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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 | |
---|---|---|---|---|---|---|---|---|---|---|
12.50 | 5.15% | 255.00 | 250.00 | 260.00 | 255.00 | 242.50 | 242.50 | 46,783 | 16:17:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Homefurnishings Stores | 111.09M | 5.56M | 0.4037 | 6.32 | 35.09M |
TIDMPMP
RNS Number : 9448O
Portmeirion Group PLC
22 May 2018
22 May 2018
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") and The Portmeirion Group 2010 Deferred Incentive Share Option Plan (the "Deferred Plan")
The Company announces that, on 21 and 22 May 2018, the following transactions occurred for the persons discharging managerial responsibilities ("PDMRs") as shown below:
Option Number Number Option Deferred Exercise Deferred Plans of of Ordinary Plans Plan Price Plan Exercise options Shares number number over existing Price exercised sold options options Deferred options per under under granted granted Plan exercised Ordinary Option Option (C) (D) options (E) Share Plans Plans (A) (B) Company directors/officers: Group Sales & Philip Atherton Marketing Director GBP9.35 33,000 29,517 25,000 2,792 GBP1.00 1,102 Lawrence Bryan Chief Executive GBP9.35 49,500 99,500 40,000 6,940 GBP1.00 2,034 Michael Knapper Operations Director GBP9.35 11,000 9,826 25,000 1,750 GBP1.00 - Moira MacDonald Company Secretary GBP9.35 4,400 3,860 7,500 - - - Group Finance Michael Raybould Director - - - 30,000 2,917 GBP1.00 - Subsidiary Company directors: Samantha Pearce HR Director GBP9.35 4,400 4,300 7,500 - - - Nigel Spencer Production Director GBP6.10 8,121 8,121 7,500 - - - Nigel Spencer Production Director GBP7.40 7,667 7,667 - - - - --------- ---------- ------------ -------- -------- --------- ---------- Total: 118,088 162,791 142,500 14,399 3,136
Note:
(A) Exercise of options over Ordinary Shares under Option Plans. (B) Sale of Ordinary Shares. (C) Grant of options under Option Plans. (D) Grant of new options under Deferred Plan. (E) Exercise of existing options under the Deferred Plan.
Subsequent to the exercises above, The Portmeirion Employees' Share Trust (the "Trust"), transferred 102,300 Ordinary Shares to the PDMRs named above (excluding Nigel Spencer) and 18,700 Ordinary Shares to other employees. In addition, the Company issued 15,788 Ordinary Shares to Nigel Spencer and 1,591 Ordinary Shares to another employee. As a result of the exercise of Deferred Plan options detailed above, the Company transferred 3,136 Ordinary Shares from the Ordinary Shares held in treasury by the Company.
In addition, the Company granted 142,500 options over Ordinary Shares to the PDMR's shown above and a further 52,500 options over Ordinary Shares to other senior managers over Ordinary Shares pursuant to the Option Plans, including the amounts shown above.
The Trust has notified the Company that the Trust purchased 99,500 Ordinary Shares from Lawrence Bryan at GBP11.85 per Ordinary Share on 21 May 2018 and a further 83,582 Ordinary Shares in the market at GBP11.80 on 22 May 2018. Following the purchases the Trust will hold 214,999 Ordinary Shares representing 1.98% of the Company's enlarged share capital.
In order to facilitate the transactions above, the Company has made an application to the London Stock Exchange for, 20,515 new Ordinary Shares to be admitted to trading on AIM and trading of these Ordinary Shares is expected to commence on or around 29 May 2018 ("Admission").
