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GTLY Gateley (holdings) Plc

117.50
-3.00 (-2.49%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gateley (holdings) Plc LSE:GTLY London Ordinary Share GB00BXB07J71 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -2.49% 117.50 120.00 121.00 120.50 120.50 120.50 15,264 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 162.73M 12.24M 0.0930 12.96 158.63M

Gateley (Holdings) PLC Allocation and sale of shares from SAR Scheme (6647W)

02/08/2018 1:13pm

UK Regulatory


Gateley (holdings) (LSE:GTLY)
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TIDMGTLY

RNS Number : 6647W

Gateley (Holdings) PLC

02 August 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.

 
   2 August 2018 
 

Gateley (Holdings) Plc

('Gateley' or the 'Company')

Allocation and sale of Gateley shares from Stock Appreciation Rights Scheme and Director Dealings

Gateley (Holdings) Plc (AIM:GTLY), the law-led professional services group is pleased to announce the transfer of 2,300,913 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") from the Gateley Employee Benefit Trust ("the EBT") to partner level employees who have exercised their rights pursuant to the Company's Stock Appreciation Rights ("SAR") Scheme. As announced by the Company on 17 July 2018, a total of 2,425,024 Ordinary Shares had previously been issued to the EBT to satisfy the vesting of share options under the SAR Scheme.

Of the 2,300,913 Ordinary Shares transferred, an aggregate of 1,298,602 have been sold on behalf of partners in order to reimburse them for their personal tax liabilities resulting from the exercise of their SAR Scheme awards. The buyers comprised an existing institutional investor, laterally hired employees (at 'partner' level) and the EBT.

The new Ordinary Shares were successfully placed by Cantor Fitzgerald Europe.

Highlights

-- The Group's incentivisation plan is now, 3 years post IPO, generating real, tangible rewards for "partners" lower down the equity ranks at the time of the IPO

   --        2,425,024 aggregate Ordinary Shares, represents 2.19% of the current issued share capital 
   --        Transaction price of GBP1.60 per Ordinary Share 
   --        Free float now 38.3% 

PDMR Dealings

The Company announces that it has received the following notification of sales of Ordinary Shares from George Parker-Fuller, Katie Chester, Thomas Durrant, Christopher Thompson, being PDMRs of Gateley. The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Further information on all Executive Director and PDMR dealings are provided below:

schedule 1

 
 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                                      George Parker-Fuller 
                                                   ------------------------------------------------- 
 2        Reason for notification 
         ----------------------------------------  ------------------------------------------------- 
 a.       Position/Status                           Executive Director of Gateley Plc 
         ----------------------------------------  ------------------------------------------------- 
 b.       Initial notification/                     Initial Notification 
           Amendment 
         ----------------------------------------  ------------------------------------------------- 
 3        Details of the issuer, emission allowance market participant, 
           auction platform, auctioneer or auction monitor 
         ------------------------------------------------------------------------------------------- 
 a.       Name                                      Gateley (Holdings) PLC 
         ---------------------------------------- 
 b.       LEI                                       N/A 
         ----------------------------------------  ------------------------------------------------- 
 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 
-------  ------------------------------------------------------------------------------------------- 
 1.       2. Description                            Ordinary Shares of 10 pence each 
  a.       of the financial 
           instrument, type 
           of instrument 
                                                     ISIN: GB00BXB07J71 
           Identification 
           Code 
         ----------------------------------------  ------------------------------------------------- 
 3.       4. Nature of                              Sale of Ordinary Shares to reimburse tax 
  b.       the transaction                           liability on SARS 
         ----------------------------------------  ------------------------------------------------- 
 
 c.       Price(s) and                               Price(s)                Volume(s) 
           volume(s) 
         ----------------------------------------   ---------------------- 
    GBP1.60p                                                                 36,583 
   -----------------------------------------------------------------------  -------------------- 
 
 d.       Aggregated information 
           - Aggregated                               36,583 
           Volume 
           - Price                                    GBP1.60p 
         ----------------------------------------  ------------------------------------------------- 
 e.       Date of the transaction                   1 August 2018 
         ----------------------------------------  ------------------------------------------------- 
 f.       Place of the                              London Stock Exchange 
           transaction 
         ----------------------------------------  ------------------------------------------------- 
 
 

schedule 2

 
 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                                      Katie Chester 
                                                   ------------------------------------------------- 
 2        Reason for notification 
         ----------------------------------------  ------------------------------------------------- 
 a.       Position/Status                           Member of the Operations Board 
         ----------------------------------------  ------------------------------------------------- 
 b.       Initial notification/                     Initial Notification 
           Amendment 
         ----------------------------------------  ------------------------------------------------- 
 3        Details of the issuer, emission allowance market participant, 
           auction platform, auctioneer or auction monitor 
         ------------------------------------------------------------------------------------------- 
 a.       Name                                      Gateley (Holdings) PLC 
         ---------------------------------------- 
 b.       LEI                                       N/A 
         ----------------------------------------  ------------------------------------------------- 
 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 
-------  ------------------------------------------------------------------------------------------- 
 5.       6. Description                            Ordinary Shares of 10 pence each 
  a.       of the financial 
           instrument, type 
           of instrument 
                                                     ISIN: GB00BXB07J71 
           Identification 
           Code 
         ----------------------------------------  ------------------------------------------------- 
 7.       8. Nature of                              Sale of Ordinary Shares to reimburse tax 
  b.       the transaction                           liability on SARS 
         ----------------------------------------  ------------------------------------------------- 
 
 c.       Price(s) and                               Price(s)                Volume(s) 
           volume(s) 
         ----------------------------------------   ---------------------- 
    GBP1.60p                                                                 35,355 
   -----------------------------------------------------------------------  -------------------- 
 
 d.       Aggregated information 
           - Aggregated                               35,355 
           Volume 
                                                      GBP1.60p 
           - Price 
         ----------------------------------------  ------------------------------------------------- 
 e.       Date of the transaction                   1 August 2018 
         ----------------------------------------  ------------------------------------------------- 
 f.       Place of the                              London Stock Exchange 
           transaction 
         ----------------------------------------  ------------------------------------------------- 
 
