New Trend Lifestyle Group plc Director's Dealing (1495D)

TIDMNTLG

RNS Number : 1495D

New Trend Lifestyle Group plc

24 April 2017

24 April 2017

New Trend Lifestyle Group Plc

("NTLG" or the "Company")

Director's Dealing

New Trend Lifestyle Group Plc, the Singapore-based Feng Shui products and services group, announces the following dealing in the Company's ordinary shares of 0.1 pence each (Ordinary Shares) by Grand Master Hillary Phang Song Hua ("Master Phang"), Chief Executive Officer.

The Company has been notified that Master Phang has today sold 30,000,000 Ordinary Shares to Bliss Season Holdings Limited for a total consideration of GBP195,000.

Master Phang retains a beneficial interest in 31,453,333 Ordinary Shares, representing approximately 25.16 per cent. of the Company's issued Ordinary Share capital.

Bliss Season Holdings Limited is a company which is wholly owned by Ms Tong Shyn Leng. Due to the size of this shareholding, Ms Tong Shyn Leng has entered into a Relationship Agreement with the Company and the Company's Nominated Adviser which regulates the shareholder's relationship with the Company.

Greg Collier, the Company's Chairman, commented: 'This sale of shares by Master Phang is for personal reasons, but we are assured that his commitment remains and he is focused on driving the business forward.'

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

(Disclosure in relation to a sale of Ordinary Shares)

 
       Details of the person discharging managerial 
   1    responsibilities / person closely associated 
----  ---------------------------------------------------- 
 a)    Name                     Grand Master Hillary Phang 
                                 Song Hua 
----  -----------------------  --------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------- 
 a)    Position/status          Chief Executive Officer 
----  -----------------------  --------------------------- 
 b)    Initial notification     Initial notification 
        /Amendment 
----  -----------------------  --------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------- 
 a)    Name                     New Trend Lifestyle Group 
                                 Plc 
----  -----------------------  --------------------------- 
 b)    LEI                      N/A 
----  -----------------------  --------------------------- 
 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 0.1p each 
        of the financial 
        instrument,              GB00B8L0LP68 
        type of instrument 
        Identification 
        code 
----  -----------------------  --------------------------- 
 b)    Nature of the            Sale of ordinary shares 
        transaction 
----  -----------------------  --------------------------- 
 c)    Price(s) and               Price(s)     Volume(s) 
        volume(s)                 -----------  ----------- 
                                   0.65pence    30,000,000 
                                  -----------  ----------- 
----  -----------------------  --------------------------- 
 d)    Aggregated information   N/A 
----  -----------------------  --------------------------- 
 e)    Date of the              24 April 2017 
        transaction 
----  -----------------------  --------------------------- 
 f)    Place of the             Off Market 
        transaction 
----  -----------------------  --------------------------- 
 

END

For further information:-

 
 New Trend Lifestyle Group Plc               +44 (0) 7830 
  Gregory Collier, Non-Executive Chairman     182501 
 SPARK Advisory Partners Limited 
  (NOMAD)                                    +44 (0) 20 
  Mark Brady/Neil Baldwin                     3368 3551 
 SI Capital Ltd (Broker)                     +44 (0)1483 
  Nick Emerson, Andy Thacker                  413500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 24, 2017 09:06 ET (13:06 GMT)