Following Admission, the total number of Ordinary Shares held by the Company in treasury is 234,607, and the Company will have 11,107,483 Ordinary Shares in issue and 10,872,876 Ordinary Shares with voting rights. The figure of 10,872,876 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
The total number of Ordinary Shares over which each PDMR holds options and the total number of Ordinary Shares with voting rights held following this Admission is:
Total Total Ordinary number number Shares percentage of options of of Company's over Ordinary Ordinary Ordinary Shares Shares Shares with with voting rights voting rights Philip Atherton 54,157 15,134 0.14% Lawrence Bryan 89,800 95,701 0.88% Michael Raybould 62,917 - - Michael Knapper 46,750 2,511 0.02% Moira MacDonald 15,000 2,693 0.02% Samantha Pearce 15,000 100 0.00% Nigel Spencer 33,667 - -
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).
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 Company directors/officers: --------------------------------------- Group Sales & Philip Atherton Marketing Director ----------------- -------------------- Lawrence Chief Executive Bryan ----------------- -------------------- Michael Knapper Operations Director ----------------- -------------------- Moira MacDonald Group Company Secretary ----------------- -------------------- Michael Raybould Group Finance Director ----------------- -------------------- Subsidiary Company directors: --------------------------------------- Samantha HR Director Pearce ----------------- -------------------- Nigel Spencer Production Director ----------------- -------------------- --- ------------------------------- ------------------------------------------------------------- 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 under The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "Option Plans"). (B) Sale of Ordinary Shares. (C) Performance related, Grant of options under Option Plans. Exercise period 23 May 2021 - 21 May 2028. (D) Grant of new options under The Portmeirion Group 2010 Deferred Incentive Share Option Plan (the "Deferred Plan"). (E) Exercise of Existing options under the Deferred Plan. --- ------------------------------- ------------------------------------------------------------- d) Price(s) and volume(s) In respect of (A) Exercise of options over Ordinary Shares under the Option Plans Price Exercise price of 610 pence per Ordinary Share for options granted on 2 May 2013, 740 pence per Ordinary Share for options granted on 30 April 2014 and 935 pence per Ordinary Share for options granted on 27 April 2015. Volume(s) Philip Atherton - Options over 33,000 Ordinary Shares at 935 pence per Ordinary Share. Lawrence Bryan - Options over 49,500 Ordinary Shares at 935 pence per Ordinary Share. Michael Knapper - Options over 11,000 Ordinary Shares at 935 pence per Ordinary Share. Moira MacDonald - Options over 4,400 Ordinary Shares at 935 pence per Ordinary Share. Samantha Pearce - Options over 4,400 Ordinary Shares at 935 pence per Ordinary Share. Nigel Spencer - Options over 8,121 Ordinary Shares at 610 pence per Ordinary Share. Nigel Spencer - Options over 7,667 Ordinary Shares at 740 pence per Ordinary Share. In respect of (B) Sale of Ordinary Shares Price Volume of Ordinary Shares ----------------- ---------- ------------- Philip Atherton GBP11.80 29,517 ----------------- ---------- ------------- Lawrence Bryan GBP11.85 99,500 ----------------- ---------- ------------- Michael Knapper GBP11.80 9,826 ----------------- ---------- ------------- Moira MacDonald GBP11.80 3,860 ----------------- ---------- ------------- Samantha Pearce GBP11.80 4,300 ----------------- ---------- ------------- Nigel Spencer GBP11.80 15,788 ----------------- ---------- ------------- In respect of (C) Grant of options under Option Plans Price at grant: Nil Exercise Price: GBP11.80 pence per Ordinary Share Volume(s) Options over Ordinary Shares ------------------ ---------- Philip Atherton 25,000 ------------------ ---------- Lawrence Bryan 40,000 ------------------ ---------- Michael Raybould 30,000 ------------------ ---------- Michael Knapper 25,000 ------------------ ---------- Moira MacDonald 7,500 ------------------ ---------- Samantha Pearce 7,500 ------------------ ---------- Nigel Spencer 