HEADLAM GROUP PLC

Transaction in Own Shares • Apr 10, 2018

National Storage Mechanism | Additional information

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RNS Number : 4582K

Headlam Group PLC

10 April 2018

10 April 2018

Headlam Group plc

(the 'Company') 

Grant of awards under the Company's Performance Share Plan

On 9 April 2018, Headlam Group plc granted awards in the form of nil-cost options over a total of 328,596 ordinary shares of 5 pence each in the Company ('Ordinary Shares') under the Company's Performance Share Plan ('PSP'), as detailed in the 2017 Annual Report and Accounts, to Senior Management Team employees and the following Executive Directors:

Director	Number of Ordinary Shares over which award granted
Steve Wilson (Chief Executive)	86,187
Tony Judge (Chief Operating Officer)	77,114
Chris Payne (Chief Financial Officer)	63,506

The awards have been granted subject to performance conditions based on: (1) the Company's compound annual growth in Earnings Per Share ('EPS') over a three-year performance period starting with 2018 (as regards 80% of the Ordinary Shares subject to the award); and (2) the Company's Total Shareholder Return ('TSR') over that performance period relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) (as regards 20% of the Ordinary Shares subject to the award).  The awards are subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the three-year performance period. 

The awards will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied (the 'vesting date').  

The awards will be released so that the participants are entitled to acquire the vested Ordinary Shares, which for Executive Directors is following the end of a holding period requirement which shall end on the second anniversary of the vesting date.

Enquiries:

Headlam Group plc		Tel: 01675 433 000
Steve Wilson, Chief Executive Catherine Miles, Director of Communications
Investec Bank plc (Corporate Broker)		Tel: 020 7597 5970
Garry Levin / David Flin / Alex Wright
Buchanan (Financial PR and IR)		Tel: 020 7466 5000
Mark Court / Sophie Wills / Catriona Flint

Notes for Editors:

Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.

Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.

The Company is engaged with suppliers across 16 primary countries whose products cover a significant proportion of the floorcoverings market including carpet, residential vinyl, engineered wood, laminate, luxury vinyl tiles, ceramic tiles, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.

The Company comprises 64 wholly-owned businesses in the UK and Continental Europe (UK 60, Continental Europe 4) each operating under their own trade brand and utilising their individual sales team which achieves greater market penetration.

Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.

www.headlam.com

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

Steve Wilson

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

GB0004170089

c)

Nature of the transaction

Grant of nil-cost options over Ordinary Shares under the Company's Performance Share Plan

d)

Price(s) and

volume(s)

Price(s)	Volume(s)
N/A	86,187

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

9 April 2018

g)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Tony Judge

2.

Reason for the notification

a)

Position / status

Chief Operating Officer

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

GB0004170089

c)

Nature of the transaction

Grant of nil-cost options over Ordinary Shares under the Company's Performance Share Plan

d)

Price(s) and

volume(s)

Price(s)	Volume(s)
N/A	77,114

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

9 April 2018

g)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Chris Payne

2.

Reason for the notification

a)

Position / status

Chief Financial Officer

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

GB0004170089

c)

Nature of the transaction

Grant of nil-cost options over Ordinary Shares under the Company's Performance Share Plan

d)

Price(s) and

volume(s)

Price(s)	Volume(s)
N/A	63,506

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

9 April 2018

g)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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