Share Name Share Symbol Market Type Share ISIN Share Description
Anpario LSE:ANP London Ordinary Share GB00B3NWT178 ORD 23P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 410.00p 405.00p 415.00p 410.00p 410.00p 410.00p 4,353 07:55:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 24.3 2.7 12.8 32.1 94.27

Anpario PLC Director/PDMR Shareholding

21/09/2017 3:30pm

UK Regulatory (RNS & others)


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RNS Number : 4787R

Anpario PLC

21 September 2017

Anpario plc

("Anpario" or the "Company")

Director/PDMR Shareholding

Anpario announces that on 20 September 2017 Karen Prior, Finance Director (the "Director") of the Company sold interests in ordinary shares of 23p each in the Company ("Ordinary Shares") as set out in the table below. These interests, as joint beneficial owner, were held on the terms of joint ownership agreements entered into in September 2011 under the Company's Joint Share Ownership Plan ("JSOP") which had become fully vested. The disposal was effected by the exercise of conversion options requiring the co-owner (the plan trustee) to exchange tranches of their respective interests so that the Director acquires a beneficial interest in a whole number of shares equal in value to the gain accrued under the terms of the JSOP award. The Director immediately sold in the market such number of shares in the Company at a price per share of GBP3.80 per Ordinary Share.

 
 Name of Director     No. of jointly    No. of Ordinary   No. of Ordinary 
                      owned Ordinary    Shares acquired       Shares Sold 
                              Shares        on exercise 
                                            of exchange 
------------------  ----------------  -----------------  ---------------- 
 Karen Prior                 175,000            125,018           125,018 
------------------  ----------------  -----------------  ---------------- 
 

The remaining 49,982 Ordinary Shares formerly held in joint ownership have been acquired by RBC cees Limited as trustee of The Anpario plc Group Employees' Share Trust (the "Trustee") (the "Trust") pursuant to the exercise of the conversion options by the Trustee in its capacity as co-owner.

Ordinary Shares issued under the Company's JSOP

Anpario also announces that, on 20 September 2017, it has allotted 125,018 new Ordinary Shares. The Ordinary Shares have been issued at a subscription price of GBP3.75 per Ordinary Share, being the closing price of an Ordinary Shares on 19 September 2017, pursuant to The Anpario plc Employees' JSOP (the "Plan").

The Ordinary Shares have been issued into the respective joint beneficial ownership of (i) the participating executive Director, Karen Prior and (ii) the trustee of the Trust upon and subject to the terms of joint ownership agreements ("JOAs") respectively entered into between the Director, the Company and the Trustee. The subscription price has been paid by the Trust out of funds advanced to it by the Company.

In addition, 49,982 existing Ordinary Shares, which as previously described had been acquired by the Trustee on the exercise of conversion options in respect of shares formerly held in joint ownership, have been transferred by the Trustee, for no consideration, into the respective joint beneficial ownership of (i) each of the participating executive Directors named below and (ii) the Trustee upon and subject to the terms of the JOAs respectively entered into between the Director concerned, the Company and the Trustee.

The terms of the JOAs provide, inter alia, that if jointly owned shares become vested and are sold, the proceeds of sale will be divided between the joint owners so that the participating Director receives an amount equal to any growth in the market value of the jointly owned Ordinary Shares above the initial market value (GBP3.75 pence per share), less a "carrying cost" (equivalent to simple interest at 4.5 per cent per annum on the initial market value) and the Trust receives the initial market value of the jointly owned shares plus the carrying cost. Jointly owned Ordinary Shares will become vested if the participant remains with the Company for a minimum period of 3 years.

 
 
 

Effect of the transactions

Following the above transactions, the beneficial interests held by Karen Prior will be as follows:

Jointly Owned 23p Ordinary Shares:

 
 Existing      Jointly     Jointly        Interests             New interests   Remaining 
  interests     owned       owned          in jointly            in jointly      interests 
  in jointly    Ordinary    Ordinary       owned Ordinary        owned           in jointly 
  owned         Shares      Shares         Shares transferred    Ordinary        owned 
  Ordinary      acquired    transferred    from the              Shares          Ordinary 
  Shares        and         to the         Trustee               issued          Shares 
                sold        Trustee        to Directors          under 
                under       under          under the             JSOP 
                the         the JSOP       JSOP 
                JSOP 
------------  ----------  -------------  --------------------  --------------  ------------ 
   1,200,000   (125,018)       (49,982)                49,982         125,018     1,200,000 
------------  ----------  -------------  --------------------  --------------  ------------ 
 
   Beneficially Owned 23p Ordinary Shares:       202,836 

Share Options:

   EMI                                                                  122,400 
   SAYE                                                               4,015 

Application for Ordinary Shares

Application for admission to AIM has also been separately made in relation to 125,018 Ordinary Shares, and it is expected that admission will be effective on 27 September 2017.

The Company's issued share capital following the admission of the Ordinary Shares will comprise 23,261,362 Ordinary Shares with voting rights. The Company holds 143,042 Ordinary Shares in Treasury. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 23,118,320 and 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 Disclosure and Transparency Rules.

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

 
              1                 Details of the person discharging managerial responsibilities/person closely 
                                associated 
----------------  ---------------------------------------------------------------------------------------------------- 
              a)                Name                                  Karen Prior 
----------------  ------------------------------------  -------------------------------------------------------------- 
              2                 Reason for the notification 
----------------  ---------------------------------------------------------------------------------------------------- 
                                Position/status                       Director 
a) 
----------------  ------------------------------------  -------------------------------------------------------------- 
              b)                Initial                               Initial notification 
                                notification/Amendment 
----------------  ------------------------------------  -------------------------------------------------------------- 
              3                 Details of the issuer, emission allowance market participant, auction platform, 
                                auctioneer 
                                or auction monitor 
----------------  ---------------------------------------------------------------------------------------------------- 
              a)                Name                                  Anpario plc 
----------------  ------------------------------------  -------------------------------------------------------------- 
              b)                LEI                                   213800BZHUIUCH3MCC06 
----------------  ------------------------------------  -------------------------------------------------------------- 
              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 the                    Purchase of ordinary shares of 23 pence each in 
                                financial instrument,                 the Company ("Ordinary Shares") 
                                type of instrument                    ISIN GB00B3NWT17 
                                Identification code 
----------------  ------------------------------------  -------------------------------------------------------------- 
              b)                Nature of the                         Sale of Ordinary Shares 
                                transaction 
----------------  ------------------------------------  -------------------------------------------------------------- 
              c)                Price(s) and volume(s)                              Price(s)                Volume(s) 
                                                                       ----------------------  ----------------------- 
                                                                                     380p                    125,018 
                                                                       ----------------------  ----------------------- 
----------------  ------------------------------------  -------------------------------------------------------------- 
              d)                Aggregated information                              Price(s)                Volume(s) 
                                                                       ----------------------  ----------------------- 
                                                                                     380p                    125,018 
                                                                       ----------------------  ----------------------- 
----------------  ------------------------------------  -------------------------------------------------------------- 
              e)                Date of the                           2017-09-20 
                                transaction 
----------------  ------------------------------------  -------------------------------------------------------------- 
              f)                Place of the                          London Stock Exchange (XLON), AIM 
                                transaction 
----------------  ------------------------------------  -------------------------------------------------------------- 
 

Enquiries

Anpario plc

   Richard Edwards, Chief Executive Officer           +44 (0) 791 955 2040 

Peel Hunt LLP

   Adrian Trimmings                                             +44 (0) 207 418 8900 

George Sellar

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 21, 2017 10:30 ET (14:30 GMT)

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