Breedon Group PLC has announced the granting of share options to Rob Wood, the Chief Executive Officer and a Person Discharging Managerial Responsibilities (PDMR) within the company. The options allow Wood to purchase 10,000 ordinary shares at an option price of £3.16 per share under the terms of the company's Savings Related Share Option Scheme. These options have a savings term of 5 years and are exercisable between 1 June 2029 and 31 November 2029.
This notification is in compliance with the requirements of Article 19 of the UK Market Abuse Regulation. The company's General Counsel and Head of Investor Relations can be contacted for further information. The transaction was conducted on 5 April 2024 and the details have been disclosed as per regulatory obligations.
The granting of these options to the Chief Executive Officer demonstrates the company's commitment to aligning the interests of its management with those of its shareholders. This move can be seen as a way to incentivize and retain top talent within the organization, ensuring a focus on long-term value creation.
This announcement provides transparency regarding the company's internal transactions and demonstrates its adherence to regulatory standards. It also offers insight into the company's approach to executive compensation and its efforts to link management incentives with the long-term performance and success of the business.