HOWDEN JOINERY GROUP PLC
(the "Company")
NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
The Company announces that the Performance Share Plan ("PSP") award granted to certain Persons Discharging Managerial Responsibilities ("PDMR") under the Company's Long-Term Incentive Plan ("LTIP") on 27 March 2017 (the "Award") vested on 27 March 2020.
The Award was granted subject to the achievement of certain performance targets based on the Company's growth in pre-exceptional profit before tax over the three-year period ending 28 December 2019. An additional holding period of two years will apply to shares vesting under the Award.
The following transactions took place in relation to the Award, which was granted over ordinary 10 pence shares of the Company ("Shares") to the PDMRs listed below:
Name of Director or PDMR |
Number of Shares which vested under the Award |
Number of Shares which were sold* |
Number of Shares subject to additional two-year Holding Period |
Mark Robson |
34,938 |
16,454 |
18,484 |
Theresa Keating |
11,696 |
5,509 |
6,187 |
Andrew Witts |
14,759 |
6,951 |
7,808 |
Robert Fenwick |
14,759 |
6,951 |
7,808 |
Clive Cockburn |
11,139 |
5,247 |
5,892 |
* Shares were sold to cover taxation and administrative costs arising on the vesting of the Award at a price of 502.702p.
The Notification of Dealing Forms for the above transactions may be found below. These notifications are provided in accordance with the requirements of the EU Market Abuse Regulation.
NOTIFICATION OF DEALING FORM |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Mark Robson |
2 |
Reason for the notification |
a) |
Position/status |
Deputy Chief Executive and 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) |
Name |
Howden Joinery Group plc |
b) |
LEI |
213800KC1LJOJTY3JP45 |
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 |
|
Nature of transaction |
Vesting of ordinary shares under a conditional share award. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
Outside a trading venue |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP nil |
34,938 |
n/a |
Aggregated information |
Price(s) |
Aggregated Volume |
Total |
GBP nil |
34,938 |
n/a |
|
Nature of transaction |
Sale of ordinary shares. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
London Stock Exchange (XLON) |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP 5.027018 |
16,454 |
GBP 82,714.55 |
Aggregated information |
Price |
Aggregated Volume |
Total |
GBP 5.027018 |
16,454 |
GBP 82,714.55 |
|
NOTIFICATION OF DEALING FORM |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Theresa Keating |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
b) |
Initial notification/ Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Howden Joinery Group plc |
b) |
LEI |
213800KC1LJOJTY3JP45 |
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 |
|
Nature of transaction |
Vesting of ordinary shares under a conditional share award. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
Outside a trading venue |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP nil |
11,696 |
n/a |
Aggregated information |
Price(s) |
Aggregated Volume |
Total |
GBP nil |
11,696 |
n/a |
|
Nature of transaction |
Sale of ordinary shares. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
London Stock Exchange (XLON) |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP 5.027018 |
5,509 |
GBP 27,693.84 |
Aggregated information |
Price |
Aggregated Volume |
Total |
GBP 5.027018 |
5,509 |
GBP 27,693.84 |
|
NOTIFICATION OF DEALING FORM |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Andrew Witts |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
b) |
Initial notification/ Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Howden Joinery Group plc |
b) |
LEI |
213800KC1LJOJTY3JP45 |
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 |
|
Nature of transaction |
Vesting of ordinary shares under a conditional share award. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
Outside a trading venue |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP nil |
14,759 |
n/a |
Aggregated information |
Price(s) |
Aggregated Volume |
Total |
GBP nil |
14,759 |
n/a |
|
Nature of transaction |
Sale of ordinary shares. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
London Stock Exchange (XLON) |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP 5.027018 |
6,951 |
GBP 34,942.80 |
Aggregated information |
Price |
Aggregated Volume |
Total |
GBP 5.027018 |
6,951 |
GBP 34,942.80 |
|
NOTIFICATION OF DEALING FORM |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Robert Fenwick |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
b) |
Initial notification/ Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Howden Joinery Group plc |
b) |
LEI |
213800KC1LJOJTY3JP45 |
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 |
|
Nature of transaction |
Vesting of ordinary shares under a conditional share award. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
Outside a trading venue |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP nil |
14,759 |
n/a |
Aggregated information |
Price(s) |
Aggregated Volume |
Total |
GBP nil |
14,759 |
n/a |
|
Nature of transaction |
Sale of ordinary shares. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
London Stock Exchange (XLON) |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP 5.027018 |
6,951 |
GBP 34,942.80 |
Aggregated information |
Price |
Aggregated Volume |
Total |
GBP 5.027018 |
6,951 |
GBP 34,942.80 |
|
NOTIFICATION OF DEALING FORM |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Clive Cockburn |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
b) |
Initial notification/ Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Howden Joinery Group plc |
b) |
LEI |
213800KC1LJOJTY3JP45 |
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 |
|
Nature of transaction |
Vesting of ordinary shares under a conditional share award. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
Outside a trading venue |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP nil |
11,139 |
n/a |
Aggregated information |
Price(s) |
Aggregated Volume |
Total |
GBP nil |
11,139 |
n/a |
|
Nature of transaction |
Sale of ordinary shares. |
Description/type of Financial Instrument |
Identification code |
Date of transaction |
Place of transaction |
Ordinary shares of 10 pence each |
GB0005576813 |
2020-03-27 |
London Stock Exchange (XLON) |
Individual transactions |
Price(s) |
Volume(s) |
Total |
GBP 5.027018 |
5,247 |
GBP 26,376.76 |
Aggregated information |
Price |
Aggregated Volume |
Total |
GBP 5.027018 |
5,247 |
GBP 26,376.76 |
|
Enquiries
Forbes McNaughton, Company Secretary: 020 7535 1137