BREEDON GROUP PLC has announced that participants of the company's Performance Share Plan (PSP) have been allotted a total of 291,231 ordinary shares as a consequence of the vesting of awards made under the PSP in 2021. This includes additional shares calculated to reflect dividends declared during the period from grant until vesting, in accordance with the PSP rules.
Rob Wood, the Chief Executive Officer, acquired 93,383 shares and sold 43,715 to cover tax liability, resulting in a net acquisition of 49,668 shares. James Brotherton, the Chief Financial Officer, acquired 54,134 shares and sold 25,342 to cover tax liability, resulting in a net acquisition of 28,792 shares. Both acquisitions are subject to a two-year post-vesting holding period.
Following the transactions, Mr. Wood and Mr. Brotherton will have a total interest in 394,070 and 43,792 Ordinary Shares, equating to 0.115% and 0.013% of the Company's issued share capital, respectively.
The notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation. For further information, inquiries can be directed to Breedon Group plc.
The transactions were conducted outside a trading venue, with the sale of shares to cover tax and national insurance liabilities taking place on the London Stock Exchange plc.
This notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are in line with regulatory requirements.