RNS Number : 1375G
Kier Group PLC
04 November 2025
 

 

4 November 2025

 

KIER GROUP PLC

 

Notifications of transactions by persons discharging managerial responsibilities

 

Kier Group plc ("Kier" and the "Company") announces that:

 

i)      on 31 October 2025, Ordinary shares of 1p each in the capital of the Company ("Shares") held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022 (the "Deferred Bonus") were released to certain Persons Discharging Managerial Responsibilities ("PDMRs"); in the case of Mr Andrew Davies, all Shares held by the Trustee in connection with the Company's bonus arrangements were released to him, due to the cessation of his employment on his retirement as Chief Executive. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust (the "Trustee"); and

 

 

ii)     on 3 November 2025, Mr Stuart Togwell, PDMR, was granted share awards under the Kier Group plc 2020 Long-Term Incentive Plan (the "LTIP") (the "Awards"), in addition to, and on the same terms as, the awards granted to Mr Togwell under the LTIP on 13 October 2025 (the "October Awards"). The Awards were made to reflect Mr Togwell's appointment as Chief Executive from 1 November 2025. The Awards were made at no cost to Mr Togwell and will only vest to the extent that certain performance conditions are satisfied by the Company over a three-year performance period which runs from 1 July 2025 to 30 June 2028. The performance conditions relating to the Awards can be found on page 109 of the 2025 Annual Report and Accounts. The price used for the purpose of calculating the Awards was 204.5 pence per Share, being the average three-month Share price prior the date of grant of the October Awards.

 

Details of these transactions are set out in the table below.

 

PDMR

Number of shares released under the Deferred Bonus on 31 October 2025

Number of Awards granted under the LTIP on

3 November 2025

Mr S J Togwell1

50,891

198,582

Mr S J Kesterton1

138,761

-

Mr AOB Davies

580,692

-

Mr A W Bradshaw

19,277

-

Mr G Incutti

34,718

-

Mr L P Thomas

37,913

-

 

1 Following the acquisition of these Shares, Mr Togwell and Mr Kesterton will own 878,157 and 2,020,477 Shares, representing 0.20% and 0.45% of the Company's issued share capital, respectively.

 

 

The following notifications are made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.

 

For enquiries please contact:

Jaime Tham

Company Secretary

07801 975672

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Stuart Togwell

2

Reason for the notification

a)

Position / status

Chief Executive

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

50,891

d)

Aggregated information

-  Aggregated volume

-  Price

 

50,891 shares

Nil

 

e)

Date and time of the transaction

2025-10-31

f)

Place of the transaction

 

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

 Stuart Togwell

2

Reason for the notification

a)

Position / status

Chief Executive

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc      

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Grant of award over ordinary shares under the Kier Group plc 2020 Long-Term Incentive Plan for nil consideration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

198,582

d)

Aggregated information

-  Aggregated volume

-  Price

 

198,582 shares

Nil

e)

Date of the transaction

2025-11-03

f)

Place of the transaction

 

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Simon Kesterton

2

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

138,761

d)

Aggregated information

-  Aggregated volume

-  Price

 

138,761 shares

Nil

 

e)

Date and time of the transaction

2025-10-31

f)

Place of the transaction

 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Andrew Davies

2

Reason for the notification

a)

Position / status

PDMR

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Release of shares held on trust in connection with the Company's bonus arrangements for the financial years ended 30 June 2022, 30 June 2023 and 30 June 2024. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

580,692

d)

Aggregated information

-  Aggregated volume

-  Price

 

580,692 shares

Nil

 

e)

Date and time of the transaction

2025-10-31

f)

Place of the transaction

 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Andrew Bradshaw

2

Reason for the notification

a)

Position / status

Group Managing Director - Natural Resources, Nuclear & Networks

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

19,277

d)

Aggregated information

-  Aggregated volume

-  Price

 

19,277 shares

Nil

 

e)

Date and time of the transaction

2025-10-31

f)

Place of the transaction

 

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Giuseppe Incutti

2

Reason for the notification

a)

Position / status

Group Managing Director - Transportation

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

34,718

d)

Aggregated information

-  Aggregated volume

-  Price

 

34,718 shares

Nil

 

e)

Date and time of the transaction

2025-10-31

f)

Place of the transaction

 

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Leigh Thomas

2

Reason for the notification

a)

Position / status

Group Managing Director - Property

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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

 

Identification code

Ordinary shares in Kier Group plc

 

 

GB0004915632

b)

Nature of the transaction

 

Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

37,913

d)

Aggregated information

-  Aggregated volume

-  Price

 

37,913 shares

Nil

 

e)

Date and time of the transaction

2025-10-31

f)

Place of the transaction

 

Outside a trading venue

 

 

 

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