Stobart Group Limited Director Shareholding (3190R)

TIDMSTOB

RNS Number : 3190R

Stobart Group Limited

20 September 2017

20 September 2017

Stobart Group Limited

('the Company' or 'Stobart Group')

Director Shareholding

Stobart Group Limited, the infrastructure and support services group, has been notified that Andrew Tinkler, Executive Director of Stobart Group, has entered into arrangements to sell a proportion of his Stobart Group shares in order to re-balance his interests in Stobart Group and Stobart Capital, and the Company was notified on 19 September 2017 that, on the same date, he had sold 1.25 million ordinary shares in the Company at a price of 291.05 pence per share.

Commenting on the planned share sale, Iain Ferguson, Chairman of Stobart Group said "Andrew divides his time between his roles as an Executive Director of Stobart Group and as Executive Chairman of Stobart Capital, which was established to identify and develop investment opportunities for Stobart Group. The Stobart Group Board anticipates situations where it would welcome an investment commitment from Andrew alongside its own, and his planned share sales will enable him to make such investments."

On 18 September 2017, Andrew Tinkler gave irrevocable instructions to Cenkos Securities, the Company's joint broker, to sell up to 10m shares in the Company within certain pricing parameters, which would reduce his shareholding in Stobart Group by approximately 3% to approximately 5.25%. As he has no ongoing discretion in this matter, the trading plan can continue to operate during the current closed period of the Company and beyond if required.

Following the sale, Andrew's holding is as follows:

 
 Director       No. of Ordinary      No. of   No. of Ordinary       Percentage 
                    Shares held    Ordinary       Shares held        of Issued 
                       prior to      Shares         following    Share Capital 
                           Sale        Sold              Sale        following 
                                                                          Sale 
----------  -------------------  ----------  ----------------  --------------- 
 Andrew 
  Tinkler            28,476,811   1,250,000        27,226,811            7.73% 
----------  -------------------  ----------  ----------------  --------------- 
 

Notes

The Company's issued share capital consists of 354,328,831 ordinary shares, of which 2,285,425 ordinary shares are held in treasury. Therefore, the total number of voting rights in the Company, as at 20 September 2017, is 352,043,406.

Notification and public disclosure of transactions by persons discharging managerial responsibilities

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ----------------------------------------------------------------- 
 a)    Name                          Andrew Tinkler 
----  ----------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------- 
 a)    Position/status               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                          Stobart Group Limited 
----  ----------------------------  ----------------------------------- 
 b)    LEI                           213800BINQVRZFKA3E89 
----  ----------------------------  ----------------------------------- 
 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 10 pence 
        the financial                 each in Stobart Group Ltd 
        instrument, type 
        of instrument 
---- 
       Identification                ISIN: GB00B03HDJ73 
        code 
---- 
 b)    Nature of the                 Sale of Ordinary Shares in 
        transaction                   Stobart Group Ltd 
----  ----------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                 ------------------  ------------ 
                                      Price(s)            Volume(s) 
----                                 ------------------  ------------ 
    291.05 pence                                          1,250,000 
   ----------------------------------------------------  ------------ 
 d)    Aggregated information 
---- 
  - Aggregated volume           1,250,000 
 
  - Price                       291.05 pence 
 
 e)    Date of the transaction       19 September 2017 
----  ----------------------------  ----------------------------------- 
 f)    Place of the transaction      London Stock Exchange (XLON) 
----  ----------------------------  ----------------------------------- 
 

Enquiries:

   Stobart Group Limited                                                  C/o Redleaf Communications 

Warwick Brady

   Redleaf Communications                                            [phone] 

Charlie Geller [e-mail]

Sam Modlin

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHPGUPUBUPMGWU

(END) Dow Jones Newswires

September 20, 2017 09:06 ET (13:06 GMT)