1 August 2023
Headlam Group plc
(the 'Company')
Director/PDMR shareholding
Exercise of option under the Headlam 2017 Deferred Bonus Plan
Headlam Group plc (LSE: HEAD), Europe's leading floorcoverings distributor, announces that on 31 July 2023, Chris Payne exercised his 2020 nil-cost option to acquire 26,447 ordinary shares of 5 pence each in the capital of the Company ('Shares') under the Company's 2017 Deferred Bonus Plan. The number of Shares received on exercise of the option reflects the inclusion of dividend equivalents in Shares, calculated on a reinvestment basis.
Chris Payne has paid the income tax and National Insurance contributions from personal funds and has therefore retained the full balance of Shares.
The exercise of the nil-cost option by Mr Payne has been satisfied through the transfer of existing Shares held by the trustee of the Headlam Employees' Share Trust ('EST') and, as such, no new Shares have been issued in connection with the option exercise.
Therefore, the total number of Shares with voting rights in the Company following admission will remain 80,768,367. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
| Headlam Group plc Chris Payne, Chief Executive Adam Phillips, Chief Financial Officer Catherine Miles, Director of IR and ESG | Tel: 01675 433 000 Email: headlamgroup@headlam.com |
| Panmure Gordon (UK) Limited (Corporate Broker) Tom Scrivens / Atholl Tweedie | Tel: 020 7886 2500 |
| Peel Hunt LLP (Corporate Broker) George Sellar / John Welch | Tel: 020 7418 8900 |
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | Chris Payne | ||||
| 2. | Reason for the notification
| |||||
| a) | Position / status | Chief Executive | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer | |||||
| a) | Name | Headlam Group plc
| ||||
| b) | LEI | 213800I4AZZUJEYX9O90 | ||||
| 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 | Ordinary shares of £0.05 each | ||||
| b) | Identification code | ISIN: GB0004170089 | ||||
| c) | Nature of the transaction | Exercise of a nil-cost option under the Company's 2017 Deferred Bonus Plan | ||||
| d) | Price(s) and volume(s) |
| ||||
| e) | Aggregated information - Volume - Price |
N/A (single transaction) | ||||
| f) | Date of the transaction | 31 July 2023 | ||||
| g) | Place of the transaction | Outside a trading venue | ||||
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