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LONDON - Howden Joinery Group Plc (LSE:HWDN) granted 29 free shares each to its executive directors and persons discharging managerial responsibilities (PDMRs) under the company’s Share Incentive Plan (SIP), according to a regulatory filing on Tuesday.
The awards, issued on September 1, were allocated to seven company officials including Chief Executive Officer Andrew Livingston and Chief Financial Officer Jackie Callaway. Five additional PDMRs also received identical allocations: Austin Cooke, Guy Eccles, Julian Lee, James Mackenzie, and Richard Sutcliffe.
The free shares awarded under the SIP are not subject to performance conditions. The company stated that under normal circumstances, the awards will vest in full provided the recipient remains a "Qualifying Employee" until the third anniversary of the grant date, as defined in the plan rules.
No consideration was paid for the acquisition of the awards, which were made outside a trading venue.
The notification was made in accordance with the requirements of the UK Market Abuse Regulation, as stated in the company’s press release.
Howden Joinery Group, which specializes in kitchen and joinery products, trades on the London Stock Exchange under the ticker HWDN.
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