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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Footasylum Plc | LSE:FOOT | London | Ordinary Share | GB00BYPHD607 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 81.50 | 80.00 | 83.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMFOOT
RNS Number : 3489V
Footasylum PLC
20 July 2018
20 July 2018
Footasylum plc
("Footasylum" or the "Company")
Notification of interests regarding the John Wardle 2016 Settlement
The Company was notified on 18 July 2018 that John Wardle, the former Executive Chairman of the Company, retired as a Trustee of the John Wardle 2016 Settlement (the "Settlement") with effect from 10 July 2018.
As a result, John Wardle is no longer interested in the 36,148,866 ordinary shares in the Company ("Ordinary Shares"), representing 34.6 per cent of the issued Ordinary Shares (the "Settlement Shares"), held by the trustees of the Settlement in their capacity as such. John Riches remains as a Trustee of the Settlement and retains an interest in all of the Settlement Shares.
As previously disclosed (including in the Company's Admission Document), the Settlement Shares are divided into three separate sub funds, the beneficiaries of each of which are as follows and include Clare Nesbitt, CEO of the Company:
Beneficiary / Settlement sub fund Number of Settlement % of issued designation Shares Ordinary Shares Thomas Makin / JW2016TM Fund 12,259,176 11.7% Amy Mason / JW2016AM Fund 10,169,690 9.7% Clare Nesbitt / JW2016CM Fund 13,720,000 13.1% Total 36,148,866 34.6%
Further to the retirement of John Wardle as a Trustee of the Settlement, legal title to the Settlement Shares in each of the sub funds of the Settlement has been transferred to the beneficiary of each sub fund and John Riches, as co-trustees, all with effect from 20 July 2018. There has been no change to the beneficial interests of any of the Settlement Shares.
As a result of the above transfers, the interests of Thomas Makin, Amy Mason and Clare Nesbitt in Ordinary Shares are as follows:
Hot Features
Premium
Shareholder Number of Ordinary % of issued
Shares Ordinary Shares
Thomas Makin
* as co-trustee of the JW2016TM Fund 12,259,176 11.7%
* in his own name 7,800,000 7.5%
------------------- -----------------
20,059,176 19.2%
Amy Mason
* as co-trustee of the JW2016AM Fund 10,169,690 9.7%
* in her own name 7,800,000 7.5%
------------------- -----------------
17,969,690 17.2%
Clare Nesbitt
* as co-trustee of the JW2016CM Fund 13,720,000 13.1%
* in her own name 7,800,000 7.5%
------------------- -----------------
21,520,000 20.6%
Including the 6,270,000 Ordinary Shares (representing six per cent of the issued Ordinary Shares) held by David Makin (the father of Thomas Makin, Amy Mason and Clare Nesbitt), the aggregated interests of members of the Makin Family remains unchanged at 65,818,866 Ordinary Shares, representing 63.0 per cent. of the issued Ordinary Shares.
Each of Thomas Makin, Amy Mason and Clare Nesbitt have undertaken (in respect of those Settlement Shares for which each is now co-trustee) to continue to be bound by the obligations given in the placing agreement, dated 27 October 2017, entered into in connection with the admission to trading on AIM of the Ordinary Shares. Further details of such obligations are contained within the Company's Admission Document at http://investors.footasylum.com/
Notification and public disclosure of transactions by PDMRs pursuant to the EU Market Abuse Regulations are included below.
Contacts:
Footasylum plc Tel: +44 (0) 1706 Nancy Kelsall (Company Secretary) 746 777 GCA Altium Limited (Financial Adviser & Nominated Tel: +44 (0) 20 7484 Adviser) 4040 Phil Adams Sam Fuller Tim Richardson Liberum Capital Limited (Broker) Tel: +44 (0) 20 3100 John Fishley 2222 Jill Li Powerscourt (Financial Public Relations) Tel: +44 (0) 207 Rob Greening 250 1446 Lisa Kavanagh Isabelle Saber
Customer website: https://www.footasylum.com/
Investor website: http://investors.footasylum.com/
The Company publicly discloses the following notifications pursuant to the EU Market Abuse Regulations:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clare Nesbitt
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Chief Executive Officer / Director and
PDMR
-------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Footasylum plc
-------------------------- -----------------------------------------------
b) LEI 2138001JV9DY7H8RWE60
-------------------------- -----------------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
GB00BYPHD607
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Transfer of legal title as co-trustee
of the 13,720,000 Ordinary Shares held
in sub fund JW2016CM of the John Wardle
2016 Settlement of which Clare Nesbitt
is already the beneficiary
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NA 13,720,000
-----------
-------------------------- -----------------------------------------------
d) Aggregated information Aggregated Price(s) Aggregated Volume(s)
NA 13,720,000
- Aggregated volume ---------------------
- Price
-------------------------- -----------------------------------------------
e) Date of the transaction 20 July 2018
-------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Thomas Makin
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Marketing and eCommerce Director / PDMR
-------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Footasylum plc
-------------------------- -----------------------------------------------
b) LEI 2138001JV9DY7H8RWE60
-------------------------- -----------------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
GB00BYPHD607
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Transfer of legal title as co-trustee
of the 12,259,176 Ordinary Shares held
in sub fund JW2016TM of the John Wardle
2016 Settlement of which Thomas Makin
is already the beneficiary
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NA 12,259,176
-----------
-------------------------- -----------------------------------------------
d) Aggregated information Aggregated Price(s) Aggregated Volume(s)
NA 12,259,176
- Aggregated volume ---------------------
- Price
-------------------------- -----------------------------------------------
e) Date of the transaction 20 July 2018
-------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------
Notes to Editors:
Footasylum is a UK-based fashion retailer focusing on the branded footwear and apparel markets. The Company retails "on-trend" product ranges which are predominantly aimed at 16 to 24 year old fashion-conscious customers and are sourced from an extensive stable of third party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.
Examples of third party brands include: adidas; Nike; The North Face; Gym King; Converse; New Balance; EA7; Vans; Nicce London; Siksilk; Under Armour; and Calvin Klein. Examples of Footasylum's own brands include Kings Will Dream and Alessandro Zavetti.
The Company operates a multi-channel model which combines a 65-strong store estate - in a variety of high street, mall and retail park locations in cities and towns throughout Great Britain - with a fast-growing eCommerce platform and a recently launched wholesale arm for distributing its own brand ranges via a network of partners.
Footasylum was founded in 2005 and the Company's ordinary shares were admitted to trading on AIM in November 2017.
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 rns@lseg.com or visit www.rns.com.
END
DSHLLFFSDIIIFIT
(END) Dow Jones Newswires
July 20, 2018 10:22 ET (14:22 GMT)
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