Skip to main content

Section 430(2B) Companies Act 2006 Statement

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

On 16 October 2020, the Company announced that Mark Robson would step down from his position as Deputy Chief Executive Officer & Chief Financial Officer and Director of the Company with effect from 26 December 2020. He will leave the Group on 31 May 2021. The following arrangements will apply in respect of Mark’s remuneration and payments for loss of office:

1. Mark will continue to receive his base salary and benefits pursuant to his service contract until 31 May 2021, during which period he will remain at the Company’s disposal.

2. Following the termination of his employment on 31 May 2021, Mark will receive payment in lieu of basic salary in respect of his unserved notice period (paid in equal monthly instalments). He will also receive payment for any accrued but unused holiday.

3. Mark will not receive an annual bonus in respect of the period following 26 December 2020.

4. In accordance with the Company’s approved loss of office policy, unvested awards under the 2019 and 2020 Performance Share Plan will be pro-rated for the proportion of the performance period in which Mark was employed and will vest on their normal vesting dates of 2 May 2022 and 7 August 2023 respectively, subject to satisfaction of performance conditions. Provided that Mark provides evidence to the Company to demonstrate that he continues to satisfy the post-employment shareholding rule set out in section 6 of the Shareholding Policy for so long as that requirement is in force, these awards will not be subject to a post-vest holding period.

5. Mark’s share awards held in the Share Incentive Plan will be released to him following his termination date.

6. Mark’s deferred bonus shares awarded pursuant to his 2019 bonus entitlements will vest on the normal vesting date subject to the rules of the Deferred Bonus Plan.

7. The Company will make a contribution towards Mark’s legal fees in connection with these arrangements of up to a maximum of £7,000 plus VAT.

8. All payments to Mark will be subject to deductions for tax and national insurance contributions. Other than the amounts disclosed above, Mark will not be eligible for any other payments for loss of office.

Full details of all payments made to and receivable by Mark will be disclosed in the Company’s Directors Remuneration Report for the financial year ending 26 December 2020, and subsequent years, if applicable.


8 January 2021

HOWDENS Making space more valuable

culture & people

Business model and Strategy

Find out more about our business model and strategy, the markets in which we operate and our strategic approach to protect our unique business model and ensure that the business continues to grow.
Depot Signage 557x485

Our depots

As a familiar sight across towns and cities in the UK and Europe, our depots are always within easy reach, so a trade professional never has far to travel to find their nearest Howdens. Get to know more about how each one operates.
our history


Our sustainable behaviour is at the heart of our business and enables us to reduce some of our risks. We take great pride in ensuring that our business positively impacts the world around us and the people within it.

In the community

We are passionate about supporting the local communities we operate in, which is why our depots and support staff actively seek ways to give something back. Whether it is running half marathons or sponsoring local Scout groups, discover the many ways we help good causes.
Our Products resized

Our products

With more than 80 kitchen styles, an exclusive appliance brand, Lamona, and thousands of products across joinery and hardware, learn why our builders have come to trust the range and quality of the products we offer.
business strategy

People & Careers

The Sunday Times named Howdens as one of the top 25 big companies to work for. Discover why Howdens is a great place to work, how we develop our people and reward them, whilst building a culture with an entrepreneurial spirit.
Financial results resized

Financial Results

Download copies of the latest financial results for Howdens both past and present including the associated presentations and Interim Management Statements released between results announcements.
Governance resized


Howdens is a responsible business which was founded on the tenet that the Company should be worthwhile for all concerned, with a commitment to the people within its reach and the wider world. Here we provide the links to the framework that informs our decisions and outcomes.