AJ Bell PLC Director/PDMR Transaction Initial Notification (2373J)

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RNS Number : 2373J

AJ Bell PLC

15 August 2019

AJ Bell plc (Company)

Director/PDMR Transaction - Initial Notification

The Company announces that it was notified on 13 August 2019 that Simon Turner a director/person discharging managerial responsibility (PDMR) in the Company has, in order to effect a "Bed and ISA" transaction, sold 5,190 ordinary shares of GBP0.000125 each in the Company (Ordinary Shares) at a price of GBP3.83 per Ordinary Share and then repurchased into his Individual Savings Account (ISA) the same number of 5,190 Ordinary Shares at a price of GBP3.831 per Ordinary Share. The transactions took place on 13 August 2019.

The transactions were entered into in accordance with an exception from the lock up arrangements applicable to Management Selling Shareholders (as defined in the prospectus published in relation to the initial public offering of the Company's shares on 27 November 2018 (Prospectus), as described in paragraph 10 of Part 7 (Details of the Offer) of the Prospectus, of one year in respect of 100% of their shareholdings at Admission (as defined in the Prospectus) and a further one year in respect of 50% of such shareholdings. Notwithstanding the transaction, the Ordinary Shares remain subject to the terms of such lock up arrangements.

Following the transactions, there has been no change in the number of shares in which Simon Turner has an interest.

This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.

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

 
 1      Details of the person discharging managerial responsibilities / person closely associated 
a)                              Name                                         Simon Turner 
     -----------------------------------------------------------  ----------------------------------- 
 2                                     Reason for the notification 
     ------------------------------------------------------------------------------------------------ 
a)                         Position/status                            Non-Executive Director/PDMR 
     -----------------------------------------------------------  ----------------------------------- 
b)                 Initial notification /Amendment                       Initial Notification 
     -----------------------------------------------------------  ----------------------------------- 
 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; and (iv) each place where transactions have been 
                                                 conducted 
     ------------------------------------------------------------------------------------------------ 
a)   Description of the financial instrument, type of instrument  Ordinary shares of GBP0.000125 each 
     -----------------------------------------------------------  ----------------------------------- 
                         Identification code                                 GB00BFZNLB60 
     -----------------------------------------------------------  ----------------------------------- 
b)                    Nature of the transaction                         Sale of Ordinary Shares 
     -----------------------------------------------------------  ----------------------------------- 
c)                     Price(s) and volume(s)                             Price(s)      Volume(s) 
                                                                              GBP 3.83     5,190 
                                                                                        --------- 
     -----------------------------------------------------------  ----------------------------------- 
 d)                       Aggregated information 
 
                           *    Aggregated volume                                 5,190 
 
                                                                              GBP 19,877.70 
 
                                 *    Price 
     -----------------------------------------------------------  ----------------------------------- 
e)                     Date of the transaction                              13 August 2019 
     -----------------------------------------------------------  ----------------------------------- 
f)                    Place of the transaction                           London Stock Exchange 
     -----------------------------------------------------------  ----------------------------------- 
 

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

 
 1                           Details of the person discharging managerial responsibilities 
a)                              Name                                                Simon Turner 
     -----------------------------------------------------------  ------------------------------------------------- 
 2                                            Reason for the notification 
     -------------------------------------------------------------------------------------------------------------- 
a)                         Position/status                                   Non-Executive Director/PDMR 
     -----------------------------------------------------------  ------------------------------------------------- 
b)                 Initial notification /Amendment                              Initial Notification 
     -----------------------------------------------------------  ------------------------------------------------- 
 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; and (iv) each place where transactions have been 
                                                        conducted 
     -------------------------------------------------------------------------------------------------------------- 
a)   Description of the financial instrument, type of instrument         Ordinary shares of GBP0.000125 each 
     -----------------------------------------------------------  ------------------------------------------------- 
                         Identification code                                        GB00BFZNLB60 
     -----------------------------------------------------------  ------------------------------------------------- 
b)                    Nature of the transaction                   Purchase of Ordinary Shares via Simon Turner ISA. 
     -----------------------------------------------------------  ------------------------------------------------- 
c)                     Price(s) and volume(s)                                   Price(s)       Volume(s) 
                                                                                     GBP 3.831     5,190 
                                                                                                --------- 
     -----------------------------------------------------------  ------------------------------------------------- 
 d)                       Aggregated information 
 
                           *    Aggregated volume                                        5,190 
 
                                                                                     GBP 19,882.89 
 
                                 *    Price 
     -----------------------------------------------------------  ------------------------------------------------- 
e)                     Date of the transaction                                     13 August 2019 
     -----------------------------------------------------------  ------------------------------------------------- 
f)                    Place of the transaction                                  London Stock Exchange 
     -----------------------------------------------------------  ------------------------------------------------- 
 

Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)

Date of notification: 15 August 2019

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August 15, 2019 10:43 ET (14:43 GMT)