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LRD Laird

199.90
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Laird LSE:LRD London Ordinary Share GB00B1VNST91 ORD 28.125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 199.90 199.90 200.20 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Laird PLC Director/PDMR Shareholding (5495B)

04/04/2017 12:52pm

UK Regulatory


Laird (LSE:LRD)
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TIDMLRD

RNS Number : 5495B

Laird PLC

04 April 2017

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE PEOPLE'S REPUBLIC OF CHINA, HONG KONG, THE REPUBLIC OF INDIA, JAPAN, REPUBLIC OF KOREA, MALAYSIA, MEXICO, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, SINGAPORE, SWITZERLAND, TAIWAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.

4 April 2017

Laird PLC ("Laird" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

In accordance with Article 19(3) of the Market Abuse Regulation (2014/596/EU), the transactions below were made by Directors in the Company, or, where indicated, persons closely associated with a Director. They reflect a full take up of Rights under the Rights Issue, connected with the Shares of 28.125 pence each in the Company held directly by the relevant Director or a person closely associated with them.

 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  --------------------------------------------------------- 
 a)    Name                        Dr Martin Read, 
                                    CBE 
----  --------------------------  ----------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------- 
 a)    Position/status             Chairman and Non-Executive 
                                    Director (PDMR) 
----  --------------------------  ----------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ----------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  --------------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ----------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ----------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ----------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ----------------------------- 
 c)    Price(s) and volume(s)        Price(s)       Volume(s) 
                                        85p           37,853 
----  --------------------------  -------------  -------------- 
 d)    Aggregated information 
 
    *    Aggregated Volume         37,853 
 
    *    Price                     85p 
 -------------------------------  ----------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ----------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ----------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        (1) Mr A J Quinlan 
                                    (2) Mrs S Quinlan 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             (1) Executive 
                                    Director and Chief 
                                    Executive (PDMR) 
                                    (2) Person Closely 
                                    Associated to 
                                    Mr A J Quinlan, 
                                    Chief Executive 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
 
                                     (1) 85p       29,247 
                                     (2) 85p       12,005 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         41,252 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Kevin Dangerfield 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Chief Financial 
                                    Officer and Director 
                                    (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p         28,000 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         28,000 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Paula Bell 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Non-Executive 
                                    Director (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p          2,400 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         2,400 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Wu Gang 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Non-Executive 
                                    Director (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p          3,200 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         3,200 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Sir Christopher 
                                    Hum, KCMG 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Non-Executive 
                                    Director (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p          6,400 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         6,400 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Mike Parker, CBE 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Senior Independent 
                                    Director (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p         80,000 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         80,000 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Nathalie Rachou 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Non-Executive 
                                    Director (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p          8,000 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         8,000 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities / 
        person closely associated 
----  ----------------------------------------------------- 
 a)    Name                        Kjersti Wiklund 
----  --------------------------  ------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------- 
 a)    Position/status             Non-Executive 
                                    Director (PDMR) 
----  --------------------------  ------------------------- 
 b)    Initial notification        Initial 
        / Amendment 
----  --------------------------  ------------------------- 
 3     Details of the Issuer, emission 
        allowance market participant, 
        auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------- 
 a)    Name                        Laird PLC 
----  --------------------------  ------------------------- 
 b)    LEI                         549300USVP6R8CB2V215 
----  --------------------------  ------------------------- 
 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              LAIRD PLC ORD 
        the financial               28.125P 
        instrument, type 
        of instrument 
       Identification              GB00B1VNST91 
        code 
----  --------------------------  ------------------------- 
 b)    Nature of the               Take up of Rights 
        transaction                 in relation to 
                                    Laird PLC 4 for 
                                    5 Rights Issue 
----  --------------------------  ------------------------- 
 c)    Price(s) and volume(s)       Price(s)     Volume(s) 
                                       85p         15,520 
----  --------------------------  -----------  ------------ 
 d)    Aggregated information 
 
    *    Aggregated Volume         15,520 
 
    *    Price                     85p 
 -------------------------------  ------------------------- 
 d)    Date of the transaction     3 April 2017 
----  --------------------------  ------------------------- 
 f)    Place of the transaction    London Stock Exchange, 
                                    main market (XLON) 
----  --------------------------  ------------------------- 
 

Each of the persons identified above is a "person discharging managerial responsibility", or PDMR, or a "person closely associated", or PCA, as defined in the Market Abuse Regulation.

Terms used in this Announcement shall have the same meanings as set out in the combined prospectus and circular published by the Company on 28 February 2017 (the "Prospectus").

Enquiries:

 
 Laird plc                        MHP Communications 
  Tony Quinlan, Chief Executive    Reg Hoare 
  Officer                          Jamie Ricketts 
  Kevin Dangerfield, Chief         Tim Rowntree 
  Financial Officer                Ollie Hoare 
  Lucie Harwood, Head of           Tel: +44 (0)20 3128 8100 
  Treasury & Investor Relations 
  Tel: +44 (0)20 7468 4040 
 Rothschild                       J.P. Morgan Cazenove 
  Ravi Gupta                       Michael Wentworth-Stanley 
  Richard Sedlacek                 Richard Perelman 
                                   Charles Pretzlik 
  Tel: +44 (0)20 7280              Tel: +44 (0)20 7777 4000 
  5000 
 Numis 
  Christopher Wilkinson 
  Simon Willis 
  Jamie Loughborough 
  Tel: +44 (0)20 7260 1000 
 

IMPORTANT NOTICE:

This announcement has been issued by and is the sole responsibility of Laird. This announcement is not a prospectus but an advertisement and investors should not acquire any New Shares referred to in this announcement except on the basis of the information contained in the Prospectus by Laird in connection with the Rights Issue. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purpose whatsoever on the information contained in this announcement or on its accuracy or completeness. The information in this announcement is subject to change.

