HEADLAM GROUP PLC

Remuneration Information • Apr 9, 2021

National Storage Mechanism | Additional information

RNS Number : 0253V

Headlam Group PLC

09 April 2021

9 April 2021

Headlam Group plc

(the 'Company')

Grant of awards under the Company's Performance Share Plan ('PSP')

On 9 April 2021, the Company granted awards in the form of nil-cost options over a total of 265,360 ordinary shares in the Company under the Company's PSP (the '2021 PSP'), including 151,180 to the following Executive Directors and Persons Discharging Managerial Responsibility ('PDMR'):

Executive Director/ PDMR	Position	Number of ordinary shares over which options granted
Steve Wilson	Chief Executive	87,043
Chris Payne	Chief Financial Officer	64,137

As detailed on pages 101 and 102 of the 2020 Annual Report and Accounts, the PSP awards vest dependent on the achievement of relative Total Shareholder Return and absolute Earnings Per Share performance conditions measured over a three-year performance period. In addition, the awards are further subject to an underpin performance condition that the extent of vesting reflects the overall financial performance of the Company over the three-year performance period. When making this determination the Company's Remuneration Committee will have full discretion to ensure that the final outcome is warranted based on the performance of the Company in the light of all relevant factors to ensure there have been no windfall gains.

PSP awards granted to Executive Directors are additionally subject to a two-year holding period following the date of vesting during which a dividend equivalent will accrue in the form of additional shares to the extent the awards vest, as calculated on a re-investment basis.

The number of ordinary shares over which the awards were granted was based on a share price of 454.2 pence per ordinary share, being the average mid-market closing share price for the five business days prior to the grant date, as derived from the London Stock Exchange daily official list.

The awards, which are subject to the Malus and Clawback conditions of the PSP, will ordinarily vest on the latest of three years following the date of grant or the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied.

Enquiries:

Headlam Group plc Steve Wilson, Chief Executive Chris Payne, Chief Financial Officer Catherine Miles, Director of Communications	Tel: 01675 433 000 Email: headlamgroup@headlam.com
Investec Bank plc (Corporate Broker) David Flin / Alex Wright	Tel: 020 7597 5970
Panmure Gordon (UK) Limited (Corporate Broker) Erik Anderson / Dominic Morley / Ailsa MacMaster	Tel: 020 7886 2500
Alma PR (Financial PR) Susie Hudson / Harriet Jackson / Faye Calow	Tel: 020 3405 0205 headlam@almapr.co.uk

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

ISIN: 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	87,043

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

9 April 2021

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

ISIN: 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	64,137

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

9 April 2021

g)

Place of the transaction

Outside a trading venue

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