GFRD Galliford Try Holdings Plc

28 March 2024

Directorate Change

Galliford Try Holdings plc

Appointment of Chief Financial Officer

Galliford Try Holdings plc (Galliford Try or the Group), the UK construction group, is pleased to announce the appointment of Kris Hampson as Chief Financial Officer.  He will join the Board no later than September 2024.  Kris will replace Andrew Duxbury whose resignation was previously announced.

Kris has a wealth of finance experience and joins from Rentokil Initial plc where he has worked in finance roles for over 16 years.  Since 2020 Kris has been Group Financial Controller for the FTSE 100 Group.  A senior finance professional with significant experience in listed B2B environments, Kris is a chartered accountant and member of the Institute of Chartered Accountants (ICAEW).

Alison Wood, Chair, said "I am delighted to welcome Kris as the Group's new CFO.  Kris has considerable financial experience with a FTSE 100 company and is an excellent addition to the Board.  Kris will play a key role in delivering the Group's future growth plans and I look forward to working with him."

Kris Hampson said: "I am delighted to be joining Galliford Try as it continues its impressive performance and sustainable growth strategy.  The Group has an incredible history, proven financial performance and the future outlook in its chosen sectors is strong."

A further update will be provided in due course.

This announcement contains inside information.

The Group is holding a Capital Markets Event on 23 May 2024.

No further information is required to be disclosed pursuant to Listing Rule 9.6.13.

For further enquiries please contact:

Note to Editors

Remuneration

The remuneration arrangements for Kris Hampson comply with the Director's Remuneration Policy approved by shareholders at its AGM held on 10 November 2023.  As the Group's Chief Financial Officer, Kris Hampson's remuneration will comprise:

(1)   an annual base salary of £380,000.

(2)   an annual bonus, subject to performance, of up to 100% of salary of which two thirds of any bonus earned in excess of 50% is deferred into restricted shares for three years.

(3)   participation in the Group's long term incentive plan award of up to 150% of salary based on performance over a three year period and subject to a two year holding period post any vesting.

(4)   a pension allowance of 8% of salary in line with that offered across the Group's employee population.

(5)   a company car or allowance and medical.

In accordance with the Director's Remuneration Policy Kris will, over time, build and maintain a shareholding equivalent in value to at least 200% of his salary.

Kris will also receive awards, subject to performance, to compensate for remuneration he is forfeiting on leaving his current employer.  These replacement awards will reflect the value of the forfeited awards and the vesting timeline will be the same as those which apply to the forfeited awards. Details will be disclosed in the Group's Directors' Remuneration Report for the year ending 30 June 2024.

Galliford Try

Galliford Try is a leading UK construction group listed on the London Stock Exchange.  Operating as Galliford Try and Morrison Construction, the Group carries out building and infrastructure projects with clients in the public, private and regulated sectors across the UK.