Director/PDMR Shareholding

RNS Number : 0172P

Gleeson(M J)Group PLC

13 August 2014

 

M J GLEESON GROUP PLC (the "Company")

Director/PDMR Shareholding

The Company has been notified today that, on 13 August 2014, the following Directors and Persons Discharging Management Responsibility sold ordinaryshares of 2 pence each ("Ordinary Shares") in the Company pursuant to the terms of a trading plan entered into on 10 July 2014. The details of the transactions are set out below:

Name	Position	Number of Ordinary Shares sold	Average price per Ordinary Share	Beneficial interest in Ordinary Shares following the sale	Beneficial interest in Ordinary Shares following the sale (%)
Jolyon Harrison	Director	5,202	£3.40	1,444,843	2.69%
Alan Martin	Director	3,107	£3.40	56,413	0.11%
Scott Chamberlin	PDMR	1,073	£3.40	50,261	0.09%

The principal purpose of the sales are to settle income tax and national insurance liabilities arising from the Ordinary Shares that recently vested, pursuant to the Company's performance share plan which was approved by the Company's shareholders in December 2007, as notified on the 22 July 2014.

This notification is made in accordance with DTR 3.1.4 R(1). 

Enquiries:

M J Gleeson Group plc

Alan Martin Chief Financial Officer 01252 360 300

Notes to Editors

MJ Gleeson Group plc operates in the house building sector through the following business units; Gleeson Homes, which focuses on estate regeneration and housing development on brownfield land in the North of England; and Gleeson Strategic Land, which purchases options over land in the South of England with the objective of enhancing the value of the site concerned by securing residential planning permission.

 

END

 

 

RDSKXLBFZVFXBBF