KIER GROUP PLC — Director's Dealing 2019

May 29, 2019

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RNS Number : 5175A

Kier Group PLC

29 May 2019

KIER GROUP PLC

DIRECTOR / PDMR SHAREHOLDING

Rights Issue - adjustments to options and awards under share schemes

On 20 December 2018, Kier Group plc (the "Company") announced that the 33 for 50 rights issue of 64,455,707 new ordinary shares in the capital of the Company ("Ordinary Shares") at 409 pence per Ordinary Share (the "Rights Issue") had closed for acceptances at 11:00 a.m. (London time) on 19 December 2018.  

Certain of the Company's directors and persons discharging managerial responsibilities ("PDMRs") hold options to acquire, or awards of, Ordinary Shares under certain of the Company's share schemes. 

On 29 May 2019, the Company's board of directors approved adjustments to the maximum numbers of Ordinary Shares held under the share schemes and, for the Kier Group plc 2006 Sharesave Scheme and the Kier Group plc Sharesave Scheme 2016 (together the "Sharesave Schemes"), adjustments to the option price of the share options held under the Sharesave Schemes, in each case to reflect the effect of the Rights Issue.

Details of the adjusted options and awards are as follows:

Sharesave Schemes

Director / PDMR name	Adjusted number of Ordinary Shares1	Adjusted exercise price per Ordinary Share (pence)	Exercise period
Mr B E J Dew	1,596	1,127.16	1 December 2018 - 31 May 2019
Mr M F Jones (PDMR)	638 931	1,127.16 966.00	1 December 2018 - 31 May 2019 1 December 2020 - 31 May 2021
Mr S D Martle (PDMR)	931	966.00	1 December 2020 - 31 May 2021
Mrs P J W Prongué (PDMR)	472 322 931 703	1,127.16 1,135.02 966.00 756.68	1 December 2018 - 31 May 2019 1 December 2019 - 31 May 2020 1 December 2020 - 31 May 2021 1 December 2021 - 31 May 2022

(1)  Assumes that each participant continues to save at the current rate for the full savings period.

Kier Group plc Conditional Share Award Plan 2017

PDMR name	Adjusted number of Ordinary Shares	Expected vesting date
Mr M F Jones	8,013 10,658	23 October 2020 22 October 2021
Mr S D Martle	8,487 10,539	23 October 2020 22 October 2021
Mrs P J W Prongué	5,297 11,084	23 October 2020 22 October 2021
Mr H E E Raven	10,821 13,440	23 October 2020 22 October 2021

This announcement should be read in conjunction with the announcements of PDMR participation in the Rights Issue which were made on 17, 18 and 20 December 2018.

The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.

For enquiries please contact:

Beth Melges

Deputy Company Secretary

Tel: +44(0)1767 640 111

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Bev Dew

2

Reason for the notification

a)

Position / status

Group Finance Director

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to options held under the Kier Group plc 2006 Sharesave Scheme to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	27

d)

Aggregated information

-  Aggregated volume

-  Price

27 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Marcus Jones

2

Reason for the notification

a)

Position / status

Finance Director Operations

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to options held under the Kier Group plc 2006 Sharesave Scheme and the Kier Group plc Sharesave Scheme 2016 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	11
£ n/a	16

d)

Aggregated information

-  Aggregated volume

-  Price

27 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Simon Martle

2

Reason for the notification

a)

Position / status

Group Financial Controller

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to options held under the Kier Group plc Sharesave Scheme 2016 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	16

d)

Aggregated information

-  Aggregated volume

-  Price

16 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Phillippa Prongué

2

Reason for the notification

a)

Position / status

Group Strategy & Corporate Development Director

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to options held under the Kier Group plc 2006 Sharesave Scheme and the Kier Group plc Sharesave Scheme 2016 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	8
£ n/a	5
£ n/a	16
£ n/a	12

d)

Aggregated information

-  Aggregated volume

-  Price

41 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Marcus Jones

2

Reason for the notification

a)

Position / status

Finance Director Operations

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to share awards held under the Kier Group plc Conditional Share Award Plan 2017 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	138
£ n/a	184

d)

Aggregated information

-  Aggregated volume

-  Price

322 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Simon Martle

2

Reason for the notification

a)

Position / status

Group Financial Controller

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to share awards held under the Kier Group plc Conditional Share Award Plan 2017 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	146
£ n/a	182

d)

Aggregated information

-  Aggregated volume

-  Price

328 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Phillippa Prongué

2

Reason for the notification

a)

Position / status

Group Strategy & Corporate Development Director

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to share awards held under the Kier Group plc Conditional Share Award Plan 2017 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	91
£ n/a	191

d)

Aggregated information

-  Aggregated volume

-  Price

282 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name        

Hugh Raven

2

Reason for the notification

a)

Position / status

General Counsel and Company Secretary

b)

Initial notification / Amendment

Initial notification

3

Details of issuer

a)

Name

Kier Group plc

b)

LEI

2138002RKCU2OM4Y7O48

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 in Kier Group plc

GB0004915632      

b)

Nature of the transaction

Adjustment to share awards held under the Kier Group plc Conditional Share Award Plan 2017 to reflect the effect of the Rights Issue which closed on 19 December 2018.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ n/a	187
£ n/a	232

d)

Aggregated information

-  Aggregated volume

-  Price

419 shares

n/a per share

e)

Date of the transaction

2019-05-29

f)

Place of the transaction

Outside a trading venue

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