Belvoir Group PLC Exercise of Options, Director/PDMR Dealing & TVR (2225A)

TIDMBLV

RNS Number : 2225A

Belvoir Group PLC

17 January 2020

BELVOIR GROUP PLC

(the "Company", the "Group" or "Belvoir")

Exercise of Options

Director/PDMR Dealing

and

Total Voting Rights

Belvoir Group plc (AIM: BLV), the UK's largest property franchise, announces that Dorian Gonsalves, the Group's Chief Executive Officer, has exercised options over 163,399 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") held under the terms of the Company's unapproved share option scheme at a price of 75 pence per Ordinary Share. Following this exercise Mr Gonsalves has sold 143,399 of the resulting Ordinary Shares to assist with the resulting tax liability as well as the cost of the option exercise. Following the above transactions Mr Gonsalves holds 483,595 Ordinary Shares, representing approximately 1.37 per cent of the Company's total issued share capital.

Application has been made for the 163,399 Ordinary Shares arising as a result of the above to be admitted to trading on AIM which is expected to occur on 23 January 2020. Following this issue the Company's total issued share capital consists of 35,102,005 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of voting rights in the Company is 35,102,005. 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
----  --------------------------------------------------------------------------------------- 
 a.    Name                      Dorian Gonsalves 
                                ------------------------------------------------------------- 
 2     Reason for 
        notification 
      ------------------------  ------------------------------------------------------------- 
 a.    Position/Status           Chief Executive Officer 
      ------------------------  ------------------------------------------------------------- 
 b.    Initial notification/     Initial Notification 
        Amendment 
      ------------------------  ------------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------- 
 a.    Name                      Belvoir Group PLC 
      ------------------------ 
 b.    LEI                       N/A 
      ------------------------  ------------------------------------------------------------- 
 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,                ISIN: GB00B4QY1P51 
        type of instrument 
 
        Identification 
        Code 
      ------------------------  ------------------------------------------------------------- 
 b.    Nature of the             Acquisition of Ordinary Shares following the 
        transaction               Exercise of Share Options and Sale of Ordinary 
                                  Shares 
      ------------------------  ------------------------------------------------------------- 
 
 c.    Price(s) and                    Price(s)     Volume(s) 
        volume(s) 
      ------------------------        ----------- 
                                       75p          163,399     Purchase 
                                      -----------  ---------- 
                                       153.98p      15,000      Sale 
                                      -----------  ---------- 
                                       149p         40,000      Sale 
                                      -----------  ---------- 
                                       145.148p     30,000      Sale 
                                      -----------  ---------- 
                                       139.4417p    58,399      Sale 
                                      -----------  ---------- 
 
       Aggregated 
 d.     information 
   Aggregated                163,399 
    Purchase Volume 
   Aggregated                 75p 
    Purchase Price 
   Aggregated 
    Sale Volume 
   Aggregated                 143,399 
    Sale Price 
     144.822p 
  ------------------------------------------------------------------------------------------- 
 e.    Date of the               17 January 2020 
        transaction 
      ------------------------  ------------------------------------------------------------- 
 f.    Place of the              London Stock Exchange 
        transaction 
      ------------------------  ------------------------------------------------------------- 
 
 

For further details:

 
 Belvoir Group PLC                                                 01476 584900 
  Dorian Gonsalves, Chief Executive          [e-mail] 
  Officer 
  Louise George, Chief Financial 
  Officer 
  www.belvoirgroup.com 
 finnCap 
  Julian Blunt, Teddy Whiley (Corporate 
  Finance) 
  Tim Redfern, Manasa Patil (ECM) 
  www.finncap.com                                          [phone] 
 Buchanan 
  Charles Ryland, Victoria Hayns 
  & Tilly Abraham                                          [phone] 
 
 

Notes:

About Belvoir Group PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 397 offices across five brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages around 66,000 properties and reported record revenues of GBP13.7m in 2018 making Belvoir the largest property franchise group in the UK.

For further information, please visit: www.belvoirgroup.com

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January 17, 2020 11:30 ET (16:30 GMT)