EPE Special Opportunities Limited Vesting - Share Matching Scheme/PDMR Shareholdings (8150M)

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RNS Number : 8150M

EPE Special Opportunities Limited

11 January 2019

EPE Special Opportunities Limited

Vesting of the Share Matching Scheme and PDMR Shareholdings

Vesting of the Share Matching Scheme

EPE Special Opportunities Limited (the "Company") announces that, on 10 January 2019 in the offices of the Company's administrator, certain awards made under the Company's share matching scheme (the "Scheme") vested to certain members of EPIC Private Equity LLP ("EPE"), the Company's investment advisor (the "Participants") (the "Vesting").

As a result of the Vesting, the Participants' interests in jointly held vesting ordinary shares ("Matching Shares") have increased such that the Participants now hold the entire beneficial interest in the Matching Shares (as opposed to just a portion of the beneficial interest) and the Participants now hold the full legal title to those ordinary shares.

The interests in the Matching Shares were transferred to Participants from the Company's employee benefit trust. The number of ordinary shares in issue, not held by the Company in treasury, is unchanged by the Vesting and remains 29,149,464 ordinary shares (which should be used as the denominator for calculations of interests in the Company's voting rights).

PDMR Shareholding

Certain members of EPE (being PDMRs of the Company) have received the entire beneficial interest and legal title to the Matching Shares as part of the Vesting described above. The details of the Matching Shares received by PDMRs are provided below:

 
                                                                                    Percentage 
                                      Number of      Number of      Number of        of total 
                                       vesting        ordinary       ordinary        voting rights 
                                       Matching       shares held    shares held     held post 
 PDMR      Role                        Shares held    pre Vesting    post Vesting    Vesting 
           Managing Partner, 
            Finance Director 
 Hiren      and Head of Compliance 
  Patel     of EPE                    24,884         370,417        395,301         1.4% 
          -------------------------  -------------  -------------  -------------- 
 

The notification of dealing forms for each PDMR can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

The person responsible for releasing this information on behalf of the Company is Hilary Jones of R&H Fund Services (Jersey) Limited.

Enquiries:

 
EPIC Private Equity LLP              [phone] 
                                      Alex Leslie 
 
R&H Fund Services (Jersey) Limited   [phone] 
                                      Hilary Jones 
 
Cardew Group Limited                 [phone] 
                                      Richard Spiegelberg 
 
Numis Securities Limited             [phone] 
Nominated Advisor:                   Stuart Skinner / Hugh Jonathan 
Corporate Broker:                    Charles Farquhar 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              Hiren Patel 
     --------------------------------  --------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                   Managing Partner, Finance Director 
                                         and Head of Compliance of EPE 
     --------------------------------  --------------------------------------------- 
 b)   Initial notification/Amendment:   Initial notification 
     --------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                              EPE Special Opportunities Limited 
     --------------------------------  --------------------------------------------- 
 b)   LEI                               213800BQKN9C23A7LK98 
     --------------------------------  --------------------------------------------- 
 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 5p each. 
       instrument, type of instrument 
 
       Identification code               ISIN: BMG3163K1053 
     --------------------------------  --------------------------------------------- 
 b)   Acquisition of interest in shares 
     ------------------------------------------------------------------------------- 
 c)   Price(s) and volume(s):           Price(s)      Volume(s) 
       (Note 1) 
     --------------------------------  -------------  ------------------------------ 
                                        117.55 pence     Interest in 24,884 Ordinary 
                                                          Shares 
     --------------------------------  -------------  ------------------------------ 
 d)        Aggregated information: 
            Price 117.55 pence 
            Volume Interest in 24,884 Ordinary Shares 
     ------------------------------------------------------------------------------- 
 e)   Date of the transaction           10 January 2019 
     --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange; AIM 
     --------------------------------  --------------------------------------------- 
 

Note 1: PDMRs acquired an interest in each ordinary share for the price given ("Interest Price"). The Interest Price was calculated in relation to the size of interest purchased (i.e. size of the interest not already held by the PDMR), the Company's closing price on the day prior to the Vesting and the Company's closing price on the day prior to the granting of the share matching award.

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.

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January 11, 2019 02:00 ET (07:00 GMT)