Morgan Sindall Group plc (the�"Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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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).
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| 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 the financial instrument, type of instrument � Identification code � | Ordinary shares of 5 pence each � ISIN: GB0008085614� | |||||||||
| b) | Nature of the transaction | Grant of conditional awards over Ordinary Shares on 2 March 2020, under the Company's 2014 Long Term Incentive Plan, adopted by the Company on 30 July 2014 ("2014 LTIP"). Each conditional award will vest on 2 March 2023 subject to the satisfaction of 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 award 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) |
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| d) | Aggregated information -���� Aggregated volume -���� Price | As above � | |||||||||
| e) | Date of the transaction | 2 March 2020 | |||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||
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