REG - Morgan Sindall Grp - Director/PDMR Shareholding

Morgan SindallAnnouncement

14/05/2024 15:15

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RNS Number : 4135O  Morgan Sindall Group PLC  14 May 2024

Morgan Sindall Group plc (the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

The following notification is intended to satisfy the Company's obligations
under Article 19.3 of EU Regulation No 596/2014 (the Market Abuse Regulation).

 

 1.  Details of Restricted Person/person closely associated with them ("PCA")
 a)  Name                                                            Kelly Gangotra
 2.  Reason 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)  Name                                                            Morgan Sindall Group plc
 b)  LEI                                                             2138008339ULDGZRB345
 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     Ordinary shares of 5 pence each

     Identification code

                                                                     ISIN: GB0008085614
 b)  Nature of the transaction                                       Grant of two conditional awards over Ordinary Shares on 14 May 2024, under the
                                                                     Company's 2023 Long Term Incentive Plan, adopted by the Company on 1 August
                                                                     2023 ("2023 LTIP"). As set out in the Company's 2023 Annual Report, the awards
                                                                     consist of an annual award of 150% of salary plus an additional one-off award
                                                                     of 50% of salary in 2024 to compensate for existing long-term incentives held
                                                                     and forfeited on appointment. Each conditional award will vest on 14 May 2027
                                                                     subject to the satisfaction of the performance criteria. Each conditional
                                                                     award carries a right to receive, on vesting, an amount linked to dividends
                                                                     paid on the Ordinary Shares subject to the conditional award. The dividend
                                                                     equivalent can be settled in cash or Ordinary Shares of the Company.  The
                                                                     vesting of the awards will also be subject to a two-year holding period
                                                                     whereby any vested shares (net of any tax liability) will be retained in the
                                                                     Company's appointed nominee in accordance with the Company's directors'
                                                                     remuneration policy.
 c)  Price(s) and volume(s)                                          Name            Price(s)  Volume(s)
                                                                     Kelly Gangotra  N/A       30,376
                                                                     Kelly Gangotra  N/A       10,125
 d)  Aggregated information                                          As above

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                                          14 May 2024
 f)  Place of the transaction                                        Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

As above

 

e)

Date of the transaction

 14 May 2024

f)

Place of the transaction

Outside a trading venue

 

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