600 Group PLC PDMR Share Dealings (3937E)

TIDMSIXH

RNS Number : 3937E

600 Group PLC

03 July 2019

3 July 2019

The 600 Group Plc

("600 Group" or "the Group")

PDMR Share Dealings

The Board of 600 Group today confirms that further to the announcement of the acquisition of Control Micro Systems Inc. the shares issued to Mr Tim Miller as part of the consideration have now been admitted to trading on AIM. Following the admission of the shares Mr Miller is interested in a total of 4,500,000 ordinary shares in the Company, representing 3.83% of the total voting rights.

Following the admission of the new shares the total issued share capital of the Company is 117,473,341.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

 
 The 600 Group PLC                 Tel: [phone] 
  Paul Dupee, Executive Chairman 
  Neil Carrick, Finance Director 
 Instinctif Partners               Tel: [phone] 
  Mark Garraway 
  James Gray 
 
 
 Spark Advisory Partners Limited (NOMAD)   Tel: [phone] 
  Matt Davis 
  Miriam Greenwood 
                     WH Ireland (Broker)   Tel: [phone] 
                            Harry Ansell 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

About The 600 Group PLC

The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principal areas of activities:

Machine Tools

The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and global distribution network.

Precision Engineered Components

Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products and taper roller bearings are sold via specialist distributors to OEMs, including other machine builders.

Industrial Laser Systems

Industrial laser systems are a technologically superior alternative to ink jet marking. It requires no consumables and can operate on a continuous high speed basis when integrated into customers' production lines. The business has its own technology and proprietary software. Customer applications are diverse and range from telecommunications to pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.

More information on the Group can be viewed at: www.600group.com

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Timothy Miller 
      ---------------------------------------  ---------------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                          Subsidiary Managing Director 
      ---------------------------------------  ---------------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ---------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------------- 
 a)    Name                                     The 600 Group PLC 
      ---------------------------------------  ---------------------------------------------------- 
 b)    LEI                                      213800XECL92PYA1IK97 
      ---------------------------------------  ---------------------------------------------------- 
 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 the                       Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code 
                                                GB00008121641 
      ---------------------------------------  ---------------------------------------------------- 
 b)    Nature of the transaction                Issue of shares on Acquisition (consideration 
                                                 shares) 
      ---------------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ------------------------  ----------------------- 
                                                 Price(s)                  Volume(s) 
                                                ------------------------  ----------------------- 
    GBPnil                                                                 4,500,000 
   ---------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      4,500,000 
 
  - Price                                  GBPnil 
 
 e)    Date of the transaction                  28 June 2019 
      ---------------------------------------  ---------------------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange XLON 
      ---------------------------------------  ---------------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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July 03, 2019 08:50 ET (12:50 GMT)