Driver Group plc Exercise of Options & Total Voting Rights (8780H)

TIDMDRV

RNS Number : 8780H

Driver Group plc

13 June 2017

Driver Group plc

("Driver" or the "Company")

Exercise of Options and Total Voting Rights

Driver announces that it has issued 500,000 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of historic share options by Mark Wheeler, Chief Operating Officer and PDMR of the Company over 400,000 New Shares and also by an employee. Following the exercise, Mr. Wheeler holds 400,000 ordinary shares in the Company. Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM, with dealings expected to commence on 16 June 2017 ("Admission").

Following Admission, the Company will have a total of 53,862,868 Ordinary Shares in issue each carrying one voting right. The Company does not hold any Ordinary Shares in Treasury. This figure of 53,862,868 Ordinary Shares 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 
 Enquiries: 
 Driver Group plc 
  Gordon Wilkinson, Group      [phone] 
  Chief Executive              Email:[e-mail] 
 
                               [phone] 
  Hugh Cawley, CFO             Email: [e-mail] 
 N+1 Singer (Nominated 
  Adviser & Broker) 
  Sandy Fraser 
  Alex Laughton-Scott        [phone] 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                       Mark Wheeler 
---  -------------------------  ------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status            Chief Operating Officer of 
                                  Driver Group plc 
---  -------------------------  ------------------------------------ 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                       Driver Group 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             Ordinary Shares of 0.4p each 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN Code: GB00B0L9C092 
       Identification 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the                   (i) Exercise of options 
       transaction                     (ii) Exercise of options 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)       Price(s):              Volume(s): 
                                         (i) 21.5 pence    200,000 
                                          (ii) Nil          200,000 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    12/06/2017 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   Off market 
---  -------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 13, 2017 02:01 ET (06:01 GMT)