Breedon Group Plc

Director's Dealing • Dec 2, 2024

National Storage Mechanism | Additional information

RNS Number : 4818O

Breedon Group PLC

02 December 2024

 

LEI: 213800DQGNQE3X76WS92

2 December 2024

BREEDON GROUP plc

(the Company or Breedon)

Notification of transactions by Directors/ Persons Discharging Managerial Responsibilities (PDMR) and Persons Closely Associated with them (PCA)

The Company has been notified that, on 27 November 2024, Abicad Holding Limited (Abicad) a PCA of Amit Bhatia, Non-executive Chair of Breedon and a PDMR, had entered into option agreements with a market counterparty under which, if each option is fully exercised, would result in Abicad acquiring 1,500,000 existing ordinary shares of £0.01 each (Shares) in the Company (the Option Agreements).

Should any option(s) be exercised, the Shares acquired under the option(s) would be acquired by Abicad on various dates between 26 August 2025 and 1 December 2025.

The Company understands that these potential acquisitions of ordinary shares by Abicad, and any future acquisitions represent a continuation of Abicad's previously announced intention to make market purchases of shares in the Company over time.

Abicad currently holds 65,554,894 ordinary shares, equating to approximately 19.08 per cent. of the Company's total issued share capital (at today's date). If all of the Shares are acquired under the Option Agreements and Abicad does not dispose of any of its existing interests in ordinary shares, Abicad would have an aggregate interest in 67,054,894 ordinary shares, equating to approximately 19.51 per cent. of the Company's total issued share capital (at today's date).

This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

Enquiries:

Breedon Group plc                                                        www.breedongroup.com 

James Atherton-Ham, Group General Counsel                  01332 694010

MHP (Public Relations Adviser)                                     07770 753 544

Reg Hoare

Rachel Farrington

Charles Hirst

Notification and public disclosure of transactions by persons discharging managerial

responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Abicad Holding Limited, a person closely associated with Amit Bhatia

2

Reason for the notification

a)

Position/status

Non-executive Chair and PDMR

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

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

a)

Name

Breedon Group plc

b)

LEI

213800DQGNQE3X76WS92

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 £0.01 each

GB00BM8NFJ84

b)

Nature of the transaction

Options to acquire existing Ordinary Shares from a market counterparty, under 3 option agreements

c)

Price(s) and volume(s)

Exercise price(s) payable (pence) (1)	Volume(s)	Exercise/ expiration date for option tranche
392.745 p per Share	150,000	26 August 2025
392.745 p per Share	150,000	27 August 2025
369.6423 p per Share	200,000	24 November 2025
369.6423 p per Share	200,000	25 November 2025
369.6423 p per Share	200,000	26 November 2025
392.745 p per Share	200,000	27 November 2025
392.745 p per Share	200,000	28 November 2025
392.745 p per Share	200,000	1 December 2025

d)

Aggregated information (if any)

- Aggregated volume

- Price

1,500,000

£5,752,558.80

e)

Date of transaction

27 November 2024

f)

Place of the transaction

Outside of trading venue

Notes:

(1)        The relevant option tranche is automatically exercised and the relevant Shares are acquired if the closing price of a Breedon ordinary share is below or equal to the relevant exercise price for that tranche on the option expiration date

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