Plastics Capital PLC Director/PDMR Dealing and Issue of Equity (5737S)

TIDMPLA

RNS Number : 5737S

Plastics Capital PLC

03 October 2017

Plastics Capital plc

(the "Company" or the "Group")

Director/PDMR Dealing and Issue of Equity

Plastics Capital announces that, on 3 October 2017, Andrew Walker, Non-Executive Director, exercised options over 50,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of GBP1.00 per Ordinary Share pursuant to the Options Agreement dated 27 November 2007.

Accordingly, an application has been made for 50,000 Ordinary Shares to be admitted to trading on AIM ("Admission") which is expected to occur on 9 October 2017. Following Admission the Company will have 38,995,151 Ordinary Shares in issue. 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 and Transparency Rules.

Following Admission, Andrew Walker will hold 295,684 Ordinary Shares, representing approximately 0.76% per cent. of the Company's issued share capital.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Andrew Walker 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
---  -------------------------  ---------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       Plastics Capital 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 of             Ordinary shares of 1p each 
       the financial 
       instrument, type 
       of instrument              Company ISIN: GB00B289KK20 
 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature of the              Exercise of options over 
       transaction                ordinary shares 
---  -------------------------  ---------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    GBP1.00        50,000 
                                   ----------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Date of the transaction    3 October 2017 
---  -------------------------  ---------------------------- 
 e)   Place of the transaction   Outside a trading venue 
---  -------------------------  ---------------------------- 
 

Enquiries:

 
 Plastics Capital          Tel: [phone] 
  plc 
 Faisal Rahmatallah, 
  Chairman 
 Nick Ball, Finance 
  Director 
 
 Cenkos Securities         Tel: [phone] 
 (Nomad and joint 
  broker) 
  Mark Connelly 
  Callum Davidson 
 
 Allenby Capital Limited   Tel: [phone] 
 (Joint broker) 
  David Hart 
 Katrina Perez 
 
 

Notes to Editor

Plastics Capital is a niche manufacturer of specialist plastic products. Applications for these products vary widely and examples include:

   --              Packaging for the food manufacturing and distribution - films, sacks and pouches 

-- Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

   --              Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel 
   --              Cardboard box manufacture - plastic creasing matrices 

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further three factories in Asia. Approximately 40% of its GBP77 million sales are made outside the UK to more than 80 countries.

Further information can be found on www.plasticscapital.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 03, 2017 07:43 ET (11:43 GMT)