TIDMKIE

RNS Number : 3806A

Kier Group PLC

28 May 2019

KIER GROUP PLC

DIRECTOR / PDMR SHAREHOLDING

Rights Issue - adjustments to awards under the Kier Group plc 2010 Long-Term Incentive Plan

On 20 December 2018, Kier Group plc (the "Company") announced that the 33 for 50 rights issue of 64,455,707 new ordinary shares in the capital of the Company ("Ordinary Shares") at 409 pence per Ordinary Share (the "Rights Issue") had closed for acceptances at 11:00 a.m. (London time) on 19 December 2018.

Certain of the Company's Directors and Persons Discharging Managerial Responsibilities ("PDMRs") hold awards of contingent rights to receive shares in the capital of the Company under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan").

On 22 May 2019, the Company's Remuneration Committee approved adjustments to the maximum numbers of Ordinary Shares held under the Plan to reflect the effect of the Rights Issue as follows:

 
 Director / PDMR name     Adjusted number   Expected vesting 
                           of Ordinary       date 
                           Shares 
 Mr B E J Dew                      43,515    21 October 2019 
                                   56,825    23 October 2020 
                                   68,508    22 October 2021 
                         ----------------  ----------------- 
 Mr M F Jones (PDMR)               11,779    21 October 2019 
                         ----------------  ----------------- 
 Mrs P J W Prongué             8,122    21 October 2019 
  (PDMR) 
                         ----------------  ----------------- 
 Mr H E E Raven (PDMR)             16,541    21 October 2019 
                         ----------------  ----------------- 
 Mr C Veritiero                    40,614    21 October 2019 
                                   53,048    23 October 2020 
                                   68,508    22 October 2021 
                         ----------------  ----------------- 
 

This announcement should be read in conjunction with the announcements of PDMR participation in the Rights Issue which were made on 17, 18 and 20 December 2018.

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

For enquiries please contact:

Beth Melges

Deputy Company Secretary

Tel: +44(0)1767 640 111

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                         Bev Dew 
     ===========================================  ================================================== 
 2    Reason for the notification 
     =============================================================================================== 
 a)   Position / status                            Group Finance Director 
     ===========================================  ================================================== 
 b)   Initial notification                         Initial notification 
       / Amendment 
     ===========================================  ================================================== 
 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                 Ordinary shares in Kier Group plc 
       instrument, type of instrument 
 
       Identification code                          GB0004915632 
     ===========================================  ================================================== 
 b)   Nature of the transaction                    Adjustment to share awards held under 
                                                    the Kier Group plc 2010 Long-Term 
                                                    Incentive Plan to reflect the effect 
                                                    of the Rights Issue which closed on 
                                                    19 December 2018. 
     ===========================================  ================================================== 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     GBP n/a     752 
                                                                ---------- 
                                                     GBP n/a     982 
                                                                ---------- 
                                                     GBP n/a     1,184 
                                                                ---------- 
     ===========================================  ================================================== 
 d)   Aggregated information 
        *    Aggregated volume                       2,918 shares 
                                                     n/a per share 
 
        *    Price 
     ===========================================  ================================================== 
 e)   Date of the transaction                        2019-05-22 
     ===========================================  ================================================== 
 f)   Place of the transaction                     Outside a trading venue 
     ===========================================  ================================================== 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                         Marcus Jones 
     ===========================================  ================================================== 
 2    Reason for the notification 
     =============================================================================================== 
 a)   Position / status                            Finance Director Operations 
     ===========================================  ================================================== 
 b)   Initial notification                         Initial notification 
       / Amendment 
     ===========================================  ================================================== 
 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                 Ordinary shares in Kier Group plc 
       instrument, type of instrument 
 
       Identification code                          GB0004915632 
     ===========================================  ================================================== 
 b)   Nature of the transaction                    Adjustment to share awards held under 
                                                    the Kier Group plc 2010 Long-Term 
                                                    Incentive Plan to reflect the effect 
                                                    of the Rights Issue which closed on 
                                                    19 December 2018. 
     ===========================================  ================================================== 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     GBP n/a     203 
                                                                ---------- 
     ===========================================  ================================================== 
 d)   Aggregated information 
        *    Aggregated volume                       203 shares 
                                                     n/a per share 
 
