Diurnal Group PLC Director Dealing and Issue of Equity (1101W)

TIDMDNL

RNS Number : 1101W

Diurnal Group PLC

09 November 2017

9 November 2017

Diurnal Group plc

("Diurnal" or the "Company")

Director Dealing and Issue of Equity

On 8 November 2017, Diurnal issued a total of 109,296 new ordinary shares of 5 pence in the Company ("Shares") under the Diurnal Group plc Long Term Incentive Plan (the "Plan"), including 69,565 new Shares to persons discharging managerial responsibilities ("PDMR"):

 
 PDMR              Total number of Shares   Nature of issuance 
                    issued 
----------------  -----------------------  -------------------- 
 Martin Whitaker   69,565                   Vesting of Deferred 
                                             Bonus Award 
 

The Shares issued were awarded on a deferred basis on 8 November 2016, as previously notified on 9 November 2016. Upon receipt of these shares, Martin Whitaker subsequently sold 33,650 ordinary shares to settle payment of all tax and NI requirements in relation to the award as set out in the notification below.

Issue of equity

Application has been made to AIM for the admission of the 109,296 new Shares, which is anticipated to occur at 8.00am on 15 November 2017. The Company has also made application for admission to AIM at the same time of the following shares that have previously been duly issued and allotted but not admitted to trading: 110,000 new Shares issued on 12 April 2017 in respect of the exercise of options by a former employee at an exercise price of 43.77p per new Share; 10,791 new Shares issued on 7 September 2017 in respect of the vesting of shares to Mr John Goddard, NED of the Company, at a price of 5p per new Share (as announced on 7 September 2017); 100,000 new Shares issued on 21 September 2017 in respect of the exercise of options by a former director at an exercise price of 0.2p per new Share; and 29,000 new Shares issued on 21 September 2017 in respect of the exercise of options by an employee at an exercise price of 43.77p per new Share.

Following admission of the new Shares, the Company's total issued share capital will be 52,569,846 Ordinary Shares. Therefore, the total number of voting rights in the Company is 52,569,846. 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 and Transparency Rules.

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

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                            Martin Whitaker 
----  ------------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                 Chief Executive Officer 
----  ------------------------------  ----------------------------------- 
 b)    Initial notification            Initial notification 
        /Amendment 
----  ------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                            Diurnal Group plc 
----  ------------------------------  ----------------------------------- 
 b)    LEI                             213800I2HNUNZN1LDH29 
----  ------------------------------  ----------------------------------- 
 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                   each in Diurnal Group plc 
        instrument, type 
        of instrument 
---- 
 
       Identification                  GB00BDB6Q760 
        code 
 
 b)    Nature of the                   Vesting of awards under the 
        transaction                     Diurnal Group plc Long Term 
                                        Incentive Plan as follows: 
 
                                        EMI deferred bonus award 
                                        over 9,730 ordinary shares. 
 
                                        Non-EMI deferred bonus award 
                                        over 59,835 ordinary shares. 
----  ------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                   ---------------  --------------- 
                                        Price(s)         Volume(s) 
----                                   ---------------  --------------- 
                                        120p             9,730 
                                       ---------------  --------------- 
                                        120p             59,835 
                                       ---------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume             69,565 ordinary shares 
 
  - Price                         GBP83,478.00 
 
 e)    Date of the transaction         8 November 2017 
----  ------------------------------  ----------------------------------- 
 f)    Place of the transaction        Off market 
----  ------------------------------  ----------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------- 
 a)    Name                           Martin Whitaker 
----  -----------------------------  --------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------- 
 a)    Position/status                Chief Executive Officer 
----  -----------------------------  --------------------------------- 
 b)    Initial notification           Initial notification 
        /Amendment 
----  -----------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------- 
 a)    Name                           Diurnal Group plc 
----  -----------------------------  --------------------------------- 
 b)    LEI                            213800I2HNUNZN1LDH29 
----  -----------------------------  --------------------------------- 
 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                  each in Diurnal Group plc 
        instrument, type 
        of instrument 
---- 
 
       Identification                 GB00BDB6Q760 
        code 
 
 b)    Nature of the                  Sale of 33,650 shares 
        transaction 
----  -----------------------------  --------------------------------- 
 c)    Price(s) and volume(s) 
----                                  ----------------  ------------ 
                                       Price(s)          Volume(s) 
----                                  ----------------  ------------ 
    134.7p per 
     share                                               33,650 
   ---------------------------------------------------  ------------ 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume            33,650 ordinary shares 
 
  - Price                        GBP45,326.55 
 
 e)    Date of the transaction        8 November 2017 
----  -----------------------------  --------------------------------- 
 f)    Place of the transaction       XLON 
----  -----------------------------  --------------------------------- 
 
 
 For further information, please visit www.diurnal.co.uk 
  or contact: 
 
                                           [phone] 
 Diurnal Group plc                          1000 
 Martin Whitaker, Chief Executive 
  Officer 
 Richard Bungay, Chief Financial 
  Officer 
 
 Numis Securities Ltd (Nominated           [phone] 
  Adviser)                                  1000 
 Nominated Adviser: Michael Meade, 
  Paul Gillam, Freddie Barnfield 
 Corporate Broking: James Black 
 
 Panmure Gordon (UK) Limited (Joint        [phone] 
  Broker)                                   2500 
 Corporate Finance: Freddy Crossley 
  / Duncan Monteith 
 Corporate Broking: Tom Salvesen 
 
                                           [phone] 
 FTI Consulting                             1000 
 Simon Conway 
 Victoria Foster Mitchell 
 

Notes to Editors

About Diurnal Group plc

Founded in 2004, Diurnal is a UK-based specialty pharma company developing high quality products for the global market for the life-long treatment of chronic endocrine conditions, including Congenital Adrenal Hyperplasia and Adrenal Insufficiency. Its expertise and innovative research activities focus on circadian-based endocrinology to yield novel product candidates in the rare and chronic endocrine disease arena.

For further information about Diurnal, please visit www.diurnal.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFSIFAUFWSEFF

(END) Dow Jones Newswires

November 09, 2017 13:19 ET (18:19 GMT)