Cropper(James) PLC Director/PDMR Shareholding (3579N)

TIDMCRPR

RNS Number : 3579N

Cropper(James) PLC

24 September 2019

24 September 2019

James Cropper Plc

(the "Company")

Notification of Transaction of Person Discharging Managerial Responsibility

("PDMR")

The Company was notified on 23 September 2019 that, on the same day, the Trustees of James Cropper Plc Share Incentive Plan ("JC SIP Plan") transferred 302 ordinary shares of 25p each ("Shares") in the Company to 3 participants of the SIP Scheme.

The Shares were awarded to the participants on:

 
 Date of award    Number of Shares   Price per Share 
 25 July 2017     161                1682.5p 
                 -----------------  ---------------- 
 19 July 2018     141                1461.5p 
                 -----------------  ---------------- 
 

Beneficial rights to participants are recognised immediately upon award.

The SIP trust holds Shares for a 5-year period from the date of the award and then transfers the Shares to the participants. The Shares have been transferred to the participants earlier as, under the Scheme rules, the participants are deemed to be leavers.

As a result of the above transactions, the JC SIP Plan is interested in 126,356 Shares, representing 1.3% of the issued share capital of the Company.

As a result of the change in interest of the JC SIP Plan, the non-beneficial interest of David Nicholson (PDMR) was decreased by 302 Shares.

Enquiries:

 
 James Cropper PLC (AIM: CRPR)             Shore Capital 
  Isabelle Maddock, Group Finance           Robert Finlay, Henry Willcocks 
  Director                                  Richard Johnson 
  Jim Aldridge, Company Secretary           Tel: + 44 (0) 207 408 4090 
  Tel: [phone] 
  www.jamescropper.com 
 

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              David Nicholson 
       ---------------------------------  --------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------- 
 a)     Position/status                    PDMR, Group HR Director 
       ---------------------------------  --------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  --------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  --------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  --------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  --------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  --------------------------------- 
 c)     Nature of the transaction          Reduction in non-beneficial 
                                            interest following the transfer 
                                            of shares by the Trustees of 
                                            the James Cropper plc Share 
                                            Incentive Plan to leavers of 
                                            the scheme. 
       ---------------------------------  --------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       302 
                                                       ---------- 
       ---------------------------------  --------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      302 
   - Price                                   0.00 
 ---------------------------------------  --------------------------------- 
 e)     Date of the transaction            23 September 2019 
       ---------------------------------  --------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  --------------------------------- 
 

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September 24, 2019 02:01 ET (06:01 GMT)