Quarto Group Inc Director/PDMR Shareholding (3125O)

TIDMQRT

RNS Number : 3125O

Quarto Group Inc

04 November 2016

4 November 2016

The Quarto Group, Inc.

("Quarto", "the Group" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") OR PERSONS CLOSELY ASSOCIATED WITH THEM ("PCA")

In accordance with Disclosure Rule 3.1.4R(1), Quarto announces that it received notice yesterday that Marcus Leaver, Chief Executive Officer, acquired 2,076 shares of common stock of $0.10 each ("Shares") in Quarto at a weighted average price of 284.0 pence per Share on 3 November 2016.

Following this transaction, Marcus Leaver holds 385,459 Shares representing 1.88% of Quarto's issued share capital.

The Company has also received notice that Anna Leaver, Marcus Leaver's wife, yesterday acquired 2,280 Shares at a weighted average price of 282.8 pence per Share on 3 November 2016.

Following this transaction, Anna Leaver holds 7,397 Shares representing 0.036% of Quarto's issued share capital and therefore Marcus Leaver, and persons closely associated with him, hold, in aggregate, 392,856 Shares representing 1.92% of the Company's issued share capital.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1     Details of person discharging managerial 
        responsibilities/person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                              MARCUS LEAVER 
----  --------------------------------  --------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                   CHIEF EXECUTIVE OFFICER / 
                                          PDMR 
----  --------------------------------  --------------------------------- 
 b)    Initial notification/Amendment    INITIAL NOTIFICATION 
----  --------------------------------  --------------------------------- 
 3     Details of the issuer, emissions, allowance 
        market participant, auction platorm, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                              THE QUARTO GROUP, INC. 
----  --------------------------------  --------------------------------- 
 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 of                    SHARES OF COMMON STOCK OF 
        the financial                     US$0.10 EACH ("SHARES") 
        instrument, type 
        of intrument 
       Identification                    US74772E1001 
        Code 
----  --------------------------------  --------------------------------- 
 b)    Nature of the                     ACQUISITION OF SHARES 
        transaction 
----  --------------------------------  --------------------------------- 
 c)    Price(s) and                      Price(s)              Volumes(s) 
        volume(s) 
                                         284.0 PENCE PER       2076 
                                          SHARE (WEIGHTED 
                                          AVERAGE PRICE 
                                          PER SHARE) 
----  --------------------------------  --------------------  ----------- 
 d)    Aggregated information 
       - aggregated 
        volume 
       - price 
----  --------------------------------  --------------------------------- 
 e)    Date of transaction               3 NOVEMBER 2016 
----  --------------------------------  --------------------------------- 
 f)    Place of transaction              LONDON STOCK EXCHANGE (XLON) 
----  --------------------------------  --------------------------------- 
 (1) Commission Delegated Regulation (EU) 2016/522 
  of 17 December 2015 supplementing Regulation 
  (EU) No. 596/2014 of the European Parliament 
  and of the Council as retards an exemption for 
  certain third countries public bodies and central 
  banks, the indicators of market manipulation, 
  the disclosure thresholds, the competent authority 
  for notification of delays, the permission for 
  trading during closed periods and types of notifiable 
  managers' transactions (see page 1 of this Official 
  Journal). 
------------------------------------------------------------------------- 
 1     Details of person discharging managerial 
        responsibilities/person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                              ANNA LEAVER 
----  --------------------------------  --------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                   PERSON CLOSELY ASSOCIATED 
                                          WITH A PDMR (MARCUS LEAVER'S 
                                          WIFE) 
----  --------------------------------  --------------------------------- 
 b)    Initial notification/Amendment    INITIAL NOTIFICATION 
----  --------------------------------  --------------------------------- 
 3     Details of the issuer, emissions, allowance 
        market participant, auction platorm, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                              THE QUARTO GROUP, INC. 
----  --------------------------------  --------------------------------- 
 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 of                    SHARES OF COMMON STOCK OF 
        the financial                     US$0.10 EACH ("SHARES") 
        instrument, type 
        of intrument 
       Identification                    US74772E1001 
        Code 
----  --------------------------------  --------------------------------- 
 b)    Nature of the                     ACQUISITION OF SHARES 
        transaction 
----  --------------------------------  --------------------------------- 
 c)    Price(s) and                      Price(s)              Volumes(s) 
        volume(s) 
   282.8 PENCE PER 
    SHARE (WEIGHTED 
    AVERAGE PRICE 
    PER SHARE)                                                 2280 
  ----------------------------------------------------------  ----------- 
 d)    Aggregated information 
  - aggregated 
   volume 
  - price 
 ------------------------------------------------------  ---------------- 
 e)    Date of transaction               3 NOVEMBER 2016 
----  --------------------------------  --------------------------------- 
 f)    Place of transaction              LONDON STOCK EXCHANGE (XLON) 
----  --------------------------------  --------------------------------- 
 (1) Commission Delegated Regulation (EU) 2016/522 
  of 17 December 2015 supplementing Regulation 
  (EU) No. 596/2014 of the European Parliament 
  and of the Council as retards an exemption for 
  certain third countries public bodies and central 
  banks, the indicators of market manipulation, 
  the disclosure thresholds, the competent authority 
  for notification of delays, the permission for 
  trading during closed periods and types of notifiable 
  managers' transactions (see page 1 of this Official 
  Journal). 
------------------------------------------------------------------------- 
 

Ends

For further information please contact:

   Quarto                                                                                020 7700 9002 
 
 Michael Connole, CFO 
  Dorothée de Montgolfier, Group 
  Director of Communications 
 
   Bell Pottinger                                                                    020 3772 2491 

Elly Williamson

Lucy Stewart

About The Quarto Group:

The Quarto Group (LSE: QRT) is the leading global illustrated non-fiction book publisher and distribution group, whose mission is to make and sell great books that entertain, educate and enrich the lives of adults and children around the world.

Quarto creates and owns proprietary content, publishing books from a diverse portfolio of imprints that are creatively independent and expert in developing long-lasting content across specific niches of interest.

Quarto sells books across 45 countries and in 35 languages through a variety of traditional and non-traditional channels, while constantly looking for new ways to create and deliver content that people need.

Quarto employs over 400 talented people in the US, UK, Hong Kong, Australia and New Zealand. The group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.

For more information, visit quartoknows.com or follow us on Twitter at @TheQuartoGroup.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 04, 2016 03:00 ET (07:00 GMT)