        *    Price 
     ===========================================  ================================================== 
 e)   Date of the transaction                        2019-05-22 
     ===========================================  ================================================== 
 f)   Place of the transaction                     Outside a trading venue 
     ===========================================  ================================================== 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                        Phillippa Prongué 
     ==========================================  =================================================== 
 2    Reason for the notification 
     =============================================================================================== 
 a)   Position / status                           Group Strategy & Corporate Development 
                                                   Director 
     ==========================================  =================================================== 
 b)   Initial notification                        Initial notification 
       / Amendment 
     ==========================================  =================================================== 
 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                Ordinary shares in Kier Group plc 
       instrument, type of instrument 
 
       Identification code                         GB0004915632 
     ==========================================  =================================================== 
 b)   Nature of the transaction                   Adjustment to share awards held under 
                                                   the Kier Group plc 2010 Long-Term 
                                                   Incentive Plan to reflect the effect 
                                                   of the Rights Issue which closed on 
                                                   19 December 2018. 
     ==========================================  =================================================== 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                                    GBP n/a     140 
                                                               ---------- 
     ==========================================  =================================================== 
 d)   Aggregated information 
        *    Aggregated volume                      140 shares 
                                                    n/a per share 
 
        *    Price 
     ==========================================  =================================================== 
 e)   Date of the transaction                       2019-05-22 
     ==========================================  =================================================== 
 f)   Place of the transaction                    Outside a trading venue 
     ==========================================  =================================================== 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                         Hugh Raven 
     ===========================================  ================================================== 
 2    Reason for the notification 
     =============================================================================================== 
 a)   Position / status                            General Counsel and Company Secretary 
     ===========================================  ================================================== 
 b)   Initial notification                         Initial notification 
       / Amendment 
     ===========================================  ================================================== 
 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                 Ordinary shares in Kier Group plc 
       instrument, type of instrument 
 
       Identification code                          GB0004915632 
     ===========================================  ================================================== 
 b)   Nature of the transaction                    Adjustment to share awards held under 
                                                    the Kier Group plc 2010 Long-Term 
                                                    Incentive Plan to reflect the effect 
                                                    of the Rights Issue which closed on 
                                                    19 December 2018. 
     ===========================================  ================================================== 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     GBP n/a     286 
                                                                ---------- 
     ===========================================  ================================================== 
 d)   Aggregated information 
        *    Aggregated volume                       286 shares 
                                                     n/a per share 
 
        *    Price 
     ===========================================  ================================================== 
 e)   Date of the transaction                        2019-05-22 
     ===========================================  ================================================== 
 f)   Place of the transaction                     Outside a trading venue 
     ===========================================  ================================================== 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                         Claudio Veritiero 
     ===========================================  ================================================== 
 2    Reason for the notification 
     =============================================================================================== 
 a)   Position / status                            Chief Operating Officer 
     ===========================================  ================================================== 
 b)   Initial notification                         Initial notification 
       / Amendment 
     ===========================================  ================================================== 
 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                 Ordinary shares in Kier Group plc 
       instrument, type of instrument 
 
       Identification code                          GB0004915632 
     ===========================================  ================================================== 
 b)   Nature of the transaction                    Adjustment to share awards held under 
                                                    the Kier Group plc 2010 Long-Term 
                                                    Incentive Plan to reflect the effect 
                                                    of the Rights Issue which closed on 
                                                    19 December 2018. 
     ===========================================  ================================================== 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     GBP n/a     702 
                                                                ---------- 
                                                     GBP n/a     917 
                                                                ---------- 
                                                     GBP n/a     1,184 
                                                                ---------- 
     ===========================================  ================================================== 
 d)   Aggregated information 
        *    Aggregated volume                       2,803 shares 
                                                     n/a per share 
 
        *    Price 
     ===========================================  ================================================== 
 e)   Date of the transaction                        2019-05-22 
     ===========================================  ================================================== 
 f)   Place of the transaction                     Outside a trading venue 
     ===========================================  ================================================== 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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