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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lok'n Store Group Plc | LSE:LOK | London | Ordinary Share | GB0007276115 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,115.00 | 1,115.00 | 1,125.00 | 6,003 | 08:00:27 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 28.96M | 4.69M | 0.1420 | 78.52 | 368.48M |
From Apr 2019 to Apr 2024
TIDMLOK
RNS Number : 5357D
Lok'nStore Group PLC
27 April 2017
Lok'nStore Group plc ("Lok'nStore" or "the Company")
Sale of Treasury Shares
Exercise of Options
Director Dealing
Total Voting Rights
Lok'nStore, the fast growing self-storage Company, is pleased to announce that on 26 April 2017 it sold 491,869 ordinary shares of 1 penny each in the Company ("Ordinary Shares") held in treasury. At the same time, 255,000 Ordinary Shares were sold on behalf of certain directors of the Company (the "Directors"), as detailed below.
This sale was undertaken to satisfy demand for the Company's shares, and to improve liquidity going forward. The Ordinary Shares were sold to a range of institutional investors at a price of 425 pence per Ordinary Share.
Included in the shares sold by the Directors were 25,000 Ordinary Shares sold by Ray Davies, and 50,000 Ordinary Shares sold by Simon Thomas following exercises by them on 26 April 2017 of options held by them over the same number of shares under the terms of the Company's unapproved share option plan. The options were exercised at 213.50p in the case of Ray Davies and 136.00p in the case of Simon Thomas.
Subsequent to the Placing, the Directors revised shareholdings are set out below:
Hot Features
Premium
Vendors Shares sold Resultant shareholding
-------------- ------------------------------ ------------------------------
Number % of Issued Number % of Issued
of Ordinary Share Capital of Ordinary Share Capital
Shares Shares
-------------- ------------- --------------- ------------- ---------------
Simon Thomas 50,000 0.17 2,061,190 7.04
-------------- ------------- --------------- ------------- ---------------
Charles
Peal 180,000 0.61 665,000 2.07
-------------- ------------- --------------- ------------- ---------------
Ray Davies 25,000 0.09 46,982 0.16
-------------- ------------- --------------- ------------- ---------------
The total number of Ordinary Shares in issue following the sale of treasury shares and exercise of options referred to above will be 29,274,230 with no shares held in treasury. This figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
Lok'nStore Andrew Jacobs, CEO Ray Davies, Finance Director 01252 521 010 finnCap Ltd Julian Blunt, Giles Rolls, Corporate Finance Alice Lane, Corporate Broking 020 7220 0500 Camarco Billy Clegg / Tom Huddart 0203 757 4980
Notes for Editors
Lok'nStore is one of the leading companies in the fast growing UK self-storage market, currently operating 26 highly visible, distinctive orange livery self-storage centres in prominent locations in South-East England and two serviced document storage sites. Lok'nStore is substantially into a programme of opening four new stores in Gillingham, Wellingborough, Broadstairs and Hemel Hempstead which will all open by the end of the 2017.
-.
1. Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------
a) Name Charles Peal
---- -------------------------------- ----------------------------
2. Reason for the Notification
---- --------------------------------------------------------------
a) Position/status Non-Executive Director
---- -------------------------------- ----------------------------
b) Initial notification/Amendment Initial
---- -------------------------------- ----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------
a) Name Lok'nStore Group Plc
---- -------------------------------- ----------------------------
b) LEI 213800MXVAMG3CA42A19
---- -------------------------------- ----------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
----
Identification GB0007276115
code
---- -------------------------------- ----------------------------
b) Nature of the Sale of ordinary shares
transaction
---- -------------------------------- ----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) -------------- ----------
Sale at 425p 180,000
-------------- ----------
---- -------------------------------- ----------------------------
d) Aggregated information: 180,000
* Aggregated volume 425p
* Price
------------------------------------- ----------------------------
e) Date of the transaction 26 April 2017
---- -------------------------------- ----------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
---- -------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Simon Thomas
--- ------------------------------- --------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name Lok'nStore Group Plc
--- ------------------------------- --------------------------------
b) LEI 213800MXVAMG3CA42A19
--- ------------------------------- --------------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
---
Identification GB0007276115
code
--- ------------------------------- --------------------------------
b) Nature of the Exercise of share options
transaction and sale of shares
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------------- ----------
Option exercise
price 136.00p 50,000
----------------- ----------
Sale at 425p 50,000
----------------- ----------
--- ------------------------------- --------------------------------
d) Aggregated information: 50,000 share options exercised
* Aggregated volume at 136.00p
50,000 ordinary shares sold
at 425p
* Price
--- ------------------------------- --------------------------------
e) Date of the transaction 26 April 2017
--- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- --------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Ray Davies
--- ------------------------------- --------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------
a) Position/status Finance Director
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name Lok'nStore Group Plc
--- ------------------------------- --------------------------------
b) LEI 213800MXVAMG3CA42A19
--- ------------------------------- --------------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
---
Identification GB0007276115
code
--- ------------------------------- --------------------------------
b) Nature of the Exercise of share options
transaction and sale of shares
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------------- ----------
Option exercise
price 213.50p 25,000
----------------- ----------
Sale at 425p 25,000
----------------- ----------
--- ------------------------------- --------------------------------
d) Aggregated information: 25,000 share options exercised
* Aggregated volume at 213.50p
25,000 ordinary shares sold
at 425p
* Price
--- ------------------------------- --------------------------------
e) Date of the transaction 26 April 2017
--- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAPLXADPXEEF
(END) Dow Jones Newswires
April 27, 2017 04:40 ET (08:40 GMT)
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