We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Morses Club Plc | LSE:MCL | London | Ordinary Share | GB00BZ6C4F71 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.21 | 0.20 | 0.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2021 to Apr 2024
TIDMMCL
RNS Number : 6908K
Morses Club PLC
03 September 2021
3 September 2021
Morses Club PLC
Directors/PDMRs Dealings
Morses Club PLC ("Morses Club" or "the Company"), an established provider of non-standard financial services, announces that, further to the awards of nil cost options over 1p ordinary shares in the Company ("Shares") that were made on 5 May 2018 under the Deferred Share Plan ("DSP"), which vested on 19 August 2021, the Company has been notified that the following Directors/Persons Discharging Managerial Responsibilities (PDMRs) of the Company exercised their options and sold Shares (in part to satisfy their Income Tax and National Insurance liabilities) on 2 September 2021 as follows:
Hot Features
Premium
PDMR Number Number Number Number Total number Net number
of Shares of Shares of Shares of additional of Shares of Shares
awarded exercised sold to Shares sold retained
under DSP satisfy sold
Income
Tax and
NICs liability
Paul Smith 246,150 246,150 118,152 0 118,152 127,998
----------- ----------- ---------------- --------------- ------------- -----------
Thomas
Andrew
Thomson 188,757 188,757 90,603 0 90,603 98,154
----------- ----------- ---------------- --------------- ------------- -----------
Tracey
Mulligan 128,507 128,507 61,683 0 61,683 66,824
----------- ----------- ---------------- --------------- ------------- -----------
Ian Cooper 149,200 149,200 71,616 77,584 149,200 0
----------- ----------- ---------------- --------------- ------------- -----------
This announcement is made in accordance with the requirements of the UK Market Abuse Regulation. The notification of dealing forms can be found below.
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Paul Smith
-------------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status PDMR, Chief Executive Officer
-------------------------------------- --------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Morses Club PLC
-------------------------------------- --------------------------------------
b) Legal Entity Identifier 2138009PVBE5FDT58R09
-------------------------------------- --------------------------------------
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 Ordinary shares of 1 pence each
instrument, type of instrument:
Identification code: GB00BZ6C4F71
-------------------------------------- --------------------------------------
b) Nature of the transaction (i) Exercise of options over
ordinary shares of 1 pence each
under the Morses Club PLC Deferred
Share Plan
(ii) Sale of ordinary shares
of 1 pence each
-------------------------------------- --------------------------------------
c) Currency GBP
-------------------------------------- --------------------------------------
d) Price(s) and volume(s) (i) Exercise of options:
-------------------------------------- --------------------------------------
nil 246,150 shares
-------------------------------------- ----------------- -------------------
(ii) Sale of shares:
--------------------------------------
73.75 pence 118,152 shares
----------------- -------------------
e) Aggregated information (i) NA
- Aggregated volume (ii) NA
- Price
-------------------------------------- --------------------------------------
f) Date of the transaction (i) 2 September 2021
(ii) 2 September 2021
-------------------------------------- --------------------------------------
g) Place of the transaction (i) Outside of a trading venue
(ii) London Stock Exchange, AIM
-------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Thomas Andrew Thomson
-------------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status PDMR, Non-Executive Director
-------------------------------------- --------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Morses Club PLC
-------------------------------------- --------------------------------------
b) Legal Entity Identifier 2138009PVBE5FDT58R09
-------------------------------------- --------------------------------------
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 Ordinary shares of 1 pence each
instrument, type of instrument:
Identification code: GB00BZ6C4F71
-------------------------------------- --------------------------------------
b) Nature of the transaction (i) Exercise of options over
ordinary shares of 1 pence each
under the Morses Club PLC Deferred
Share Plan
(ii) Sale of ordinary shares
of 1 pence each
-------------------------------------- --------------------------------------
c) Currency GBP
-------------------------------------- --------------------------------------
d) Price(s) and volume(s) (i) Exercise of options:
-------------------------------------- --------------------------------------
nil 188,757 shares
-------------------------------------- ----------------- -------------------
(ii) Sale of shares:
--------------------------------------
73.75 pence 90,603 shares
----------------- -------------------
e) Aggregated information (i) NA
- Aggregated volume (ii) NA
- Price
-------------------------------------- --------------------------------------
f) Date of the transaction (i) 2 September 2021
(ii) 2 September 2021
-------------------------------------- --------------------------------------
g) Place of the transaction (i) Outside of a trading venue
(ii) London Stock Exchange, AIM
-------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Tracey Mulligan
-------------------------------------- ---------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status PDMR
-------------------------------------- ---------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Morses Club PLC
-------------------------------------- ---------------------------------
b) Legal Entity Identifier 2138009PVBE5FDT58R09
-------------------------------------- ---------------------------------
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 Ordinary shares of 1 pence
instrument, type of instrument: each
Identification code:
GB00BZ6C4F71
-------------------------------------- ---------------------------------
b) Nature of the transaction (i) Exercise of options over
ordinary shares of 1 pence
each under the Morses Club
PLC Deferred Share Plan
(ii) Sale of ordinary shares
