Big Yellow Group PLC Director/PDMR Shareholding (3081J)

TIDMBYG

RNS Number : 3081J

Big Yellow Group PLC

08 September 2016

7 September 2016

Big Yellow Group PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
---  ------------------------------------------------------------ 
 a)   Name                   1. James Gibson 
                              2. Adrian Lee 
                              3. John Trotman 
---  ---------------------  ------------------------------------- 
 b)   Position /             1. Chief Executive Officer 
       status                 2. Operations Director 
                              3. Chief Financial Officer 
---  ---------------------  ------------------------------------- 
 c)   Initial notification   Initial Notification in each 
       / amendment            case 
---  ---------------------  ------------------------------------- 
 2.   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            Ordinary Shares of Big Yellow 
       of the financial       Group PLC (the "Company"). 
       instrument 
---  ---------------------  ------------------------------------- 
 b)   Nature of              In each case, on 6 September 
       the transaction        2016 the Executive Directors 
                              exercised nil paid options over 
                              ordinary shares of 10 pence 
                              (the "Options") granted under 
                              the Company's Long Term Incentive 
                              Plan. 
                              Each of the messrs Gibson, Lee 
                              and Trotman exercised the following 
                              Options at an average price 
                              of 766.71 pence per share: 
                              1. Mr Gibson exercised an option 
                              to purchase 66,098 shares under 
                              the Company's Long Term Incentive 
                              Plan at nil pence per share. 
                              He sold these shares at an average 
                              price of 766.71 pence per share. 
                              Following these transactions, 
                              Mr Gibson's holding has remained 
                              at 2,479,700 shares, representing 
                              1.57% of the issued share capital 
                              of the Company. 
                              2. Mr Lee exercised an option 
                              to purchase 45,804 shares under 
                              the Company's Long Term Incentive 
                              Plan at nil pence per share. 
                              He sold 21,596 shares at an 
                              average price of 766.71 pence 
                              per share in order to pay the 
                              associated PAYE and National 
                              Insurance, retaining the remaining 
                              24,208 shares. Following this 
                              transaction, Mr Lee's beneficial 
                              holding has increased to 854,643 
                              shares, representing 0.54% of 
                              the issued share capital of 
                              the Company. 
                              3. Mr Trotman exercised an option 
                              to purchase 45,804 shares under 
                              the Company's Long Term Incentive 
                              Plan at nil pence per share. 
                              He sold 21,596 shares at an 
                              average price of 766.71 pence 
                              per share in order to pay the 
                              associated PAYE and National 
                              Insurance, and also sold a further 
                              14,208 shares at an average 
                              price of 766.71 pence per share, 
                              retaining the remaining 10,000 
                              shares. Following this transaction, 
                              Mr Trotman's beneficial holding 
                              has increased to 154,658 shares, 
                              representing 0.10% of the issued 
                              share capital of the Company. 
---  ---------------------  ------------------------------------- 
 c)   Price(s) and             Price(s)           Volume(s) 
       volume(s)               -----------------  ---------- 
                                1. 766.71 pence    66,098 
                               -----------------  ---------- 
                                2. 766.71 pence    45,804 
                               -----------------  ---------- 
                                3. 766.71 pence    45,804 
                               -----------------  ---------- 
---  ---------------------  ------------------------------------- 
 d)   Aggregated              157,706 shares 
       information             766.71 pence 
       Aggregated 
       volume Price 
---  ---------------------  ------------------------------------- 
 e)   Date of the            6 September 2016 
       transaction 
---  ---------------------  ------------------------------------- 
 f)   Place of the           London Stock Exchange, Main 
       transaction            Market (XLON) 
---  ---------------------  ------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 08, 2016 04:10 ET (08:10 GMT)