Director/PDMR Shareholding
Breedon Group plc has announced that Abicad Holding Limited, a person closely associated with Non-executive Chair Amit Bhatia, acquired a total of 400,000 ordinary shares on November 24th and 25th, 2025, at a price of 369.6423 pence per share, through the exercise of option agreements. Following these transactions, Abicad Holding Limited holds approximately 19.12% of the company's issued share capital, with potential to increase to 19.35% if all remaining options are exercised. This represents a continuation of Abicad's previously stated intention to make market purchases over time.
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Notification of transactions by Directors/Persons Discharging Managerial Responsibilities (PDMR) and Persons Closely Associated with them (PCA)
The Company has been notified that:
- on 24 November 2025, Abicad Holding Limited (Abicad), a PCA of Amit Bhatia, Non-executive Chair of Breedon Group plc (Company) and PDMR, has acquired 200,000 ordinary shares of £0.01 each in the Company (Shares) at the price of 369.6423 pence per Share upon the exercise of the third tranche of the option agreements entered into on 27 November 2024 (and notified to the market on 2 December 2024) (the Option Agreements); and
- on 25 November 2025, Abicad acquired a further 200,000 Shares at the price of 369.6423 pence per Share upon the exercise of the fourth tranche of the Option Agreements.
Under the Option Agreements the relevant option tranche is automatically exercised and the relevant Shares are acquired if the closing price of a Breedon ordinary share is below or equal to the relevant exercise price for that tranche on the option expiration date.
Following the exercise of the first four tranches of the Option Agreements, Abicad currently holds 66,254,894 Shares, equating to approximately 19.12% of the Company's total issued share capital (at today's date). If all of the Shares are acquired under the remaining tranches of the Option Agreements and Abicad does not dispose of any of its existing interests in the Shares, Abicad would have an aggregate interest in 67,054,894 Shares, equating to approximately 19.35% of the Company's total issued share capital (at today's date).
The acquisitions of the Shares described above, and any potential future acquisitions, represent a continuation of Abicad's previously announced intention to make market purchases of the Shares over time.
| a) | Name | Breedon Group plc | ||||
| b) | LEI | 213800DQGNQE3X76WS92 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BM8NFJ84 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares pursuant to an option to acquire shares from a market counterparty | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information (if any) - Aggregated volume - Price | |||||
| e) | Date of transaction | 2025-11-24 | ||||
| f) | Place of the transaction | Outside a trading venue |
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Abicad Holding Limited, a person closely associated with Amit Bhatia | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-executive Director and PDMR | ||||
| b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
| a) | Name | Breedon Group plc | ||||
| b) | LEI | 213800DQGNQE3X76WS92 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each GB00BM8NFJ84 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares pursuant to an option to acquire shares from a market counterparty | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information (if any) - Aggregated volume - Price | |||||
| e) | Date of transaction | 2025-11-25 | ||||
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.