Quarto Group Inc Director/PDMR Shareholding (7078J)

TIDMQRT

RNS Number : 7078J

Quarto Group Inc

06 December 2018

The Quarto Group, Inc.

("Quarto", the "Group" or the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") OR PERSONS CLOSELY ASSOCIATED WITH THEM ("PCA")

In accordance with Article 19(1) of the EU market Abuse Regulation No 596/2014, Quarto (LSE: QRT) announces that it received notice on 5 December 2018 that 1010 Printing Limited, a company incorporated in Hong Kong with registration number 1419686 ("1010 Printing"), and a company closely associated with Chuk Kin Lau, Chief Executive Officer of the Company ("CK Lau"), acquired 200,000 shares of common stock of $0.10 each ("Shares") in Quarto at a price of 71 pence per Share on 30 November 2018.

Following this transaction, 1010 Printing holds 4,114,929 Shares representing 20.13% of Quarto's issued share capital and C K Lau, and persons closely associated with him (including 1010 Printing), hold, in aggregate, 5,804,672 Shares representing 28.39% of the Company's issued share capital.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1      Details of person discharging managerial responsibilities/person 
         closely associated 
 a)     Name                                 1010 PRINTING LIMITED 
       -----------------------------------  ------------------------------------------ 
 2      Reason for the notification 
       ------------------------------------------------------------------------------- 
 a)     Position/status                      PERSON CLOSELY ASSOCIATED WITH A PDMR 
       -----------------------------------  ------------------------------------------ 
 b)     Initial notification/Amendment       INITIAL NOTIFICATION 
       -----------------------------------  ------------------------------------------ 
 3      Details of the issuer, emissions, allowance market participant, 
         auction platorm, auctioneer or auction monitor 
       ------------------------------------------------------------------------------- 
 a)     Name                                 THE QUARTO GROUP, INC. 
       -----------------------------------  ------------------------------------------ 
 b)     LEI                                  549300BJ2WPX3QUATW58 
       -----------------------------------  ------------------------------------------ 
 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                   SHARES OF COMMON STOCK OF US$0.10 EACH 
         financial instrument,                ("SHARES") 
         type of intrument 
        Identification Code                  US74772E1001 
       -----------------------------------  ------------------------------------------ 
 b)     Nature of the transaction            ACQUISITION OF SHARES 
       -----------------------------------  ------------------------------------------ 
 c)     Price(s) and volume(s)               Price(s)                     Volumes(s) 
    71 PENCE PER SHARE                                                    200,000 
  ---------------------------------------------------------------------  ------------- 
 d)     Aggregated information               N/A 
  - aggregated volume 
  - price 
 ----------------------------------------------------------------  ------------------- 
 e)     Date of transaction                  30 NOVEMBER 2018 
       -----------------------------------  ------------------------------------------ 
 f)     Place of transaction                 LONDON STOCK EXCHANGE (XLON) 
       -----------------------------------  ------------------------------------------ 
 (1) Commission Delegated Regulation (EU) 2016/522 of 17 December 
  2015 supplementing Regulation (EU) No. 596/2014 of the European 
  Parliament and of the Council as retards an exemption for certain 
  third countries public bodies and central banks, the indicators 
  of market manipulation, the disclosure thresholds, the competent 
  authority for notification of delays, the permission for trading 
  during closed periods and types of notifiable managers' transactions 
  (see page 1 of this Official Journal). 
 

Ends

For further information please contact:

   Quarto                                                                                020 7700 6700 
 
 Michael Mousley 
  Natacha Jedzinska 
 

About The Quarto Group:

The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products for global distribution, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and stimulating.

The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.

Quarto sells its products globally in over 50 countries and 40 languages, through a variety of sales channels and partnerships, and five main routes to market - US, UK, International English Language, Foreign Language and other Partnerships.

Quarto employs c.350 talented people in the US, UK, Hong Kong and Australia. The Group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.

For more information, visit quarto.com, quartoknows.com or follow us on Twitter at @TheQuartoGroup.

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December 06, 2018 08:28 ET (13:28 GMT)