Coral Products PLC Director/PDMR Shareholding (7608Z)

TIDMCRU

RNS Number : 7608Z

Coral Products PLC

22 May 2019

CORAL PRODUCTS PLC

("Coral" or the "Group")

Directors' Dealings

Coral Products plc, a specialist in the design, manufacture and supply of plastic products, announces that it was informed on 21 May 2019 that on that date Mick Wood, a Director of the Company, and Joe Grimmond, Non-Executive Chairman of the Company, respectively purchased 37,037 ordinary shares and 50,000 ordinary shares in the Company, representing 0.04 per cent. and 0.06 per cent. of the Company's issued ordinary share capital, at a price of 8.1 pence and 7.99 pence per share respectively.

In addition, Noelle Low, spouse of David Low, a Non-Executive Director of the Company, purchased 50,000 ordinary shares in the Company, representing 0.06 per cent of the Company's issued share capital, at a price of 8.4 pence per share on 21 May 2019.

Following this announcement, Mr Wood holds 223,601 ordinary shares in the Company, representing 0.27 per cent. of the Company's issued ordinary share capital. Mr Grimmond holds 5,373,337 ordinary shares in the Company, representing 6.50 per cent. of the Company's issued ordinary share capital. Noelle and David Low hold 980,000 ordinary shares in the Company, representing 1.19 per cent. of the Company's issued share capital.

This announcement contains inside information for the purpose of Article 7 of the EU Regulation 596/2014 and has been arranged for release by Sharon Gramauskas, Finance Director of the Company.

For further information please contact:

Enquiries

 
 Coral Products plc                      Tel: [phone] 
  Joe Grimmond, Non-Executive Chairman    882 
  Mick Wood, CEO 
 Nominated Adviser and Broker 
  Cairn Financial Advisers LLP             Tel: [phone] 
  Tony Rawlinson / Liam Murray             0880 
 Capital Markets Consultants Limited     Tel: [phone] 
  Richard Pearson                         184 
 
 
 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                                   a) Mick Wood 
                                               b) Joe Grimmond 
                                               c) Noelle Low 
      --------------------------------  -------------------------------------------------------------- 
 2     Reason for notification 
      --------------------------------  -------------------------------------------------------------- 
 a.    Position/Status                        a) Director of Coral Products plc 
                                               b) Non-Executive Chairman of Coral Products 
                                               plc 
                                               c) Spouse of Non-Executive Director of Coral 
                                               Products plc 
      --------------------------------  -------------------------------------------------------------- 
 b.    Initial notification/             Initial 
        Amendment 
      --------------------------------  -------------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------------ 
 a.    Name                              Coral Products plc 
      --------------------------------  -------------------------------------------------------------- 
 b.    LEI                               213800M2XLY2QGBMUN82 
      --------------------------------  -------------------------------------------------------------- 
 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                  Ordinary shares 
        of instrument 
                                          ISIN: GB0002235736 
        Identification 
        Code 
      --------------------------------  -------------------------------------------------------------- 
 b.    Nature of the                      Purchase of shares 
        transaction 
      --------------------------------  -------------------------------------------------------------- 
 
 c.    Price(s) and volume(s)              Price(s) per                 Volume(s) 
                                            share 
      --------------------------------    --------------------------- 
                                                a) 8.1p                      a) 37,037 
                                                 b) 7.99p                     b) 50,000 
                                                 c) 8.4p                      c) 50,000 
                                          ---------------------------  ------------------------ 
 
 d.    Date of the transaction           21 May 2019 
      --------------------------------  -------------------------------------------------------------- 
 e.    Place of the transaction          UK 
      --------------------------------  -------------------------------------------------------------- 
 

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.

END

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May 22, 2019 02:01 ET (06:01 GMT)