Big Yellow Group PLC Director/PDMR Shareholding (7951I)

TIDMBYG

RNS Number : 7951I

Big Yellow Group PLC

23 March 2018

23 March 2018

Big Yellow Group PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

Big Yellow Group PLC ("Big Yellow" or "Company") was notified on 23 March 2018, Nicholas Vetch, Executive Chairman, and his wife Catherine, have entered into individual personal loan arrangements ("Loans") with J.P. Morgan International Bank Limited ("Bank") and granted pledges in favour of the Bank over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans.

Details are set out in the table below along with the Director's beneficial interests, which remain unchanged.

 
Director   Number of        Holding of  Holding as a percentage 
            Shares pledged   Shares      of issued ordinary 
                                         share capital 
Nicholas 
 Vetch     700,000          9,059,881   5.73% 
 
 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
---  ------------------------------------------------------------- 
 a)   Name                   Nicholas Vetch 
---  ---------------------  -------------------------------------- 
 b)   Position /             Executive Chairman 
       status 
---  ---------------------  -------------------------------------- 
 c)   Initial notification   Initial Notification 
       / amendment 
---  ---------------------  -------------------------------------- 
 2.   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            Ordinary Shares of Big Yellow 
       of the financial       Group PLC (the "Company"). 
       instrument 
---  ---------------------  -------------------------------------- 
 b)   Nature of              Mr Vetch and his wife Catherine 
       the transaction        have granted pledges in favour 
                              of J.P. Morgan International 
                              Bank Limited over ordinary shares 
                              of 10 pence each in the Company 
                              ("Shares") as security in connection 
                              with the Loans. 
                              Following this transaction, 
                              Mr Vetch's holding has remained 
                              at 9,059,881 shares, representing 
                              5.73% of the issued share capital 
                              of the Company. 
---  ---------------------  -------------------------------------- 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)               ----------  ---------- 
                                N/A         700,000 
                               ----------  ---------- 
---  ---------------------  -------------------------------------- 
 d)   Aggregated             700,000 shares 
       information            N/A 
       Aggregated 
       volume Price 
---  ---------------------  -------------------------------------- 
 e)   Date of the            23 March 2018 
       transaction 
---  ---------------------  -------------------------------------- 
 f)   Place of the           Outside trading venue 
       transaction 
---  ---------------------  -------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 23, 2018 09:12 ET (13:12 GMT)