Kromek Group PLC Director/PDMR Shareholding (8885W)

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RNS Number : 8885W

Kromek Group PLC

14 February 2017

14 February 2017

Kromek Group plc

("Kromek" or the "Company" or the "Group")

Director/PDMR Shareholding

Further to the announcement by the Company on 10 February 2017, Sir Peter Williams, the non-Executive Chairman of the Company, has confirmed to the Company that he was allocated, and hence purchased, 14,814 ordinary shares of 1 pence each in the Company ("Ordinary Shares") as part of the open offer announced on 25 January 2017.

The Company has further been informed that on 13 February 2017, Sir Peter Williams bought 35,186 Ordinary Shares at a price of 22.19 pence per Ordinary Share, in the open market.

Following the purchases Sir Peter Williams is beneficially interested in 80,000 Ordinary Shares, representing 0.1 per cent. of the current issued share capital of the Company.

The Company has also been informed that Derek Bulmer, the Chief Financial Officer of the Company, was allocated, and hence purchased, 23,934 Ordinary Shares as part of the open offer. Following the purchase Mr Bulmer is beneficially interested in 63,934 Ordinary Shares, representing 0.1 per cent. of the current issued share capital of the Company.

Finally, further to the announcement made by the Company on 13 February 2017, Jerel Whittingham, a non-Executive Director, has confirmed that he has today purchased 4,440 Ordinary Shares at a price of 21.45 pence per Ordinary Share. Following his purchase Mr Whittingham is beneficially interested in 114,890 Ordinary Shares, representing 0.1 per cent. of the current issued share capital of the Company.

Enquiries

 
 Kromek Group plc                  01740 626 060 
 Arnab Basu, CEO 
  Derek Bulmer, CFO 
 
 Cenkos Securities plc             0207 397 8900 
 Bobbie Hilliam (NOMAD) 
  Harry Pardoe 
 
 Luther Pendragon                  0207 618 9100 
 Harry Chathli, Claire Norbury, 
  Alexis Gore 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Sir Peter Williams 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Non-Executive Chairman 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Kromek 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 1p each 
       the financial 
       instrument, type 
       of instrument 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Purchase of Ordinary Shares 
       transaction 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)      Volume(s) 
                                   ------------  ---------- 
                                    20p (Offer 
                                     price)       14,814 
                                   ------------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   14,814 Ordinary Shares 
 
       - Price 
                                   20p per Ordinary Share 
---  -------------------------  ---------------------------- 
 e)   Date of the transaction    13 February 2017 
---  -------------------------  ---------------------------- 
 f)   Place of the transaction   N/a 
---  -------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Sir Peter Williams 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Non-Executive Chairman 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Kromek 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 1p each 
       the financial 
       instrument, type 
       of instrument 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Purchase of Ordinary Shares 
       transaction 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    22.19p     35,186 
                                   ---------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   35,186 Ordinary Shares 
 
       - Price 
                                   22.19p per Ordinary Share 
---  -------------------------  ---------------------------- 
 e)   Date of the transaction    13 February 2017 
---  -------------------------  ---------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Derek Bulmer 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Kromek 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 1p each 
       the financial 
       instrument, type 
       of instrument 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Purchase of Ordinary Shares 
       transaction 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)      Volume(s) 
                                   ------------  ---------- 
                                    20p (Offer 
                                     price)       23,934 
                                   ------------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   23,934 Ordinary Shares 
 
       - Price 
                                   20p per Ordinary Share 
---  -------------------------  ---------------------------- 
 e)   Date of the transaction    13 February 2017 
---  -------------------------  ---------------------------- 
 f)   Place of the transaction   N/a 
---  -------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Jerel Whittingham 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 

       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Kromek 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 1p each 
       the financial 
       instrument, type 
       of instrument 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Purchase of Ordinary Shares 
       transaction 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    21.45p     4,440 
                                   ---------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   4,440 Ordinary Shares 
 
       - Price 
                                   21.45p per Ordinary Share 
---  -------------------------  ---------------------------- 
 e)   Date of the transaction    14 February 2017 
---  -------------------------  ---------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ---------------------------- 
 

About Kromek Group plc

Kromek Group plc is a UK technology company (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT"). Using its core CZT technology, Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.

The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

The Group's business model provides a vertically integrated technology offering to customers, from the growth of CZT crystals to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").

The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.

Currently, the Group has over a hundred full time employees across its global operations. Further information on Kromek Group is available at www.kromek.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 14, 2017 12:25 ET (17:25 GMT)