Molins PLC Director/PDMR Shareholding (3832I)

TIDMMLIN

RNS Number : 3832I

Molins PLC

16 June 2017

FOR IMMEDIATE RELEASE 16 June 2017

MOLINS PLC

(the "Company")

Director/PDMR Dealings

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

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                   David Cowen - Group Finance 
                              Director 
---  ---------------------  --------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status        See 1(a) above - Mr Cowen 
                              classified as a PDMR of the 
                              Company 
---  ---------------------  --------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
---  ---------------------  --------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------- 
 a)   Name                   Molins PLC 
---  ---------------------  --------------------------------- 
 b)   LEI 
---  ---------------------  --------------------------------- 
 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            Ordinary Shares of 25p each 
       of the financial       ("Ordinary Shares") 
       instrument, 
       type of instrument 
---  ---------------------  --------------------------------- 
 b)   Identification         GB0005991111 
       code 
---  ---------------------  --------------------------------- 
 c)   Nature of the          Transfer of Ordinary Shares 
       transaction(s)         to Mr Cowen by the Molins 
                              PLC Employee Trust ("Trust") 
                              upon exercise of a conditional 
                              grant over Ordinary Shares 
                              awarded on 27 February 2014 
                              under the Molins PLC Deferred 
                              Share Plan. 
                              Subsequent sale by Mr Cowen 
                              of Ordinary Shares back to 
                              the Trust. 
---  ---------------------  --------------------------------- 
 d)   Price(s) and           (a) In respect of the transfer 
       volume(s)              to Mr Cowen: 
                              Volume(s): 42,000 Ordinary 
                              Shares 
                              Price: GBPnil 
                              (b) In respect of the sale 
                              by Mr Cowen: 
                              Volume(s): 21,000 Ordinary 
                              Shares 
                              Price: 119.0 pence per Ordinary 
                              Share 
---  ---------------------  --------------------------------- 
 e)   Aggregated              N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  ---------------------  --------------------------------- 
 f)   Date of the            15 June 2017 
       transactions 
---  ---------------------  --------------------------------- 
 g)   Place of the           Outside a trading venue 
       transaction 
---  ---------------------  --------------------------------- 
 

Mr Cowen's beneficial interest following this transaction is now in 144,519 Ordinary Shares, representing 0.7% of the Company's issued share capital.

Name of authorised official of issuer responsible for making notification:

Nick Eland

Company Secretary to Molins PLC

For further information, please contact:

 
 Molins PLC                       Tel: [phone] 
  Nick Eland, Company Secretary 
 Panmure Gordon (UK) Limited      Tel: [phone] 
  (NOMAD)                          2500 
  Andrew Potts/ Peter Steel 
  - Corporate Finance 
  James Stearns - Corporate 
  Broking 
 Hudson Sandler                   Tel: [phone] 
  Nick Lyon, Jasper Bartlett       6378 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 16, 2017 11:36 ET (15:36 GMT)