of 1 pence each
-------------------------------------- ---------------------------------
c) Currency GBP
-------------------------------------- ---------------------------------
d) Price(s) and volume(s) (i) Exercise of options:
-------------------------------------- ---------------------------------
nil 128,507 shares
-------------------------------------- --------------- ----------------
(ii) Sale of shares:
---------------------------------
73.75 pence 61,683 shares
--------------- ----------------
e) Aggregated information (i) NA
- Aggregated volume (ii) NA
- Price
-------------------------------------- ---------------------------------
f) Date of the transaction (i) 2 September 2021
(ii) 2 September 2021
-------------------------------------- ---------------------------------
g) Place of the transaction (i) Outside of a trading venue
(ii) London Stock Exchange,
AIM
-------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Ian Cooper
-------------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status PDMR
-------------------------------------- --------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Morses Club PLC
-------------------------------------- --------------------------------------
b) Legal Entity Identifier 2138009PVBE5FDT58R09
-------------------------------------- --------------------------------------
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 Ordinary shares of 1 pence each
instrument, type of instrument:
Identification code: GB00BZ6C4F71
-------------------------------------- --------------------------------------
b) Nature of the transaction (i) Exercise of options over
ordinary shares of 1 pence each
under the Morses Club PLC Deferred
Share Plan
(ii) Sale of ordinary shares
of 1 pence each
-------------------------------------- --------------------------------------
c) Currency GBP
-------------------------------------- --------------------------------------
d) Price(s) and volume(s) (i) Exercise of options:
-------------------------------------- --------------------------------------
nil 149,200 shares
-------------------------------------- ----------------- -------------------
(ii) Sale of shares:
--------------------------------------
73.75 pence 149,200 shares
----------------- -------------------
e) Aggregated information (i) NA
- Aggregated volume (ii) NA
- Price
-------------------------------------- --------------------------------------
f) Date of the transaction (i) 2 September 2021
(ii) 2 September 2021
-------------------------------------- --------------------------------------
g) Place of the transaction (i) Outside of a trading venue
(ii) London Stock Exchange, AIM
-------------------------------------- --------------------------------------
As at 2 September 2021, Paul Smith is the beneficial owner of 707,072 Shares and Thomas Andrew Thomson is the beneficial owner of 3,327,845 Shares.
For further information please contact:
Morses Club PLC Tel: +44 (0) 330 Paul Smith, Chief Executive Officer 045 0719 Graeme Campbell, Chief Financial Officer Peel Hunt (Nominated Adviser) Tel: +44 (0) 20 7418 Andrew Buchanan 8900 Rishi Shah Duncan Littlejohns Jasmine Kanish (Investment Banking Division) Camarco Tel: +44 (0) 20 3757 Jennifer Renwick 4994 Jake Thomas
Notes to Editors
About Morses Club
Morses Club is an established provider of non-standard financial services in the UK. The Group consists of Morses Club, the second largest HCC provider, and Shelby Finance Limited, Morses Club's Digital division, which operates under two online brands, Dot Dot Loans, an online lending provider, and U Account, which offers online e-money current accounts. The Group's growing Digital capabilities and scalable, highly invested IT platform has enabled Morses Club to deliver an increasingly broad range of financial products and services to the non-standard credit market.
UK HCC is considered to be a specialised segment of the broader UK non-standard credit market. UK HCC loans are typically small, unsecured cash loans delivered directly to customers' homes. Repayments are collected in person during weekly follow-up visits to customers' homes.
Morses Club's HCC division is the second largest UK Home Collected Credit (HCC) lender with 151,000 customers throughout the UK. The majority of the Company's customers are repeat borrowers and the HCC division enjoys consistently high customer satisfaction scores of 98% (2) . In 2016, the Morses Club Card, a cashless lending product, was introduced and in 2019 the Company introduced an online customer portal for its HCC customers, which now has over 107,000 registered customers.
The Group's growing Digital division, Shelby Finance, operates under two online brands. Dot Dot Loans provides online instalment loans of up to 48 months to c. 23,000 active customers. U Account is a leading digital current account provider offering an alternative to traditional banking by providing a fully functional agency banking service. U Account currently has c. 6,000 customers.
Morses Club listed on AIM in May 2016.
About the UK non-standard credit market
The UK non-standard credit market, of which UK HCC is a subset, consists of both secured and unsecured lending and is estimated to comprise around 10 million consumers (3) and total loan receivables of GBP10.7bn (4) .
Non-standard credit is the provision of secured and unsecured credit to consumers other than through mainstream lenders. Lenders providing non-standard credit principally lend on an unsecured basis and the market is characterised by high frequency borrowing. Approximately 2 million people move annually between standard and non-standard markets (4) .
Since February 2014, unsecured personal lending has grown from GBP161 billion to GBP225 billion in February 2020. It has since contracted to GBP197 billion in March 2021(5) .
(1 High Cost Credit Review ANNEX 1 - July 2017 2 Independent Customer Satisfaction Survey conducted by Mustard 3 FCA High Cost Credit Review Technical Annex 1: CRA data analysis of UK personal debt - July 2017 4 Apex Insight - Non-Prime Consumer Credit: UK Market Insight Report - September 2019 5 Table A5.2, Bank of England Money and Credit Bank stats March 2021)
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHEANNDEFLFEEA
(END) Dow Jones Newswires
September 03, 2021 05:16 ET (09:16 GMT)
1 Year Morses Club Chart |
1 Month Morses Club Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
