27 September 2023
MJ Gleeson plc ("Gleeson" or the "Company")
Exercise of Options and PDMR Dealing
The Company announces that on 25 September 2023, certain employees exercised share options over 39,613 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan, including Mark Knight, Chief Executive of Gleeson Homes and Leanne Johnson, Head of Legal and Company Secretary, both PDMRs, who, in aggregate, exercised share options over 22,695 Ordinary Shares.
Application has been made for the admission to trading of the new Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, on the Main Market of the London Stock Exchange and to listing on the Official List of the FCA, with dealings expected to commence on or around 2nd October 2023.
Subsequent to the exercise of the share options, on 25 September 2023 Mark Knight has, sold 10,018 Ordinary Shares and Leanne Johnson has sold 618 Ordinary Shares at an average price of 425p pence (£4.25) per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the abovementioned options.
Following the completion of the exercise and the sale, the aggregate shareholdings of Mark Knight and Leanne Johnson will be:
| Name | Aggregate shareholding (Ordinary Shares) | Percentage of total voting rights |
| Mark Knight | 67,438 | 0.116 |
| Leanne Johnson | 2,426 | 0.004 |
Total Voting Rights
Following the completion of the issue of the new Ordinary Shares, the total number of issued Ordinary Shares will be 58,381,973. The Company does not hold any Ordinary Shares in Treasury.
Therefore, from completion of the issue of new Ordinary Shares the total number of Ordinary Shares with voting rights is 58,381,973 which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's DTR.
Enquiries:
MJ Gleeson plc Tel: 44 1142 612 900
Leanne Johnson Company Secretary
Stefan Allanson Chief Financial Officer
Singer Capital Markets Tel: 44 20 7496 3000
Shaun Dobson
James Moat
LEI: 21380064K7N2W7FD6434
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mark Knight | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Executive, Gleeson Homes | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| MJ Gleeson plc | |||
| b)
| LEI
| 21380064K7N2W7FD6434 | |||
| 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 2 pence each | |||
| | | ||||
| Identification code | ISIN: GB00BRKD9Z53 | ||||
| | | ||||
| b)
| Nature of the transaction
| 1) Exercise of Options into Shares 2) Sale of Ordinary Shares
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1) Nil (exercise of options) 2) 425 pence | 1) 21,252
2) 10,018 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | n/a | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 25 September 2023 | |||
| f)
| Place of the transaction
| 1) Off market 2) London Stock Exchange (XLON)
| |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Leanne Johnson | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Head of Legal and Company Secretary | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| MJ Gleeson plc | |||
| b)
| LEI
| 21380064K7N2W7FD6434 | |||
| 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 2 pence each | |||
| | | ||||
| Identification code | ISIN: GB00BRKD9Z53 | ||||
| | | ||||
| b)
| Nature of the transaction
| 1) Exercise of Options into Shares 2) Sale of Ordinary Shares
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1) Nil (exercise of options) 2) 425 pence | 1) 1,443
2) 618 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | n/a | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 25 September 2023 | |||
| f)
| Place of the transaction
| 3) Off market 4) London Stock Exchange (XLON)
| |||
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