Marks Electrical Group plc Director/PDMR Shareholdings

RNS Number : 9421L

Marks Electrical Group plc

25 April 2024

 

 

 

25 April 2024

 

 

Marks Electrical Group plc

 

Director/PDMR Shareholdings

 

Notification of transactions by persons discharging managerial responsibilities ("PDMR")

 

Marks Electrical Group plc ("Marks Electrical", "the Company" or "the Group"), a fast-growing online electrical retailer, today announces that Josh Egan, Chief Financial Officer of the Group, transferred 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Share") from his personal holdings into his Individual Savings Account ("ISA") and his Self-Invested Personal Pension ("SIPP") at a price of 70 pence per Ordinary Share (the "Transfer"). The Transfer was effected by the sale and immediate repurchase of the Ordinary Shares. Following the Transfer, Josh Egan's beneficial interest in the Company remains unchanged at an aggregate of 142,000* Ordinary Shares.

* 2,000 ordinary shares are held by Mariam Egan.

 

The Notification of Dealing Form is set out below.

The following transaction has been notified to the Company pursuant to Article 19.1(a) of the UK Market Abuse Regulation ("MAR"). This notification is issued in accordance with Article 19.3 of MAR.

 

1	Details of the person discharging managerial responsibilities / person closely associated ("PCA")
a)	Name	Josh Egan
2	Reason for the notification
a)	Position/status	PDMR (Chief Financial Officer)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marks Electrical Group plc
b)	LEI	2138007KN8TKPIXIQE92
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 instrument	Ordinary shares of 1 pence each
b)	Identification code of the Financial Instrument	ISIN: GB00BM8Q5G47
c)	Nature of the transaction	Transfer of Ordinary Shares into ISA and SIPP
d)	Price(s) and volume(s)	Transaction Price(s) Volume(s) Shares sold £0.7000 40,000 Shares purchased by ISA £0.7005 22,857 Shares purchased by SIPP £0.7005 17,143
e)	Aggregated information:  volume, Price	Single Transaction
f)	Date of the transaction	24 April 2024
g)	Place of the transaction	London Stock Exchange

 

 

Enquiries:

Marks Electrical Group plc Mark Smithson, CEO Josh Egan, CFO	Via Dentons Global Advisors   Tel: [phone]
Dentons Global Advisors (Financial PR) Jonathon Brill / James Styles / Fern Duncan	Tel: [phone] [e-mail]
Canaccord Genuity (NOMAD and Broker) Max Hartley / George Grainger	Tel: [phone]

 

 

 

 

 

 

 

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