Grant of Options
James Halstead plc announced the grant of 280,000 share options to Persons Discharging Managerial Responsibilities (PDMRs) under its Long-term Incentive Plan 2024. The options, granted on 9 April 2026, have an exercise price of 100 pence and are exercisable between the third and tenth anniversaries of the grant date, subject to performance criteria and clawback provisions. Group Executive Chairman Mark Halstead received 80,000 options, Group Chief Executive Gordon R Oliver received 100,000, and Group Finance Director David W Drillingcourt received 100,000. Following this grant, the total number of ordinary shares under option is 3,644,950, representing 0.88% of the current issued share capital.
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James Halstead plc (AIM: JHD) announces that in accordance with the rules of the James Halstead plc Long-term Incentive Plan 2024, the Remuneration Committee has granted 280,000 options to Persons Discharging Managerial Responsibilities ("PDMRs") as listed below.
| PDMR | Position | Number of Options granted | Exercise Price (p) | Total No. of Options now held | Total No. of Options held as percentage of current issued share capital |
|---|---|---|---|---|---|
| Mark Halstead | Group Executive Chairman | 80,000 | 100.00 | 460,000 | 0.110% |
| Gordon R Oliver | Group Chief Executive | 100,000 | 100.00 | 480,000 | 0.115% |
| David W Drillingcourt | Group Finance Director | 100,000 | 100.00 | 370,000 | 0.089% |
The date of the grant is 9 April 2026, and the period of exercise is between the third and tenth anniversary from the date of the grant. The vesting of the award is dependent upon the achievement of a performance criteria and is subject to the operation of Malus and Clawback provisions, as set out in the rules of the James Halstead plc Long-term Incentive Plan 2024.
Following the grant of the Options the total number of ordinary shares in the Company under option is 3,644,950 representing 0.88% of the current issued share capital.
The notification set out below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Mark Halstead 2. Gordon Richard Oliver 3. David William Drillingcourt |
| 2 | Reason for the notification | |
| a) | Position/status | Classified as PDMRs of the Company |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | James Halstead plc |
| b) | LEI | 213800C8FFBYVO6UL498 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 5p each GB00B0LS8535 |
| b) | Nature of the transaction | Grant of Share Options |
| c) | Price(s) and volume(s) | Exercise Prices per share Volume(s) 1. 100 p 2. 100 p 3. 100 p 1. 80,000 2. 100,000 3. 100,000 |
| d) | Aggregated information - Aggregated volume - Price | 280,000 100 p |
| e) | Date of the transaction | 9 April 2026 |
| f) | Place of the transaction | London Stock Exchange - AIM |
Name of authorised official of issuer responsible for making notification:
David Fletcher, Company Secretary to James Halstead plc
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.