Conviviality PLC Issue of Equity (9044N)

TIDMCVR

RNS Number : 9044N

Conviviality PLC

31 October 2016

31 October 2016

Conviviality Plc

(the "Company")

Issue of Equity and Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations

Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces that the Board of the Company has issued 417,695 ordinary shares of GBP0.0002 each in the Company ("Ordinary Shares") to employees under the Conviviality Retail Share Incentive Plan ("SIP"). The Ordinary Shares are to be issued as free share awards under the SIP at a price of GBP2.02 each.

As part of the awards made under the SIP, the following Ordinary Shares have been issued to Diana Hunter and Andrew Humphreys:

 
 PDMR               Number of new Ordinary   Date of award 
                     Shares issued as part 
                     of the SIP 
 Diana Hunter       1,485                    24 October 2016 
 Andrew Humphreys   1,485                    24 October 2016 
 

Under the rules of the SIP and except in certain circumstances, there is a holding period of three years during which an employee cannot withdraw the free shares from the SIP.

Application will be made for the 417,695 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 4 November 2016. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. Nil consideration is due in connection with the issue of the 417,695 new Ordinary Shares.

Following allotment of the new Ordinary Shares, the total issued share capital of the Company will consist of 172,475,338 Ordinary Shares with one voting right per share.

The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of voting rights in the Company is 172,475,338. This figure 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 FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Conviviality Plc                     Tel: [phone] 
  Diana Hunter, Chief Executive 
  Officer 
  Andrew Humphreys, Chief Financial 
  Officer 
 Investec Bank plc (NOMAD &           Tel: [phone] 
  Joint Broker) 
  Garry Levin / David Flin / 
  Daniel Adams 
 Zeus Capital (Joint Broker)          Tel: [phone] 
  John Goold / Adam Pollock / 
  Nick Cowles 
 FTI Consulting                       Tel: [phone] 
  Jonathon Brill / Alex Beagley 
  / Tom Hufton 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a.   Name                             Diana Hunter 
---  -------------------------------  ----------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------- 
 b.   Position/status                  CEO 
---  -------------------------------  ----------------------------- 
 c.   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a.   Name                             Conviviality Plc 
---  -------------------------------  ----------------------------- 
 b.   LEI                              n/a 
---  -------------------------------  ----------------------------- 
 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               Ordinary shares of GBP0.0002 
       financial instrument,            each 
       type of instrument               GB00BC7H5F74 
       Identification code 
---  -------------------------------  ----------------------------- 
 b.   Nature of the transaction        Award of free shares 
                                        under the Conviviality 
                                        Retail Share Incentive 
                                        Plan 
---  -------------------------------  ----------------------------- 
 c.   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         Nil         1,485 
                                        ----------  ---------- 
---  -------------------------------  ----------------------------- 
 d.   Aggregated information           Not applicable - single 
                                        transaction 
---  -------------------------------  ----------------------------- 
 e.   Date of the transaction          24(th) October 2016 
---  -------------------------------  ----------------------------- 
 f.   Place of the transaction         Outside of a trading 
                                        venue 
---  -------------------------------  ----------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a.   Name                             Andrew Humphreys 
---  -------------------------------  ----------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------- 
 a.   Position/status                  CFO 
---  -------------------------------  ----------------------------- 
 b.   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a.   Name                             Conviviality Plc 
---  -------------------------------  ----------------------------- 
 b.   LEI                              n/a 
---  -------------------------------  ----------------------------- 
 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               Ordinary shares of GBP0.0002 
       financial instrument,            each 
       type of instrument               GB00BC7H5F74 
       Identification code 
---  -------------------------------  ----------------------------- 
 b.   Nature of the transaction        Award of free shares 
                                        under the Conviviality 
                                        Retail Share Incentive 
                                        Plan 
---  -------------------------------  ----------------------------- 
 c.   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         Nil         1,485 
                                        ----------  ---------- 
---  -------------------------------  ----------------------------- 
 d.   Aggregated information           Not applicable - single 
                                        transaction 
---  -------------------------------  ----------------------------- 
 e.   Date of the transaction          24(th) October 2016 
---  -------------------------------  ----------------------------- 
 f.   Place of the transaction         Outside of a trading 
                                        venue 
---  -------------------------------  ----------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEUARNRNBAROAA

(END) Dow Jones Newswires

October 31, 2016 12:11 ET (16:11 GMT)