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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aj Bell Plc | LSE:AJB | London | Ordinary Share | GB00BFZNLB60 | ORD GBP0.000125 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 295.00 | 293.50 | 294.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 218.23M | 68.22M | 0.1659 | 17.69 | 1.21B |
TIDMAJB
RNS Number : 8391W
AJ Bell PLC
13 December 2019
13 December 2019
AJ Bell plc ('AJ Bell' or 'Company')
Further to the announcement on 5 December 2019 (RNS 7162V) of AJ Bell's plan to donate GBP10 million to charity via an innovative CSR initiative, AJ Bell today announces that on 12 December 2019 it granted options over 2,493,766 of the Company's ordinary shares of GBP0.000125 each (Ordinary Shares) at a price of GBP4.01 each to the A J Bell Trust (Trust), a registered charity and a person closely associated (PCA) with a person discharging managerial responsibility (PDMR), Andy Bell, the chief executive officer.
As the Trust is a member of a concert party in relation to the Company, the options were granted conditional upon the independent shareholders of the Company passing an ordinary resolution approving the grant of a waiver under rule 9 of the Takeover Code at the annual general meeting of the Company which is due to be held on 22 January 2020 (or any adjournment of that meeting). If that resolution is not passed, the options will lapse.
The Trust is a related party of the Company. The grant of options described in this announcement falls within Listing Rule 11.1.10R (smaller related party transactions) and this announcement is made in accordance with Listing Rule 11.1.10R(c).
For further information, please contact:
AJ Bell plc
Bruce Robinson, Company Secretary +44 (0) 780 234 4859
AJ Bell plc
Notification of person discharging managerial responsibilities/ person closely associated
1. Details of the person discharging managerial responsibilities/ person closely associated ----------------------------------------------------------------------------------------------------------------- a) Name A J Bell Trust ----------------------------------------------------------- ---------------------------------------------------- 2. Reason for the notification ----------------------------------------------------------------------------------------------------------------- a) Position/status PCA with Andrew James Bell, Chief Executive Officer/PDMR ----------------------------------------------------------- ---------------------------------------------------- b) Initial notification/ This is an initial notification Amendment ----------------------------------------------------------- ---------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------------------------------------- a) Name AJ Bell plc ----------------------------------------------------------- ---------------------------------------------------- b) LEI 213800VNKA7DPWXWJJ36 ----------------------------------------------------------- ---------------------------------------------------- 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 Ordinary shares of GBP0.000125 each of the financial instrument, type of instrument ---------------------------------------------------- Identification ISIN: GB00BFZNLB60 code ----------------------------------------------------------- ---------------------------------------------------- b) Nature of Grant of options over Ordinary Shares which the transaction will be exercisable in three tranches dependent upon the increase in the diluted earnings per share exceeding target thresholds, subject to certain underpin conditions. Each tranche of options will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for that tranche have been satisfied, which will normally be within 75 days of the end of the relevant financial period. If and to the extent that any of the performance conditions are not satisfied by the applicable date, the relevant tranche of the options will lapse. See RNS 7162V dated 5 December 2019 for further detail on such performance conditions. ----------------------------------------------------------- ---------------------------------------------------- c) Price(s) and Financial Price(s) Volume(s) volume(s) period end 30 September 2022 GBP4.01 831,256 ---------- ---------- 30 September 2023 GBP4.01 831,255 ---------- ---------- 30 September 2024 GBP4.01 831,255 ---------- ---------- ----------------------------------------------------------- ---------------------------------------------------- d) Aggregated Not applicable single transaction information Aggregated volume price ----------------------------------------------------------- ---------------------------------------------------- e) Date of the 12 December 2019 transaction ----------------------------------------------------------- ---------------------------------------------------- f) Place of the Outside a trading venue transaction ----------------------------------------------------------- ----------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHGGGWPPUPBGCW
(END) Dow Jones Newswires
December 13, 2019 09:25 ET (14:25 GMT)
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