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KIER GROUP PLC Director's Dealing 2023
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3565X
Kier Group PLC
19 December 2023
19 DECEMBER 2023
KIER GROUP PLC
Notification of transactions by persons discharging managerial responsibilities
Kier Group plc (the "Company") announces that on 18 December 2023, the persons discharging managerial responsibilities ("PDMRs") referred to below were allocated ordinary shares of 1 pence each in the capital of the Company ("Shares"), as a result of the vesting of awards made to them in December 2020 under the Kier Group plc 2020 Long-Term Incentive Plan (the "LTIP Vesting").
The numbers of Shares referred to below represent the vested Shares allocated to each PDMR following deductions for income tax and national insurance contributions due on the release of the Shares.
| PDMR | Number of Shares allocated under LTIP Vesting on 18 December 2023 |
| Mr A O B Davies1 | 332,344 |
| Mr S J Kesterton1 | 270,623 |
| Ms A Amar | 55,219 |
| Mr A W Bradshaw | 46,403 |
| Ms L Finlay | 52,590 |
| Mr G Incutti | 82,172 |
| Mr M R Pengelly | 98,606 |
| Mr L P Thomas | 88,024 |
| Ms S Timms | 22,342 |
| Mr S J Togwell | 103,537 |
1 Following the acquisition of these Shares, Mr Davies and Mr Kesterton will own 1,528,582 and 1,098,872 Shares, representing 0.34% and 0.25% of the Company's issued share capital, respectively.
For tax purposes, the market value of a Share for the LTIP Vesting was £1.05, being the closing price of a Share on 15 December 2023. No consideration was paid for the acquisition of these Shares. The Shares acquired by Mr Davies and Mr Kesterton under the LTIP Vesting are subject to a two-year post-vesting holding period. The LTIP Vesting was subject to the satisfaction of certain performance criteria over a three-year performance period which ran from 1 July 2020 to 30 June 2023.
The following notifications are made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.
For enquiries please contact:
Jaime Tham
Company Secretary
07801 975672
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Davies
2
Reason for the notification
a)
Position / status
Chief Executive
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 332,344 |
d)
Aggregated information
- Aggregated volume
- Price
332,344 shares
Nil
e)
Date and time of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Kesterton
2
Reason for the notification
a)
Position / status
Chief Financial Officer
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 270,623 |
d)
Aggregated information
- Aggregated volume
- Price
270,623 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alpna Amar
2
Reason for the notification
a)
Position / status
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 55,219 |
d)
Aggregated information
- Aggregated volume
- Price
55,219 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Bradshaw
2
Reason for the notification
a)
Position / status
Group Managing Director - Natural Resources, Nuclear & Networks
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 46,403 |
d)
Aggregated information
- Aggregated volume
- Price
46,403 shares
Nil
e)
Date and time of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Louisa Finlay
2
Reason for the notification
a)
Position / status
Chief People Officer
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 52,590 |
d)
Aggregated information
- Aggregated volume
- Price
52,590 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Giuseppe Incutti
2
Reason for the notification
a)
Position / status
Group Managing Director - Transportation
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 82,172 |
d)
Aggregated information
- Aggregated volume
- Price
82,172 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Pengelly
2
Reason for the notification
a)
Position / status
Managing Director - EKFB
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 98,606 |
d)
Aggregated information
- Aggregated volume
- Price
98,606 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Leigh Thomas
2
Reason for the notification
a)
Position / status
Group Managing Director - Property
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 88,024 |
d)
Aggregated information
- Aggregated volume
- Price
88,024 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sophie Timms
2
Reason for the notification
a)
Position / status
Corporate Affairs 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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 22,342 |
d)
Aggregated information
- Aggregated volume
- Price
22,342 shares
Nil
e)
Date and time of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stuart Togwell
2
Reason for the notification
a)
Position / status
Group Managing Director - Construction
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
Allocation of shares following the vesting of awards made under the Kier Group plc 2020 Long-Term Incentive Plan. The awards were granted on 18 December 2020 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 103,537 |
d)
Aggregated information
- Aggregated volume
- Price
103,537 shares
Nil
e)
Date of the transaction
2023-12-18
f)
Place of the transaction
Outside a trading venue
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