Character Group PLC Director/PDMR Shareholding (6278R)

TIDMCCT

RNS Number : 6278R

Character Group PLC

12 December 2016

12 December 2016

The Character Group plc

("Character Group" or the "Company")

Directors' share dealings

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

Character Group (AIM: CCT) announces it has recently undertaken a series of institutional investor meetings which were well received. In response to demand from institutional and other investors, Kiran Shah, Joint Managing Director, and Jerry Healy (Group Marketing Director) have agreed to make stock available to meet this demand

Jerry Healy and Kiran Shah being Directors of the Company and Persons Discharging Managerial Responsibilities (PDMRs), have notified the Company of share transactions effected in the market by them respectively as follows:

-- On 9 December 2016 Mr Jeremiah Healy Group Marketing Director, exercised 72,000 unapproved share options, at an exercise price of 35.5p per share. Accordingly the Company then allotted to Mr Healy 72,000 Ordinary Shares of 5p each representing 0.34% of the Company's issued voting share capital. Mr Healy has today sold 36,000 Ordinary Shares in the Company at a price of 525p per share. Following this sale, Mr Healy's shareholding in the Company is 36,000 ordinary shares, which represents approximately 0.17% of the Company's issued voting share capital.

-- Kiran Shah, Joint Managing Director, today sold 147,000 Ordinary Shares in the Company at a price of 525p per share. Following this sale, Mr Shah's shareholding interest in the Company is 2,140,001 Ordinary Shares, which represents approximately 10.09% of the Company's issued voting share capital.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a.   Name                             Jeremiah Healy and Kiran Shah 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------- 
 a.   Position/status                  Group marketing director/Joint 
                                        managing director 
---  -------------------------------  -------------------------------------- 
 b.   Initial notification/Amendment   Initial notification 
---  -------------------------------  -------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ----------------------------------------------------------------------- 
 a.   Name                             The Character Group plc 
---  -------------------------------  -------------------------------------- 
 b.   LEI 
---  -------------------------------  -------------------------------------- 
 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                   Ordinary shares of 5 pence 
       the 
       Financial instrument, 
       type of instrument               GB0008976119 
       Identification 
       code 
---  -------------------------------  -------------------------------------- 
 b.   Nature of the transaction        Exercise of share options and 
                                        sale of shares 
---  -------------------------------  -------------------------------------- 
 c.   Price(s) and volume(s)            Name         Price(s)   Volume 
                                        -----------  ---------  ------------ 
                                         Jeremiah     35.5p      72,000 
                                          Healy                   (exercise 
                                                                  share 
                                                                  options) 
                                        -----------  ---------  ------------ 
                                         Jeremiah     525p       36,000 
                                          Healy                   (sale 
                                                                  of shares) 
                                        -----------  ---------  ------------ 
                                         Kiran Shah   525p       147,000 
                                                                  (sale 
                                                                  of shares) 
                                        -----------  ---------  ------------ 
---  -------------------------------  -------------------------------------- 
 d.        Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  -------------------------------------- 
 e.   Date of the transaction          9 December 2016 and 12 December 
                                        2016 
---  -------------------------------  -------------------------------------- 
 f.   Place of the transaction         London Stock Exchange, AIM 
---  -------------------------------  -------------------------------------- 
 

Enquiries:

The Character Group plc

Mark Dowding, Group Finance Director & Company Secretary

Tel: [phone]

Panmure Gordon, Nominated Adviser and Joint Broker

Andrew Godber

Tom Salvesen

Tel: [phone]

Allenby Capital Limited, Joint Broker

Nick Athanas

Katrina Perez

Tel: [phone]

Tooley Street Communications, IR & Media Relations

Fiona Tooley

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 12, 2016 12:31 ET (17:31 GMT)