Character Group PLC Transaction in Own Shares & Directors Shareholding (6064D)

TIDMCCT

RNS Number : 6064D

Character Group PLC

27 April 2017

27 April 2017

The Character Group plc

("Character Group" or the "Company")

Directors' share dealings and Transaction in Own Shares

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them and transaction in own shares

Directors' share dealings

Character Group (AIM: CCT) the designer, developer and international distributor of branded toys, games and giftware, announces that Mr. Mark Dowding and Mr. Jeremiah Healy, being Directors of the Company and Persons Discharging Managerial Responsibilities (PDMRs), have notified the Company of share purchase transactions effected in the market by them respectively as follows:

-- Mr. Mark Dowding, Group Finance Director and Company Secretary, purchased 8,000 Character Group ordinary shares at a price of 470 pence per share. Following this purchase, Mr. Dowding's shareholding in the Company has increased to 108,000 ordinary shares, which represents approximately 0.51% of the Company's issued voting share capital.

-- Mr. Jeremiah Healy, Group Marking Director, purchased 5,000 Character Group ordinary shares at a price of 470 pence per share. Following this purchase, Mr. Healy's shareholding in the Company has increased to 41,000 ordinary shares, which represents approximately 0.19% of the Company's issued voting share capital.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a.   Name                             Mr. Mark Dowding and Mr. Jeremiah 
                                        Healy 
---  -------------------------------  ------------------------------------ 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a.   Position/status                  Group Finance Director and Company 
                                        Secretary/Group Marketing 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        Purchase of shares 
---  -------------------------------  ------------------------------------ 
 c.   Price(s) and volume(s)            Name            Price(s)   Volume 
                                        --------------  ---------  ------- 
                                         Mr. Mark 
                                          Dowding        470        8,000 
                                        --------------  ---------  ------- 
                                         Mr. Jeremiah 
                                          Healy          470        5,000 
                                        --------------  ---------  ------- 
---  -------------------------------  ------------------------------------ 
 d.        Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  ------------------------------------ 
 e.   Date of the transaction          27 April 2017 
---  -------------------------------  ------------------------------------ 
 f.   Place of the transaction         London Stock Exchange, AIM 
---  -------------------------------  ------------------------------------ 
 

Transaction in Own Shares

In continuing its stated objective to enhance shareholder value, Character Group (AIM:CCT.L) announces that, on 27 April 2017, it bought-back for cancellation 75,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 470 pence per Ordinary Share. The Ordinary Shares acquired for cancellation represent approximately 0.35 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice (taking into account the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 21,143,352 ("Revised Issued Voting Share Capital").

The Company has an unutilised capacity to buy back up to a further 3,139,700 Ordinary Shares under the authority granted at the Annual General Meeting on 22 January 2016.

Character Group holds 3,269,456 Ordinary Shares in treasury which do not carry voting rights and these represent approximately 15.46 per cent. of the Revised Issued Voting Share Capital.

The figure of 21,143,352 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by Panmure Gordon (UK) Limited on behalf of the Group as part of the buy-back programme.

Schedule 1: Summary of buy-back transactions

 
 Date of purchase :           27 April 2017 
---------------------------  -------------- 
 Number of Ordinary Shares 
  purchased:                  75,000 
---------------------------  -------------- 
 Highest price paid per 
  share (pence)               470 
---------------------------  -------------- 
 Lowest price paid per 
  share (pence)               470 
---------------------------  -------------- 
 Average price paid per 
  share (pence)               470 
---------------------------  -------------- 
 

Schedule 2: Details of buy-back transactions

 
 Time (hh:mm   Number of           Transaction 
  - GMT)        Ordinary            price (pence 
                Shares purchased    per share) 
------------  ------------------  -------------- 
 09:11         75,000              470 
------------  ------------------  -------------- 
 

Enquiries:

The Character Group plc

Jon Diver, Joint Managing Director

Kiran Shah, Joint Managing Director

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

POSEASLXADEXEFF

(END) Dow Jones Newswires

April 27, 2017 11:33 ET (15:33 GMT)