Morgan Sindall Group PLC Director/PDMR Shareholding (8492F)
May 22 2017 - 7:44AM
UK Regulatory
TIDMMGNS
RNS Number : 8492F
Morgan Sindall Group PLC
22 May 2017
Morgan Sindall Group plc
('the Company')
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
2014 Long Term Incentive Plan (the 'Plan')
On 19 May 2017, the performance share awards granted to the
executive directors on 19 May 2014 under the Plan vested following
partial achievement of the performance conditions at 62.06%. The
remainder of the award which has not vested has now lapsed. The
PDMR's named below have each received shares in satisfaction of the
award. These shares include additional shares representing the
dividend equivalent to which they are entitled under the Plan
rules. These shares were satisfied from market purchased shares
held in the Morgan Sindall Employee Benefit Trust.
Both John Morgan and Steve Crummett disposed of sufficient of
the vested shares to fund the tax and national insurance
contribution (PAYE) payable in respect of them.
Number
Number of of shares Number
performance 62.06% of Number Total disposed Total number of
shares performance of dividend number to satisfy of shares performance
Name of awarded share awards equivalent of shares the PAYE transferred share awards
Director 19 May 2014 vesting shares vested payable to the PDMR lapsed
-------------- ------------- -------------- ------------- ----------- ------------ -------------- -------------
John Morgan 55,687 34,560 2,642 37,202 17,485 19,717 21,127
-------------- ------------- -------------- ------------- ----------- ------------ -------------- -------------
Steve
Crummett 41,956 26,038 1,991 28,029 13,174 14,855 15,918
-------------- ------------- -------------- ------------- ----------- ------------ -------------- -------------
The closing mid-market price of a share on 19 May 2017 was
GBP11.90 and the shares disposed to fund the PAYE payable were sold
to the Morgan Sindall Employee Benefit Trust at that price.
Interests of Directors and PDMRs
As a result of the above transactions, the PDMRs hold the
following interests (all of which are beneficial) in the share
capital of the Company:
Total number Total number
% issued share of shares over of conditional
Beneficial interest capital of which options share awards
Name of Director in shares the Company are held held
-------------------- -------------------- ----------------- ---------------- ----------------
John Morgan 4,524,069 10.12 106,364 264,943
-------------------- -------------------- ----------------- ---------------- ----------------
Steve Crummett 29,470 0.07 - 206,921
-------------------- -------------------- ----------------- ---------------- ----------------
The following disclosures are made in accordance with Article 19
of the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person
closely associated
--- ---------------------------------------------------------------------------------------
a) Name John Morgan
--- -------------------------------- -----------------------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------------------------
a) Position/status Executive Director/PDMR
--- -------------------------------- -----------------------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- -----------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
--- ---------------------------------------------------------------------------------------
a) Name Morgan Sindall Group plc
--- -------------------------------- -----------------------------------------------------
b) LEI 2138008339ULDGZRB345
--- -------------------------------- -----------------------------------------------------
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 of 5 pence each
instrument, type of instrument
Identification code ISIN: GB0008085614
--- -------------------------------- -----------------------------------------------------
b) Nature of the transaction Vesting of conditional share awards
under the Morgan Sindall Group 2014
Long Term Incentive Plan:
- 37,202 shares acquired at nil cost
* 17,485 shares sold to satisfy PAYE payable at
GBP11.90 per share
--- -------------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------- ----------
Shares:
Acquired GBP0.00 37,202
Sold GBP11.90 17,485
-------------------- ----------
--- -------------------------------- -----------------------------------------------------
d) Aggregated information As above
- Aggregated volume
- Price
--- -------------------------------- -----------------------------------------------------
e) Date of the transaction 19 May 2017
--- -------------------------------- -----------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- -----------------------------------------------------
1 Details of the person discharging managerial responsibilities / person
closely associated
--- -------------------------------------------------------------------------
a) Name Steve Crummett
--- -------------------------------- ---------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------
a) Position/status Executive Director/PDMR
--- -------------------------------- ---------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------
a) Name Morgan Sindall Group plc
--- -------------------------------- ---------------------------------------
b) LEI 2138008339ULDGZRB345
--- -------------------------------- ---------------------------------------
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 of 5 pence each
instrument, type of instrument
Identification code ISIN: GB0008085614
--- -------------------------------- ---------------------------------------
b) Nature of the transaction Vesting of conditional share awards
under the Morgan Sindall Group 2014
Long Term Incentive Plan:
- 28,029 shares acquired at nil cost
- 13,174 shares sold to satisfy PAYE
payable at GBP11.90 per share
--- -------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------- ----------
Shares:
Acquired GBP0.00 28,029
Sold GBP11.90 13,174
-------------------- ----------
--- -------------------------------- ---------------------------------------
d) Aggregated information As above
- Aggregated volume
- Price
--- -------------------------------- ---------------------------------------
e) Date of the transaction 19 May 2017
--- -------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- ---------------------------------------
Enquiries:
Clare Sheridan Tel: 020 7307 9200
Company Secretary
22 May 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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