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10 July 2014
MJ GLEESON GROUP PLC (the "Company")
Issue of Equity
The Company advises that an application has been made for 543,397 new ordinary shares of 2 pence each in the Company to be admitted to trading on the Main Market of the London Stock Exchange and to listing on the Official List of the UKLA. The application relates to the issue of shares under the Company's performance share plan which was approved by the Company's shareholders in December 2007. The Remuneration Committee has resolved that the performance conditions attaching to the awards have been satisfied.
The 543,397 new ordinary shares will rank pari passu with all existing ordinary shares. Dealings in the new ordinary shares are expected to commence at 8 a.m. on 15 July 2014. The total number of ordinary shares with voting rights in issue following the issue of these new ordinary shares will be 53,697,481.
The above figure (53,697,481) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
M J Gleeson Group plc
Jolyon Harrison Chief Executive Officer 0114 261 2900
Alan Martin Chief Financial Officer 01252 360 300
Notes to Editors
MJ Gleeson Group plc operates in the house building sector through the following business units; Gleeson Homes, which focuses on estate regeneration and housing development on brownfield land in the North of England; and Gleeson Strategic Land, which purchases options over land in the South of England with the objective of enhancing the value of the site concerned by securing residential planning permission.
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