TIDMMGNS

RNS Number : 9598G

Morgan Sindall Group PLC

07 March 2018

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                             John Morgan (Chief Executive) 
                                        Steve Crummett (Finance Director) 
---  -------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status                  Members of the Board of directors 
---  -------------------------------  ------------------------------------------ 
 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                   Ordinary shares of 5 pence each 
       the financial 
       instrument, type                 ISIN: GB0008085614 
       of instrument 
       Identification 
       code 
---  -------------------------------  ------------------------------------------ 
 b)   Nature of the                    Grant of nil cost share options 
       transaction                      on 6 March 2018, under the Company's 
                                        Deferred Bonus Plan, adopted 
                                        by the Company on 28 November 
                                        2017 ("DPB"). The nil cost options 
                                        granted are equivalent to 30% 
                                        of the annual bonus earned for 
                                        the year ended 31 December 2017. 
                                        Each nil cost option will mature 
                                        and become exercisable from 
                                        6 March 2021. The share price 
                                        used to determine the number 
                                        of nil cost options is GBP12.29. 
                                        Each nil cost option carries 
                                        a right to receive, on maturity, 
                                        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. 
---  -------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)            Name              Price(s)    Volume(s) 
                                        ----------------  ----------  ---------- 
                                         John Morgan          N/A       14,967 
                                        ----------------  ----------  ---------- 
                                         Steve Crummett       N/A       11,934 
                                        ----------------  ----------  ---------- 
---  -------------------------------  ------------------------------------------ 
 d)        Aggregated information                 As above 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  ------------------------------------------ 
 e)   Date of the transaction          6 March 2018 
---  -------------------------------  ------------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 07, 2018 04:27 ET (09:27 GMT)

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