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 nil cost share options on 2 March 2020, 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 2019.�� Each nil cost option will mature and become exercisable from 2 March 2023. The share price used to determine the number of nil cost options is �18.57.� 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) |
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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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