise and the sale, Stefan Allanson's aggregate shareholding will have increased to 147,374 Ordinary Shares, representing 0.25 per cent of the total voting rights in the Company.
Total Voting Rights
Following the completion of the issue of the new Ordinary Shares to Stefan Allanson the total number of issued Ordinary Shares will be 58,306,337. The Company does not hold any Ordinary Shares in Treasury.
Therefore, from completion of the issue of new Ordinary Shares the total number of Ordinary Shares with voting rights is 58,306,337 which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's DTR.
Enquiries:
MJ Gleeson plc Tel: 44 1142 612 900
Leanne Johnson Company Secretary
Stefan Allanson Chief Financial Officer
Instinctif Partners Tel: 44 20 7457 2020
Tim Linacre
Bryn Woodward
Rosie Driscoll
Singer Capital Markets Tel: 44 20 7496 3000
Shaun Dobson
James Moat
LEI: 21380064K7N2W7FD6434
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
| Stefan Allanson | |||
| 2
| Reason for the notification
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| 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
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| a)
| Name
| MJ Gleeson plc | |||
| b)
| LEI
| 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
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| a)
| Description of the financial instrument, type of instrument | Ordinary shares of 2 pence each | |||
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| Identification code | ISIN: GB00BRKD9Z53 | ||||
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| b)
| Nature of the transaction
| 1) Exercise of Options into Shares 2) Sale of Ordinary Shares | |||
| c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 1) Nil (exercise of options) 2) £8.10 | 1) 50,549
2) 23,829 |
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| d)
| Aggregated information |
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| - Aggregated volume | n/a | ||||
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| - Price |
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| e)
| Date of the transaction
| 20 July 2021 | |||
| f)
| Place of the transaction
| 1) Off market 2) London Stock Exchange (XLON) | |||
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