7,500 ------------------ ---------- In respect of (D) Grant of options under Deferred Plan Price at grant: Nil Exercise price of GBP1.00 per all 2,792 Deferred Plan options over Ordinary Shares granted to Philip Atherton. Exercise price of GBP1.00 per all 6,940 Deferred Plan options over Ordinary Shares granted to Lawrence Bryan. Exercise price of GBP1.00 per all 2,917 Deferred Plan options over Ordinary Shares granted to Michael Raybould. Exercise price of GBP1.00 per all 1,750 Deferred Plan options over Ordinary Shares granted to Michael Knapper. In respect of (E) Exercise of options under the Deferred Plan Exercise price of GBP1.00 per all 1,102 Deferred Plan options over Ordinary Shares exercised by Philip Atherton. Exercise price of GBP1.00 per all 2,034 Deferred Plan options over Ordinary Shares exercised by Lawrence Bryan. --- ------------------------------- ------------------------------------------------------------- e) Aggregated information In respect of (A) Exercise
* Aggregated volume of options over Ordinary Shares under the Option Plans Aggregated * Price cost of exercise ---------------- ------------------ Philip Atherton GBP308,550 ---------------- ------------------ Lawrence Bryan GBP462,825 ---------------- ------------------ Michael Knapper GBP102,850 ---------------- ------------------ Moira MacDonald GBP41,140 ---------------- ------------------ Samantha Pearce GBP41,140 ---------------- ------------------ Nigel Spencer GBP106,274 ---------------- ------------------ In respect of (B) Sale of Ordinary Shares Aggregated sales proceeds ---------------- ---------------- Philip Atherton GBP348,301 ---------------- ---------------- Lawrence Bryan GBP1,179,075 ---------------- ---------------- Michael Knapper GBP115,947 ---------------- ---------------- Moira MacDonald GBP45,548 ---------------- ---------------- Samantha Pearce GBP50,740 ---------------- ---------------- Nigel Spencer GBP186,298 ---------------- ---------------- In respect of (C) Grant of options under Option Plans Nil, grant of options only In respect of (D) Grant of options under Deferred Plan Nil, grant of options only In respect of (E) Exercise of options under the Deferred Plan GBP1.00 GBP1.00 --- ------------------------------- ------------------------------------------------------------- f) Date of the transactions In respect of (A) Exercise of options over Ordinary Shares under the Option Plans - 21 May 2018 for the Exercise of options by Lawrence Bryan; 22 May 2018 for all other PDMRs and employees. In respect of (B) Sale of Ordinary Shares - 21 May 2018 for the sale by Lawrence Bryan; 22 May 2018 for all other PDMRs. In respect of (C) Grant of options under Option Plans - 22 May 2018 In respect of (D) Grant of options under Deferred Plan - 21 May 2018 In respect of (E) Exercise of options under the Deferred Plan - 21 May 2018 --- ------------------------------- ------------------------------------------------------------- f) Place of the transactions In respect of (A) Exercise of options over Ordinary Shares under the Option Plans - Off-market In respect of (B) Sale of Ordinary Shares - Combination of Off-market and London Stock Exchange, AIM Market (XLON) In respect of (C) Grant of options under Option Plans - - Off-market In respect of (D) Grant of options under Deferred Plan - Off-market In respect of (E) Exercise of options under the Deferred Plan - Off-market --- ------------------------------- -------------------------------------------------------------
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 744 721 steele_clan@msn.com
Non-executive Chairman
Mike Raybould +44 (0) 1782 744 721 mraybould@portmeiriongroup.com
Group Finance Director
Hudson Sandler:
Dan de Belder +44 (0) 207 796 4133 ddebelder@hudsonsandler.com
Nick Moore nmoore@hudsonsandler.com
Panmure Gordon:
(Nominated Adviser and Broker): +44 (0) 207 886 2500 Freddy Crossley/ Ryan McCarthy Corporate Finance James Stearns Corporate Broking
Cantor Fitzgerald Europe:
(Joint Broker): +44 (0) 207 894 7000 Catherine Leftley /Marc Milmo Corporate Finance Alex Pollen Sales
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.
END
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May 22, 2018 13:30 ET (17:30 GMT)
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