Director/PDMR Shareholding

RNS Number : 3961O
Galliford Try PLC
01 October 2019
 

Galliford Try plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

Galliford Try plc (the "Company") notifies that the following conditional awards, previously granted under the Galliford Try plc 2016 Long Term Incentive Plan ("LTIP"), over ordinary shares of 50 pence in the Company were released on 1 October 2019 to the persons discharging managerial responsibilities ("PDMR") detailed below:

PDMR

No. of ordinary shares under the award

Date of grant of the award

K Corbett

3,263

16 November 2016

A Hammond

3,666

16 November 2016

B Hocking

4,619

16 November 2016

S Teagle

3,915

16 November 2016

The conditional LTIP award granted to Graham Prothero on 16 November 2016 will vest on the third anniversary of grant on 16 November 2019.

On 1 October 2019, the following PDMRs' ordinary shares were sold at £6.695 per share to meet tax withholding liabilities associated with the vesting of the aforementioned awards:

PDMR

No. of  ordinary shares sold

K Corbett

1,534

A Hammond

1,724

B Hocking

2,171

S Teagle

1,841

The information below (set out in accordance with the requirements of the EU Market Abuse Regulation) provides further detail:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kevin Corbett

2

Reason for Notification

a)

Position/status

General Counsel and Company Secretary / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

3,263

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Hammond

2

Reason for Notification

a)

Position/status

Chief Executive, Linden Homes / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

3,666

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bill Hocking

2

Reason for Notification

a)

Position/status

Chief Executive, Construction & Investments / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

4,619

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Teagle

2

Reason for Notification

a)

Position/status

Chief Executive, Partnerships and Regeneration / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan in accordance with the Plan rules.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

3,915

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kevin Corbett

2

Reason for Notification

a)

Position/status

General Counsel and Company Secretary / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.695

1,534

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Hammond

2

Reason for Notification

a)

Position/status

Chief Executive, Linden Homes / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.695

1,724

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bill Hocking

2

Reason for Notification

a)

Position/status

Chief Executive, Construction & Investments / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.695

2,171

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Teagle

2

Reason for Notification

a)

Position/status

Chief Executive, Partnerships and Regeneration / PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Galliford Try plc

b)

LEI

213800OOHUV3HHP46A02

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 of 50 pence each in Galliford Try plc

GB00B3Y2J508

b)

Nature of the transaction

Shares sold to meet the tax withholding liabilities arising from the vesting of conditional awards granted under the Galliford Try plc 2016 Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£6.695

1,841

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

1 October 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

For further enquiries:

Galliford Try plc

Kevin Corbett, Company Secretary

01895 855001





Clara Melia, Investor Relations

07748 171 236




Tulchan Communications

James Macey White

0207 353 4200


Martin Pengelley



Matt Low


 

Notes to Editors

Galliford Try plc is a leading UK housebuilding, regeneration and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250.  Housebuilding - through our Linden Homes business - develops private and affordable homes in prime locations. Galliford Try Partnerships - our regeneration business - delivers mixed-tenure solutions working with housing association, local authority and private sector partners.  Operating as Galliford Try and Morrison Construction, our Construction business carries out building and infrastructure with clients in the public, private and regulated sectors. At the end of the last financial year to 30 June 2019, the Group generated revenue of £2.8 billion.

 


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