MJ GLEESON PLC

Director's Dealing • Oct 21, 2022

National Storage Mechanism | Additional information

RNS Number : 7694D

MJ Gleeson PLC

21 October 2022

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

21 October 2022

MJ Gleeson Plc

("the Company")

Performance Share Plan award to Directors and PDMRs

The Company announces that on 20 October 2022, under the Company's Long Term Incentive Plan (the "Plan"), that the Directors and Persons Discharging Management Responsibilities ("PDMR") listed below were granted nil-cost share options (the "Options") over a total of 654,826 Ordinary shares of 2p each in the Company ("Shares").

DIRECTOR / PDMR	Number of Shares subject to Option
Stefan Allanson (Chief Financial Officer)	127,839
Mark Knight (Chief Executive, Gleeson Homes)	76,142
James Pitt (Managing Director, Gleeson Land)	47,525
Leanne Johnson (Company Secretary)	6,980

These awards were granted pursuant to the Plan approved by shareholders in December 2016 and amended by the Board in accordance with paragraph 19.2 of the Plan, in December 2019.

No consideration was paid for the grant of the Options. The number of Shares subject to the Options was calculated based on a share price of 394p, being the mid-market closing price, as derived from the London Stock Exchange daily Official List, for dealings on 19 October 2022.

Vesting of the Options is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2025. For Stefan Allanson, these targets will be disclosed in the Company's FY22 Annual Report. 

The Options will vest, and will be capable of exercise (subject to achieving the applicable performance targets) as follows:

DIRECTOR / PDMR	Vesting period	Anticipated Vesting Date
Stefan Allanson	5 years	The date the Company announces its financial results in 2027
Mark Knight	3 years	The date the Company announces its financial results in 2025
James Pitt	3 years	The date the Company announces its financial results in 2025
Leanne Johnson	3 years	The date the Company announces its financial results in 2025

The Awards will be satisfied using market purchase shares, to be acquired by and held in the Company's employee benefit trust.

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Stefan

b)

Last Name

Allanson

2.

Reasons for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

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

Identification Code

Ordinary Shares of £0.02 each

GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	127,839

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

20 October 2022

f)

Place of the transaction

Off market

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Mark

b)

Last Name

Knight

2.

Reasons for the notification

a)

Position / status

Chief Executive, Gleeson Homes

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

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

Identification Code

Ordinary Shares of £0.02 each

GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	76,142

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable- single transaction

e)

Date of the transaction

20 October 2022

f)

Place of the transaction

Off market

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

James

b)

Last Name

Pitt

2.

Reasons for the notification

a)

Position / status

Managing Director, Gleeson Land

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

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

Identification Code

Ordinary Shares of £0.02 each

GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	47,525

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

20 October 2022

f)

Place of the transaction

Off market

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Leanne

b)

Last Name

Johnson

2.

Reasons for the notification

a)

Position / status

Company Secretary

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

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

Identification Code

Ordinary Shares of £0.02 each

GB00BRKD9Z53

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	6,980

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable- single transaction

e)

Date of the transaction

20 October 2022

f)

Place of the transaction

Off market

Enquiries:

Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc	Tel: 01142 612 900

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