 

schedule 3

 
 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                                      Thomas Durrant 
                                                   ------------------------------------------------- 
 2        Reason for notification 
         ----------------------------------------  ------------------------------------------------- 
 a.       Position/Status                           Member of the Operations Board 
         ----------------------------------------  ------------------------------------------------- 
 b.       Initial notification/                     Initial Notification 
           Amendment 
         ----------------------------------------  ------------------------------------------------- 
 3        Details of the issuer, emission allowance market participant, 
           auction platform, auctioneer or auction monitor 
         ------------------------------------------------------------------------------------------- 
 a.       Name                                      Gateley (Holdings) PLC 
         ---------------------------------------- 
 b.       LEI                                       N/A 
         ----------------------------------------  ------------------------------------------------- 
 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 
-------  ------------------------------------------------------------------------------------------- 
 9.       10. Description                           Ordinary Shares of 10 pence each 
  a.       of the financial 
           instrument, type 
           of instrument 
                                                     ISIN: GB00BXB07J71 
           Identification 
           Code 
         ----------------------------------------  ------------------------------------------------- 
 11.      12. Nature of                             Sale of Ordinary Shares to reimburse tax 
  b.       the transaction                           liability on SARS 
         ----------------------------------------  ------------------------------------------------- 
 
 c.       Price(s) and                               Price(s)                Volume(s) 
           volume(s) 
         ----------------------------------------   ---------------------- 
    GBP1.60p                                                                 60,972 
   -----------------------------------------------------------------------  -------------------- 
 
 d.       Aggregated information 
           - Aggregated                               60,972 
           Volume 
                                                      GBP1.60p 
           - Price 
         ----------------------------------------  ------------------------------------------------- 
 e.       Date of the transaction                   1 August 2018 
         ----------------------------------------  ------------------------------------------------- 
 f.       Place of the                              London Stock Exchange 
           transaction 
         ----------------------------------------  ------------------------------------------------- 
 
 

schedule 4

 
 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                                      Christopher Thompson 
                                                   ------------------------------------------------- 
 2        Reason for notification 
         ----------------------------------------  ------------------------------------------------- 
 a.       Position/Status                           Member of the Operations Board 
         ----------------------------------------  ------------------------------------------------- 
 b.       Initial notification/                     Initial Notification 
           Amendment 
         ----------------------------------------  ------------------------------------------------- 
 3        Details of the issuer, emission allowance market participant, 
           auction platform, auctioneer or auction monitor 
         ------------------------------------------------------------------------------------------- 
 a.       Name                                      Gateley (Holdings) PLC 
         ---------------------------------------- 
 b.       LEI                                       N/A 
         ----------------------------------------  ------------------------------------------------- 
 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 
-------  ------------------------------------------------------------------------------------------- 
 13.      14. Description                           Ordinary Shares of 10 pence each 
  a.       of the financial 
           instrument, type 
           of instrument 
                                                     ISIN: GB00BXB07J71 
           Identification 
           Code 
         ----------------------------------------  ------------------------------------------------- 
 15.      16. Nature of                             Sale of Ordinary Shares to reimburse tax 
  b.       the transaction                           liability on SARS 
         ----------------------------------------  ------------------------------------------------- 
 
 c.       Price(s) and                               Price(s)                Volume(s) 
           volume(s) 
         ----------------------------------------   ---------------------- 
    GBP1.60p                                                                 35,841 
   -----------------------------------------------------------------------  -------------------- 
 
 d.       Aggregated information 
           - Aggregated                               35,841 
           Volume 
                                                      GBP1.60p 
           - Price 
         ----------------------------------------  ------------------------------------------------- 
 e.       Date of the transaction                   1 August 2018 
         ----------------------------------------  ------------------------------------------------- 
 f.       Place of the                              London Stock Exchange 
           transaction 
         ----------------------------------------  ------------------------------------------------- 
 
 

Ends -

 
 
   Enquiries: 
 Gateley (Holdings) Plc 
  Neil Smith, Finance Director                          Tel: +44 (0) 121 234 
                                                                        0196 
 Nick Smith, Acquisitions Director and Head             Tel: +44 (0) 20 7653 
  of Investor Relations                                                 1665 
 Cara Zachariou, Head of Communications                 Tel: +44 (0) 121 234 
                                                        0074 or +44 (0) 7703 
                                                                     684 946 
 
 Cantor Fitzgerald Europe - Nominated Adviser           Tel: +44 (0) 20 7894 
  and Broker                                                            7000 
 David Foreman, Marc Milmo, Michael Boot (Corporate 
  Finance) 
 Caspar Shand Kydd (Sales) 
 
 Arden Partners - Broker                                Tel: +44 (0) 20 7614 
                                                                        5900 
 John Llewellyn-Lloyd, Benjamin Cryer (Corporate 
  Finance) 
 James Reed-Daunter (Corporate Broking) 
 
 IFC Advisory - Financial PR Adviser 
 Tim Metcalfe, Miles Nolan                              Tel: +44 (0) 20 3934 
                                                                        6630 
 

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

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August 02, 2018 08:13 ET (12:13 GMT)

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