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LONDON - Howden Joinery Group PLC (LSE:HWDN) announced Thursday that four of its executives purchased shares through the company’s Share Incentive Plan (SIP).
Chief Executive Officer Andrew Livingston acquired 19 partnership shares at 827.25 pence per share, for a total of £157.18, according to a regulatory filing.
Three other persons discharging managerial responsibilities (PDMRs) also participated in the plan. Austin Cooke purchased 12 partnership shares and received 4 matching shares, while Guy Eccles acquired 217 partnership shares and was awarded 24 matching shares. Julian Lee bought 18 partnership shares.
Under the SIP terms, eligible employees can purchase partnership shares from their gross pay as a lump sum or monthly contribution. The company awards matching shares in a ratio of one for every three partnership shares purchased, applicable only to the first £600 worth of partnership shares purchased per tax year.
The transactions took place on September 11, with partnership shares purchased on the London Stock Exchange at 827.25 pence per share. The matching shares were awarded outside a trading venue at nil cost.
The company made the disclosure in accordance with UK Market Abuse Regulation requirements through a regulatory news service announcement.
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