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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Portmeirion Group Plc | LSE:PMP | London | Ordinary Share | GB0006957293 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 228.00 | 220.00 | 236.00 | 228.00 | 228.00 | 228.00 | 5,421 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Homefurnishings Stores | 111.09M | 5.56M | 0.4037 | 5.65 | 31.37M |
From Apr 2019 to Apr 2024
TIDMPMP
RNS Number : 4966N
Portmeirion Group PLC
09 August 2017
9 August 2017
Portmeirion Group PLC
(the "Company")
Exercise of Options and PDMR Shareholdings
The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "Option Plans") Exercises
The Company announces that, on 8 August 2017, the following persons discharging managerial responsibilities ("PDMRs") exercised options over ordinary shares of 5 pence each in the Company ("Ordinary Shares") which were granted pursuant to the Option Plans as detailed below:
Hot Features
Premium
Date of Exercise Price Number of
Grant per Ordinary options exercised
Share in pence
Philip Atherton 2 May 2013 610 30,000
30 April
Philip Atherton 2014 740 30,000
Lawrence Bryan 2 May 2013 610 45,000
30 April
Lawrence Bryan 2014 740 45,000
30 April
Michael Knapper 2014 740 10,000
30 April
Moira MacDonald 2014 740 4,0000
Total 164,000
Subsequently the Company was notified on 8 August 2017 that The Portmeirion Employees' Share Trust (the "Trust"), on 8 August 2017, transferred 78,929 Ordinary Shares to the Executive Directors following the exercise of certain options as detailed above. In addition, on 8 August 2017, the Company issued 85,071 Ordinary Shares for the balance of the exercise of certain options as detailed above.
Application has been made for the issued 85,071 Ordinary Shares to be admitted to trading on AIM ("Admission") and trading of these Ordinary Shares is expected to commence on or around 15 August 2017.
Following Admission, the total number of Ordinary Shares held by the Company in treasury is 237,743, and the Company will have 11,090,104 Ordinary Shares in issue and 10,852,361 Ordinary Shares with voting rights. The figure of 10,852,361 Ordinary Shares may be used by shareholders of Portmeirion Group PLC as the denominator for the calculations to 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.
PDMR Shareholdings
Furthermore, on 8 August 2017, the PDMRs sold the following number of Ordinary Shares immediately upon the exercise of certain options, and in the case of Philip Atherton and Michael Knapper, who are building their shareholding in the Company, the amount being sufficient to pay the balance of associated costs and liabilities of exercise:
Number Number Sale Price Total number Percentage
of Ordinary of Ordinary per Ordinary of Ordinary of Company's
Shares Shares Share in Shares issued
received sold pence held at share capital
upon exercise Admission at Admission
of options
Philip Atherton 60,000 49,843 GBP9.65 10,549 0.10
Lawrence Bryan 90,000 90,000 GBP9.65 143,667 1.32
Michael Knapper 10,000 8,663 GBP9.65 1,337 0.01
Moira MacDonald 4,000 3,347 GBP9.65 2,153 0.02
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------------
a) Name Philip Atherton - Group
Sales & Marketing Director
Lawrence Bryan - Chief Executive
Michael Knapper - Operations
Director
Moira MacDonald - Group
Company Secretary
--- ------------------------------- ---------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions
- all classified as PDMRs
of the Company
--- ------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------------
a) Name Portmeirion Group PLC
--- ------------------------------- ---------------------------------------
b) LEI 2138003QC9J6TLZJHO70
--- ------------------------------- ---------------------------------------
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 Ordinary Shares of 5 pence
financial instrument each
--- ------------------------------- ---------------------------------------
b) Identification code GB0006957293
--- ------------------------------- ---------------------------------------
c) Nature of the transactions (A) Exercise of options
over Ordinary Shares
(B) Sale of Ordinary Shares
--- ------------------------------- ---------------------------------------
d) Price(s) and volume(s) In respect of (A):
Price
Exercise price of 610 pence
per Ordinary Share for options
granted on 2 May 2013 and
740 pence per Ordinary Share
for options granted on 30
April 2014
Volume(s)
Philip Atherton - Options
over 30,000 Ordinary Shares
at 610 pence per Ordinary
Share and 30,000 Ordinary
Shares at 740 pence per
Ordinary Share.
Lawrence Bryan - Options
over 45,000 Ordinary Shares
at 610 pence per Ordinary
Share and 45,000 Ordinary
Shares at 740 pence per
Ordinary Share.
Michael Knapper - Options
over 10,000 Ordinary Shares
at 740 pence per Ordinary
Share.
Moira MacDonald - Options
over 4,000 Ordinary Shares
at 740 pence per Ordinary
Share.
In respect of (B):
Price - 965 pence per Ordinary
Share
Volume(s)
Philip Atherton - 49,843
Ordinary Shares
Lawrence Bryan - 90,000
Ordinary Shares
Michael Knapper - 8,663
Ordinary Shares
Moira MacDonald - 3,347
Ordinary Shares
--- ------------------------------- ---------------------------------------
e) Aggregated information
* Aggregated volume In respect of (A):
Aggregated
cost of exercise
* Price ---------------- ------------------
Philip Atherton GBP405,000
---------------- ------------------
Lawrence Bryan GBP607,500
---------------- ------------------
Michael Knapper GBP74,000
---------------- ------------------
Moira MacDonald GBP29,600
---------------- ------------------
In respect of (B):
Aggregated
sales proceeds
---------------- ----------------
Philip Atherton GBP480,984.95
---------------- ----------------
Lawrence Bryan GBP868,500.00
---------------- ----------------
Michael Knapper GBP83,597.95
---------------- ----------------
Moira MacDonald GBP32,298.55
---------------- ----------------
--- ------------------------------- ---------------------------------------
f) Date of the transactions 8 August 2017
--- ------------------------------- ---------------------------------------
f) Place of the transactions (A) Off-market
(B) London Stock Exchange,
AIM Market (XLON)
--- ------------------------------- ---------------------------------------
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group
PLC:
Dick Steele +44 (0) 1782 steele_clan@msn.com
744 721
Non-executive Chairman
Mike Raybould +44 (0) 1782 mraybould@portmeiriongroup.com
744 721
Group Finance Director
Bell Pottinger:
Dan de Belder +44 (0) 203 ddebelder@bellpottinger.com
Robert McGowan Stuart 772 2561 rmcgowanstuart@bellpottinger.com
+44 (0) 203
772 2553
Panmure Gordon
(Nominated Adviser +44 (0) 207
and Broker): 886 2500
Freddy Crossley/ Corporate
Duncan Monteith Finance
Tom Salvesen Corporate
Broking
Cantor Fitzgerald
Europe +44 (0) 207
(Joint Broker): 894 7000
Catherine Leftley Corporate
/Marc Milmo Finance
David Banks Sales
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEAXPNEFSXEEF
(END) Dow Jones Newswires
August 09, 2017 03:18 ET (07:18 GMT)
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