LONDON - Howden Joinery Group PLC (LSE:HWDN) has reported that on Monday, senior managers participated in the company's Share Incentive Plan (SIP), purchasing ordinary shares at a price of 774.5 pence each. The transactions took place on the London Stock Exchange (LON:LSEG) and were part of a structured employee share purchase program.
The company disclosed that Chief Executive Officer William Andrew Livingston, Chief Financial Officer Paul Hayes, and another person discharging managerial responsibilities (PDMR), George Julian Lee, acquired 19, 20, and 19 partnership shares respectively under the SIP. The SIP allows eligible employees to acquire shares through lump sum or monthly contributions from their gross pay.
The total value of the shares purchased by Livingston amounted to GBP 147.16, while Hayes' shares totaled GBP 154.90, and Lee's shares equaled GBP 147.16. These acquisitions reflect the company's commitment to encouraging its management team to invest in the company's future.
The notification of these transactions is in compliance with the UK Market Abuse Regulation (MAR), which mandates the disclosure of such dealings by persons in managerial positions.
Howden Joinery Group PLC, known for supplying kitchen and joinery products to trade customers, has made this information public in accordance with regulatory requirements. The company's actions demonstrate transparency and adherence to corporate governance standards.
This report is based on a press release statement and provides a factual account of the share purchases made by the company's executives.
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