MORGAN SINDALL GROUP PLC
21 November 2019
Director Shareholding
Morgan Sindall Group plc (the Company) announces that it has been notified of the following transaction in the Company's ordinary 5p shares undertaken by John Morgan, Chief Executive.
On 20 November 2019, John Morgan exercised 106,364 share options which were granted to him under the rules of the Company's Executive Remuneration Plan 2005 on 17 March 2010 at an option price of £5.55 per share. These options were due to lapse on 16 March 2020 if not exercised. He subsequently sold these shares at a market price of £13.64 per share. John Morgan's interests in the ordinary shares of the Company are unchanged a result of this transaction at 4,284,519 shares.
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 the person discharging managerial responsibilities / person closely associated
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| a)
| Name
| John Christopher Morgan | |||
| 2
| Reason for the notification | ||||
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| Position/status | Chief Executive | |||
| b)
| Initial notification /Amendment | Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| 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
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| a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 5p | |||
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| Identification code | GB0008085614 | ||||
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| b)
| Nature of the transaction
| Acquision of 106,364 at £5.55 per share following the exercise of share options granted in 2010 under Part B of the Morgan Sindall Executive Remuneration Plan 2005 and subsequent sale of 106,364 shares at £13.64 per share. | |||
| c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £13.64 | 106,364 |
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| d)
| Aggregated information | N/a single transaction | |||
| - Aggregated volume |
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| - Price |
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| e)
| Date of the transaction
| 20 November 2019 | |||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | |||