Augean Plc Exercise of Options, PDMR Dealing and TVR (8112R)

TIDMAUG

RNS Number : 8112R

Augean Plc

05 March 2019

5 March 2019

Augean plc ("Augean" or the "Company")

Exercise of options, PDMR dealing and total voting rights

Augean, one of the UK's leading specialist waste management businesses, announces that Gene Wilson, the Corporate Stewardship Director and PDMR, has executed options over 202,531 ordinary shares (the "Options") of 10 pence each in the capital of the Company ("Ordinary Shares"). The Options were awarded on 21 December 2009 under both the Company's Authorised Share Option Scheme adopted on 31 January 2005 (being 75,949 options) and the Company's Unauthorised Share Option Scheme adopted on 13 December 2004 (being 126,582 options) (the "Schemes"). It is noted that this exercise has been executed due to the nearing of the ten-year deadline for exercising under these Schemes. The total shares awarded were sold with the main aim of satisfying the exercise price of 39.5p and the resulting tax liability. Gene remains a key member of the Management Board and an active member of a number of the Company's ongoing long-term incentive plans representing a significant future value potential.

Application has been made to the London Stock Exchange for the 202,531 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on 11 March 2019.

Following Admission, the total number of Ordinary Shares in issue will be 103,988,323 and the total number of voting rights will therefore be 103,988,323. This figure may be used by shareholders 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 FCA's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

- Ends -

Enquiries:

 
 Augean plc 
  Jim Meredith, Executive Chairman 
  Mark Fryer, Group Finance Director    01937 844 980 
 N+1 Singer 
  Shaun Dobson 
  Jen Boorer                            020 7496 3000 
 
 

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                         Gene Wilson 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              Corporate Stewardship Director, PDMR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial Notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Augean plc 
     ---------------------------  -------------------------------------- 
 b)   LEI                          213800FX9OGD148QCP81 
     ---------------------------  -------------------------------------- 
 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 of 10 pence each 
       financial instrument, 
       type of instrument 
                                    GB00B02H2F76 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Exercise of options 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)                Volume(s) 
                                      39.5 pence (exercise 
                                       price)                 202,531 
                                                             ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information       N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      4 March 2019 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Gene Wilson 
     -----------------------------  ------------------------------------ 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                Corporate Stewardship Director 
     -----------------------------  ------------------------------------ 
 b)   Initial notification           Initial Notification 
       /Amendment 
     -----------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                           Augean plc 
     -----------------------------  ------------------------------------ 
 b)   LEI                            213800FX9OGD148QCP81 
     -----------------------------  ------------------------------------ 
 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 of 10 pence each 
       financial instrument, 
       type of instrument 
                                      GB00B02H2F76 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Sale of shares 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        91 pence    202,531 
                                                   ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information         N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        4 March 2019 
     -----------------------------  ------------------------------------ 
 f)   Place of the transaction       London stock exchange 
     -----------------------------  ------------------------------------ 
 

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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March 05, 2019 02:01 ET (07:01 GMT)