A copy of the Prospectus is available from the registered office of Laird and on Laird's website at www.laird-plc.com. The Prospectus is not, subject to certain exceptions, available (through the website or otherwise) to Shareholders in the United States of America, Australia, Canada, the People's Republic Of China, Hong Kong, the Republic of India, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, the Republic of South Africa, Singapore, Switzerland or Taiwan. Neither the content of Laird's website nor any website accessible by hyperlinks on Laird's website is incorporated in, or forms part of, this announcement. The Prospectus provides further details of the New Shares, the Nil Paid Rights and the Fully Paid Rights being offered pursuant to the Rights Issue.

This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The Nil Paid Rights, the Fully Paid Rights, the New Shares and the Provisional Allotment Letters have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States, except pursuant to an applicable exemption from or in a transaction not subject to the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.. There will be no public offer of the securities in the United States. None of the New Shares, the Nil Paid Rights, the Fully Paid Rights, the Provisional Allotment Letters, the Form of Proxy, this announcement or any other document connected with the Rights Issue has been or will be approved or disapproved by the United States Securities and Exchange Commission or by the securities commissions of any state or other jurisdiction of the United States or any other regulatory authority, and none of the foregoing authorities or any securities commission has passed upon or endorsed the merits of the offering of the New Shares, the Nil Paid Rights, the Fully Paid Rights, the Provisional Allotment Letters, the Form of Proxy or the accuracy or adequacy of this announcement or any other document connected with the Rights Issue. Any representation to the contrary is a criminal offence in the United States.

This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, Nil Paid Rights, Fully Paid Rights or New Shares or to take up any entitlements to Nil Paid Rights in any jurisdiction. No offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, Nil Paid Rights, Fully Paid Rights or New Shares or to take up any entitlements to Nil Paid Rights will be made in any jurisdiction in which such an offer or solicitation is unlawful. The information contained in this announcement is not for release, publication or distribution to persons in the United States or any other Excluded Territory, and should not be distributed, forwarded to or transmitted in or into any jurisdiction, where to do so might constitute a violation of local securities laws or regulations.

The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law, and, therefore, persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction. In particular, subject to certain exceptions, this announcement, the Prospectus and the Provisional Allotment Letters should not be distributed, forwarded to or transmitted in or into the United States or any other Excluded Territory.

Recipients of this announcement and/ or the Prospectus should conduct their own investigation, evaluation and analysis of the business, data and property described in this announcement and/or the Prospectus. This announcement does not constitute a recommendation concerning any investor's options with respect to the Rights Issue. The price and value of securities can go down as well as up. Past performance is not a guide to future performance. The contents of this announcement are not to be construed as legal, business, financial or tax advice. Each Shareholder or prospective investor should consult his, her or its own legal adviser, business adviser, financial adviser or tax adviser for legal, financial, business or tax advice.

Notice to all investors

J.P. Morgan Securities plc (which conducts its UK investment banking services as "J.P. Morgan Cazenove") is authorised in the United Kingdom by the PRA and regulated in the United Kingdom by the FCA and the PRA. N M Rothschild & Sons Limited ("Rothschild") and Numis Securities Limited ("Numis") are each authorised and regulated in the United Kingdom by the FCA. J.P. Morgan Cazenove, Numis and Rothschild are acting exclusively for Laird and are acting for no one else in connection with the Rights Issue and will not regard any other person as a client in relation to the Rights Issue and will not be responsible to anyone other than Laird for providing the protections afforded to their respective clients, nor for providing advice in connection with the Rights Issue or any other matter, transaction or arrangement referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on J.P. Morgan Cazenove and Rothschild in their capacities as Joint Sponsors by the FSMA, none of J.P. Morgan Cazenove, Numis or Rothschild accept any responsibility or liability whatsoever and make no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, fairness, sufficiency, completeness or verification or for any other statement made or purported to be made by it, or on its behalf, in connection with Laird or the Nil Paid Rights, Fully Paid Rights, Provisional Allotment Letters, New Shares or the Rights Issue and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or future. Each of J.P. Morgan Cazenove, Numis and Rothschild accordingly disclaims to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise (save as referred to above) which it might otherwise have in respect of this announcement or any such statement. Each of J.P. Morgan Cazenove, Numis and Rothschild and/or their affiliates provides various investment banking, commercial banking and financial advisory services from time to time to Laird.

No person has been authorised to give any information or to make any representations other than those contained in this announcement, the Prospectus and the Provisional Allotment Letters and, if given or made, such information or representations must not be relied on as having been authorised by Laird or J.P. Morgan Cazenove, Numis and Rothschild. Subject to the Listing Rules, the Prospectus Rules and the Transparency Rules of the Financial Conduct Authority and the Disclosure Requirements, the issue of this announcement shall not, in any circumstances, create any implication that there has been no change in the affairs of Laird since the date of this announcement or that the information in it is correct as at any subsequent date.

J.P. Morgan Cazenove, Numis and their respective affiliates, acting as investors for their own accounts, may, in accordance with applicable legal and regulatory provisions, engage in transactions in relation to the Nil Paid Rights, the Fully Paid Rights, the New Shares and/or related instruments for their own account for the purpose of hedging their underwriting exposure or otherwise. Accordingly, references in the Prospectus to the Nil Paid Rights, Fully Paid Rights, Provisional Allotment Letters or New Shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, J.P. Morgan Cazenove, Numis and any of their respective affiliates acting as investors for their own accounts. Except as required by applicable law or regulation, J.P. Morgan Cazenove and Numis do not propose to make any public disclosure in relation to such transactions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 04, 2017 07:52 ET (11:52 GMT)

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