H&T Group PLC Director Dealings and Issue of Equity (1260I)

TIDMHAT

RNS Number : 1260I

H&T Group PLC

25 August 2016

25th August 2016

H&T Group plc

Director Dealings and Issue of Equity

H&T Group plc ("H&T" or "the Group") announces that it was informed on 24 August 2016 that on 24 August 2016, John Nichols, Chief Executive Officer, and Steve Fenerty, Finance Director, exercised options over a total of 138,630 ordinary shares of 5p each in the Company pursuant to the H&T 2006 Option Scheme (the "Options"), as set out in the table below:

 
 Director         Total number of options   Exercise price 
                   exercised                 (p) 
---------------  ------------------------  --------------- 
 John Nichols     87,397                    182.5p 
---------------  ------------------------  --------------- 
 Steve Fenerty    51,233                    182.5p 
---------------  ------------------------  --------------- 
 

The Company has issued and allotted 138,630 new ordinary shares of 5p each pursuant to the exercise of the Options. The Company has also issued and allotted a further 8,991 new ordinary shares of 5p each pursuant to the exercise of options by employees.

Accordingly, an application has been made for a total of 147,621 new ordinary shares in the Company to be admitted to trading on AIM and it is expected that admission will take place on 1 September 2016. The new ordinary shares will rank pari passu with the existing shares of the Company.

Following Admission, the Company's enlarged issued share capital will comprise 37,003,885 ordinary shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company is therefore 37,003,885.

This figure of 37,003,885 ordinary shares may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

Simultaneous with the exercise of the Options, the Company was informed on 24 August 2016 that on 24 August 2016 John Nichols sold a total of 87,397 ordinary shares in the Company at a price of 288.0 pence per share and Steve Fenerty sold a total of 51,233 ordinary shares in the Company at a price of 288.0 pence per share. Following these share sales both John Nichols' and Steve Fenerty's interests in the Company remain unchanged. Mr Nichols holds a total of 1,079,530 ordinary shares in the Company representing 2.92% of the Company's issued share capital and Mr Fenerty holds a total of 305,933 ordinary shares in the Company representing 0.83% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------ 
 a)    Name                       John Nichols 
                                   Steve Fenerty 
----  -------------------------  --------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------ 
 a)    Position/status            CEO and Finance Director 
----  -------------------------  --------------------------------------- 
 b)    Initial notification       Initial notification 
        /Amendment 
----  -------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
----  ------------------------------------------------------------------ 
 a)    Name                       H&T Group plc 
----  -------------------------  --------------------------------------- 
 b)    LEI                        2138006N2X1XSBSDSU74 
----  -------------------------  --------------------------------------- 
 4     Details of the transaction(s): section to be 
        repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; 
        and (iv) each place where transactions have 
        been conducted 
----  ------------------------------------------------------------------ 
 a)    Description of             H&T GROUP PLC Ordinary shares 
        the financial              of 5 pence 
        instrument, type 
        of instrument 
                                   GB00B12RQD06 
        Identification 
        code 
----  -------------------------  --------------------------------------- 
 b)    Nature of the              Sale of Ordinary Shares 
        transaction 
----  -------------------------  --------------------------------------- 
 c)    Price(s) and                 Director         Price (p)   Volume 
        volume(s)                   ---------------  ----------  ------- 
                                     John Nichols     288.0       87,397 
                                    ---------------  ----------  ------- 
                                     Steve Fenerty    288.0       51,233 
                                    ---------------  ----------  ------- 
----  -------------------------  --------------------------------------- 
       Aggregated information 
 
        - Aggregated 
        volume                      138,630 
 
 d)     - Price                     288.0p 
----  -------------------------  --------------------------------------- 
 e)    Date of the transaction    24 August 2016 
----  -------------------------  --------------------------------------- 
 f)    Place of the               London Stock Exchange, AIM 
        transaction 
----  -------------------------  --------------------------------------- 
 

- ENDS -

For further information, please contact:

H&T Group plc

Tel: [phone]

John Nichols, Chief Executive

Steve Fenerty, Finance Director

Numis Securities (Broker and Nominated Adviser)

Tel: [phone]

Mark Lander - Corporate Broking

Freddie Barnfield - Nominated Adviser

Haggie Partners (Public Relations)

Tel: [phone]

Damian Beeley

Brian Norris

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 25, 2016 03:59 ET (07:59 GMT)