H&T Group PLC Director dealings and issue of equity (1952V)

TIDMHAT

RNS Number : 1952V

H&T Group PLC

04 April 2019

4 April 2018

H&T Group plc

Director Dealings and Issue of Equity

H&T Group plc ("H&T" or "the Company") announces that it was informed on 3 April 2019 that on 3 April 2019, Stephen Fenerty, Finance Director, exercised options for a total of 61,855 ordinary shares at 5p each and John Nichols, Chief Executive Officer, exercised options for a total of 87,628 ordinary shares of 5p each in the Company pursuant to the H&T 2008 Option Scheme (the "Options"), as set out in the table below:

 
 Director           Total number of options   Exercise price 
                     exercised                 (p) 
 Stephen Fenerty    61,855                    194p 
                   ------------------------  --------------- 
 John Nichols       87,628                    194p 
                   ------------------------  --------------- 
 

The Company has issued and allotted 160,579 new ordinary shares of 5p each pursuant to the exercise of the above Options and others.

Accordingly, an application has been made for a total of 160,579 new ordinary shares in the Company to be admitted to trading on AIM and it is expected that admission will take place on 9 April 2018. The new ordinary shares will rank pari passu with the existing shares of the Company.

Following Admission, the Company's enlarged issued share capital will comprise of 37,819,090 ordinary shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company is therefore 37,819,090.

This figure of 37,819,090 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Simultaneous with the exercise of the Options, the Company was informed on 3 April 2019 that on 3 April 2019 Stephen Fenerty sold a total of 43,717 ordinary shares in the Company at a price of 315.00 pence per share and on 3 April 2019 John Nichols sold a total of 62,428 ordinary shares in the Company at a price of 315.00 pence per share. Following this share sale and exercise of options Steve Fenerty's interest in the Company has increased by 18,138 shares. Mr Fenerty holds a total of 324,071 ordinary shares in the Company representing 0.86% of the Company's issued share capital. Following this share sale and exercise of options John Nichols's interest in the Company has increased by 25,200 shares. Mr Nichols holds a total of 1,104,730 ordinary shares in the Company representing 2.92% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             1) John Nichols 
                                        2) Stephen Fenerty 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  1) Chief Executive Officer 
                                        2) Finance Director 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        H&T Group plc 
     --------------------------  ----------------------------------------- 
 b)   LEI                         2138006N2X1XSBSDSU74 
     --------------------------  ----------------------------------------- 
 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          H&T GROUP PLC Ordinary shares 
       financial instrument,       of 5 pence 
       type of instrument 
 
       Identification code         GB00B12RQD06 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Sale of Ordinary Shares 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)                           Price (p)   Volume 
                                     John Nichols       315         62,428 
                                                       ----------  ------- 
                                     Stephen Fenerty    315         43,717 
                                                       ----------  ------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                    John Nichols 
       - Aggregated volume          62,428 
                                    315.00p 
       - Price                      GBP196,648.20 
                                    Stephen Fenerty 
       - Aggregated value           43,717 
                                    315.00p 
                                    GBP137,708.55 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     3 April 2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  ----------------------------------------- 
 

- ENDS -

For further information, please contact:

H&T Group plc

Tel: [phone]

Richard Withers, Interim Finance Director

Numis Securities (Broker and Nominated Adviser)

Tel: [phone]

Mark Lander - Corporate Broking

Luke Bordewich - Nominated Adviser

Haggie Partners (Public Relations)

Tel: [phone]

Damian Beeley

Sarah Shephard

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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