Monchhichi plc Director Share Purchase (2555E)

TIDMMCC

RNS Number : 2555E

Monchhichi plc

05 May 2017

 
 FOR IMMEDIATE RELEASE   5 May 2017 
 

Monchhichi Plc

('Monchhichi' or the 'Company')

Director Share Purchase

On 4 May 2017 Monchhichi CEO Jean-Pascal Tranié acquired 700,000 ordinary shares (c. 1.59% of the Company's issued share capital) at a price of 37p per share. This takes his holding to 1,410,000 ordinary shares representing 3.21% of the Company's issued share capital.

Commenting on yesterday's purchase Jean-Pascal Tranié said:

"I have recently successfully sold my renewable energy business and wish to devote from this point onwards substantially all of my time and energy to the ongoing development of Monchhichi. Being able to put more skin in the game at this junction is attractive for me personally and reflects my growing confidence level that over time, we can deliver a progressive and superior risk / reward profile for all stakeholders".

- Ends -

 
 Enquiries:                                    Tel: [phone] 
  Panmure Gordon (Nominated                                   2500 
  Adviser and Broker) 
  Dominic Morley 
 Buchanan (Financial communications)           Tel: [phone] 
  Richard Oldworth / Henry Harrison-Topham                    5000 
  [e-mail]                   www.buchanan.uk.com 
 

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

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------ 
 a)   Name                Jean-Pascal Tranié 
---  ------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status     Chief Executive 
---  ------------------  ---------------------------------- 
 b)   Initial             Initial Notification 
       notification 
       /Amendment 
---  ------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------ 
 a)   Name                Monchhichi Plc 
---  ------------------  ---------------------------------- 
 b)   LEI 
---  ------------------  ---------------------------------- 
 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         Ordinary Shares in Monchhichi 
       of the financial    Plc 
       instrument, 
       type of             LSE:MCC 
       instrument 
       Identification 
       code 
---  ------------------  ---------------------------------- 
 b)   Nature of           Acquisition of Ordinary Shares 
       the transaction     in Monchhichi Plc 
---  ------------------  ---------------------------------- 
 c)   Price(s)              Price(s)   Volume(s) 
       and volume(s)        ---------  ---------- 
                             37p        700,000 
                            ---------  ---------- 
---  ------------------  ---------------------------------- 
 d)   Aggregated          700,000 ordinary shares purchased 
       information         at a price of 37p per share 
       - Aggregated 
       volume 
       - Price 
---  ------------------  ---------------------------------- 
 e)   Date of             2017-05-04 
       the transaction 
---  ------------------  ---------------------------------- 
 f)   Place of            London Stock Exchange 
       the transaction 
---  ------------------  ---------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Jean-Pascal Tranié

Chief Executive Officer Monchhichi plc

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 05, 2017 03:00 ET (07:00 GMT)