Morgan Sindall Group PLC

Remuneration Information • May 14, 2024

National Storage Mechanism | Additional information

RNS Number : 4135O

Morgan Sindall Group PLC

14 May 2024

Morgan Sindall Group plc (the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The following notification is intended to satisfy the Company's obligations under Article 19.3 of EU Regulation No 596/2014 (the Market Abuse Regulation).

1.

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

a)

Name

Kelly Gangotra

2.

Reason for the notification  

a)

Position/status

Chief Financial Officer

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 instrument, type of instrument  

Identification code  

Ordinary shares of 5 pence each

ISIN: GB0008085614 

b)

Nature of the transaction

Grant of two conditional awards over Ordinary Shares on 1 4 May 2024, under the Company's 2023 Long Term Incentive Plan, adopted by the Company on 1 August 2023 ("2023 LTIP"). As set out in the Company's 2023 Annual Report, the awards consist of an annual award of 150% of salary plus an additional one-off award of 50% of salary in 2024 to compensate for existing long-term incentives held and forfeited on appointment. Each conditional award will vest on 1 4 May 2027 subject to the satisfaction of the performance criteria. Each conditional award carries a right to receive, on vesting, an amount linked to dividends paid on the Ordinary Shares subject to the conditional award. The dividend equivalent can be settled in cash or Ordinary Shares of the Company.  The vesting of the awards will also be subject to a two-year holding period whereby any vested shares (net of any tax liability) will be retained in the Company's appointed nominee in accordance with the Company's directors' remuneration policy.

c)

Price(s) and volume(s)

Name	Price(s)	Volume(s)
Kelly Gangotra	N/A	30,376
Kelly Gangotra	N/A	10,125

d)

Aggregated information

-     Aggregated volume

-     Price

As above

e)

Date of the transaction

14 May 2024

f)

Place of the transaction

Outside a trading venue

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