Big Yellow Group PLC Notification of Transactions of Directors/PDMR (1053U)

TIDMBYG

RNS Number : 1053U

Big Yellow Group PLC

31 March 2021

31 March 2021

Big Yellow Group PLC

Notification of Transactions of Directors/PDMR

Big Yellow Group PLC ("Big Yellow" or "Company") was notified on 31st March 2021, that Byways Investments Ltd, a company controlled and owned by Nicholas Vetch, Executive Chairman, and his family, has entered into loan arrangements ("Loans") with J.P. Morgan Bank Luxembourg S.A ("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 or his family's beneficial interests, which remain unchanged.

 
Director         Number of Shares  Holding of Shares  Holding as a percentage 
                  pledged                              of issued ordinary share 
                                                       capital 
Nicholas Vetch   2,250,000         6,753,458          3.84% 
 
 
 1.   Details of PDMR / person closely associated with them 
       ('PCA') 
 a)   Name                       Nicholas Vetch 
     -------------------------  ------------------------------------------------ 
 b)   Position / status          Executive Chairman 
     -------------------------  ------------------------------------------------ 
 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 of             Ordinary Shares of Big Yellow Group PLC 
       the financial              (the "Company"). 
       instrument 
     -------------------------  ------------------------------------------------ 
 b)   Nature of the              Byways Investments Ltd has granted pledges 
       transaction                in favour of J.P. Morgan Bank Luxembourg 
                                  S.A over ordinary shares of 10 pence each 
                                  in the Company ("Shares") as security 
                                  in connection with the Loans. 
                                  Following this transaction, Mr Vetch and 
                                  his family's holding has remained at 6,740,387 
                                  shares, representing 3.84% of the issued 
                                  share capital of the Company. 
     -------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    N/A         2,250,000 
                                               ---------- 
     -------------------------  ------------------------------------------------ 
 d)   Aggregated information     2,250,000 shares 
       Aggregated volume          N/A 
       Price 
     -------------------------  ------------------------------------------------ 
 e)   Date of the transaction    31(st) March 2021 
     -------------------------  ------------------------------------------------ 
 f)   Place of the transaction   Outside trading venue 
     -------------------------  ------------------------------------------------ 
 

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March 31, 2021 04:16 ET (08:16 GMT)