Scapa Group PLC Director/PDMR Shareholding (2106V)

TIDMSCPA

RNS Number : 2106V

Scapa Group PLC

26 January 2017

26 January 2017

SCAPA GROUP PLC

('the Company')

Director/PDMR Notification

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

Scapa Group plc (AIM: SCPA), a global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets, was notified on 25 January 2017 that James Archibald Simpson Wallace, Group Chairman of the Company, sold 150,000 ordinary shares of 5 pence each in the share capital of the Company ('Ordinary Shares') at a price of 320 pence per Ordinary Share and 250,000 ordinary shares of 5 pence each in the share capital of the Company ('Ordinary Shares') at a price of 321 pence per Ordinary Share on 25 January 2017, as detailed below.

On 15 December 2016, Mr Wallace announced his retirement as Chairman of the Board of Scapa Group plc with effect from 31 March 2017, at which point Mr Larry Pentz will assume Chairmanship.

Following the sale Mr. Wallace holds 70,000 Shares in the Company.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                            James Archibald Simpson 
                                       Wallace 
---  ------------------------------  --------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position / status               Group Chairman 
---  ------------------------------  --------------------------- 
 b)   Initial notification            Initial notification 
       / amendment 
---  ------------------------------  --------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                            Scapa Group plc 
---  ------------------------------  --------------------------- 
 b)   LEI                             213800QIPVTK5ES5UU36 
---  ------------------------------  --------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; (iv) 
       each place where transactions have been conducted 
---  ----------------------------------------------------------- 
 a)   Description of financial        Ordinary shares of 5p each 
       instrument, 
       type of instrument 
      Identification Code             GB0007281198 
---  ------------------------------  --------------------------- 
 b)   Nature of the transaction       Sale of shares 
---  ------------------------------  --------------------------- 
 c)   Price(s) and volume(s)          Sale of 150,000 shares 
                                       at 320p per share 
                                       Sale of 250,000 shares 
                                       at 321p per share 
---  ------------------------------  --------------------------- 
 d)        Aggregated information 
             *    Aggregated volume                n/a 
 
 
             *    Price 
---  ------------------------------  --------------------------- 
 e)   Date of the transaction         25 January 2017 
---  ------------------------------  --------------------------- 
 f)   Place of the transaction        London 
---  ------------------------------  --------------------------- 
 

For further information please contact:-

   Graham Hardcastle            Group Finance Director/Company Secretary 

Scapa Group plc

Tel: [phone]

   Richard Thomas                 Numis Securities Limited 

Nominated Adviser and Joint Broker

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 26, 2017 05:10 ET (10:10 GMT)