MJ GLEESON PLC

Remuneration Information • Feb 27, 2023

National Storage Mechanism | Additional information

RNS Number : 1744R

MJ Gleeson PLC

27 February 2023

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

27 February 2023

MJ Gleeson Plc

("the Company")

Performance Share Plan award to Directors and PDMRs

The Company announces that on 22 February 2023, under the Company's Long Term Incentive Plan (the "Plan"), the Directors and Persons Discharging Management Responsibilities ("PDMR") listed below were granted nil-cost share options (the "Options") over an aggregate of 333,064 Ordinary shares of 2p each in the Company.

No consideration was paid for the grant of the Options.

DIRECTOR / PDMR	Number of Shares subject to Option	Share Price on Grant
Graham Prothero (Chief Executive Officer)	296,053	456p (being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 21 February 2023)
Guy Gusterson (Managing Director, Gleeson Land)	37,011	394p (being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 19 October 2022, in accordance with equivalent grants made on 20 October 2022)

Vesting of the Options is conditional upon the achievement of certain performance targets over the three-year performance period ending 30 June 2025, in accordance with the rules of the Plan. The Options granted to Graham Prothero were granted in accordance with the Company's Directors' Remuneration Policy as approved by shareholders at the 2022 AGM, and further details of the Options (including in relation to the applicable performance targets) are disclosed in the Company's FY22 Annual Report. 

The Options will vest and will be capable of exercise (subject to achievement of the applicable performance targets) as follows:

DIRECTOR / PDMR	Vesting period	Anticipated Vesting Date
Graham Prothero	5 years	The date the Company announces its financial results in 2027
Guy Gusterson	3 years	The date the Company announces its financial results in 2025

The Options will be satisfied using market purchase shares, to be acquired by and held in the Company's employee benefit trust for the purposes of settlement of awards granted under the Company's share plans.

Enquiries:

Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc	Tel: 01142 612 900

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Graham

b)

Last Name

Prothero

2.

Reasons for the notification

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

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

Identification Code

Ordinary Shares of £0.02 each

GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	296,053

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

22 February 2023

f)

Place of the transaction

Off market

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Guy

b)

Last Name

Gusterson

2.

Reasons for the notification

a)

Position / status

Managing Director, Gleeson Land

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

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

Identification Code

Ordinary Shares of £0.02 each

GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	37,011

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

22 February 2023

f)

Place of the transaction

Off market

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