Kier Group PLC Director/PDMR Shareholding (4294G)

TIDMKIE

RNS Number : 4294G

Kier Group PLC

17 March 2020

17 MARCH 2020

KIER GROUP PLC

Notification of transactions by persons discharging managerial responsibilities

Grant of Award under the Kier Group plc Long-Term Incentive Plan

Kier Group plc (the "Company") announces that, on 16 March 2020, an award of contingent rights to receive a maximum of 368,526 shares in the capital of the Company has been made to Mr. Liam Cummins (a person discharging managerial responsibilities) under the Kier Group plc 2010 Long-Term Incentive Plan (the "Plan"). The award was made at no cost to the individual and, subject to the satisfaction of the performance targets and the rules of the Plan, will vest on 16 March 2023.

The price used for the purpose of calculating these awards was 92.90 pence, being the closing middle market quotation of a share in the capital of the Company on 13 March 2020.

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:

Phil Higgins

Deputy Company Secretary

Tel: 0 7562 210903

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                         Liam Cummins 
     ===========================================  ================================================== 
 2    Reason for the notification 
     =============================================================================================== 
 a)   Position / status                            Group Managing Director - Construction 
     ===========================================  ================================================== 
 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                 Ordinary shares in Kier Group plc 
       instrument, type of instrument 
 
       Identification code                          GB0004915632 
     ===========================================  ================================================== 
 b)   Nature of the transaction                    Award of contingent rights to receive 
                                                    shares under the Kier Group plc 
                                                    2010 Long-Term Incentive Plan for 
                                                    nil consideration. 
     ===========================================  ================================================== 
 c)   Price(s) and volume(s)                        Price(s)    Volume(s) 
                                                     Nil         368,526 
                                                                ---------- 
     ===========================================  ================================================== 
 d)   Aggregated information 
        *    Aggregated volume                       368,526 shares 
                                                     Nil 
 
        *    Price 
     ===========================================  ================================================== 
 e)   Date and time of the transaction               2020-03-16 
     ===========================================  ================================================== 
 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.

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