Howden Joinery Group PLC — Director's Dealing 2019

Sep 6, 2019

National Storage Mechanism | Additional information

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RNS Number : 5712L

Howden Joinery Group PLC

06 September 2019

6 September 2019

HOWDEN JOINERY GROUP PLC

(the "Company")

NOTIFICATION OF TRANSACTION IN SHARES BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Grants under Howdens Long Term Incentive Plan ("LTIP")

The Company announces that on 5 September 2019 it granted the following restricted share awards ("Awards") over ordinary shares ("Shares") of the Company to Mark Slater, Commercial Director and a Person Discharging Managerial Responsibilities ("PDMR"), under the Company's LTIP.

Shares granted under each Award	Date of Vest
38,241	31 March 2020
8,144	31 March 2020
34,202	31 March 2021
7,170	31 March 2021
9,924	31 March 2021
13,646	31 March 2022

Mr Slater joined the Company on 3 June 2019 and upon leaving his previous employment forfeited a number of share awards ("Previous Awards"), including performance based awards and awards of restricted shares not subject to performance conditions. Although Mr Slater is not an executive director of the Company, the Previous Awards have nevertheless been replaced with awards of forfeitable shares in line with the approved executive director remuneration policy, with equivalent remaining periods to release of the awards foregone and equivalent expected value.

The Notification of Dealing Form for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.

NOTIFICATION OF DEALING FORM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Slater

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/ Amendment

Initial notification

3

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

a)

Name

Howden Joinery Group plc

b)

LEI

213800KC1LJOJTY3JP45

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

Nature of transaction	Award of forfeitable ordinary shares under the rules of the Howdens Long Term Incentive Plan
Description/type of Financial Instrument	Identification code	Date of transaction	Place of transaction
Ordinary shares of 10 pence each	GB0005576813	2019-09-05	Outside a trading venue
Individual transactions	Price(s)	Volume(s)	Total
GBP nil	38,241	n/a
GBP nil	8,144	n/a
GBP nil	34,202	n/a
GBP nil	7,170	n/a
GBP nil	9,924	n/a
GBP nil	13,646	n/a
Aggregated information	Price(s)	Aggregated Volume	Total
GBP nil	111,327	n/a

Enquiries

Forbes McNaughton, Company Secretary:                      020 7535 1137

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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