Scapa Group PLC Director/PDMR Shareholding (1471K)

TIDMSCPA

RNS Number : 1471K

Scapa Group PLC

11 December 2018

11 December 2018

LEI No. 213800QIPVTK5ES5UU36

SCAPA GROUP PLC

('the Company')

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMR') and persons closely associated with them ('PCA')

Scapa Group plc (AIM: SCPA) announces that it has issued 11,320 ordinary 5p shares in the capital of the Company ("Ordinary Shares"), of which 5,660 Ordinary Shares have been allotted to Mr Heejae Richard Chae following the exercise of his options under the Scapa Group plc Savings Related Share Option Plan 2011, at an option price paid of 159 pence per Ordinary Share. The shares have been admitted to trading on AIM. The Company's issued share capital is now 154,434,229. There are no Ordinary Shares held in treasury and accordingly, the number of Ordinary Shares with voting rights is 154,434,229. 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 Guidance and Transparency Rules.

Mr Chae's holding in the Company following the exercise is as follows:-

 
 Director          No. of Ordinary     No. of Ordinary       No. of Ordinary        Percentage of 
                       Shares held    Shares Exercised           Shares held         Issued Share 
                             prior                        following Exercise    Capital following 
                       to Exercise                                                       Exercise 
 Heejae Richard 
  Chae                   1,124,734               5,660             1,130,394                0.73% 
                  ----------------  ------------------  --------------------  ------------------- 
 

The notification set out in the Annex below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such exercise and sale.

ANNEX

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                   Heejae Richard Chae 
     -------------------------------------  ------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position / status                      Chief Executive Officer 
     -------------------------------------  ------------------------------- 
 b)   Initial notification / amendment       Initial notification 
     -------------------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                                   Scapa Group plc 
     -------------------------------------  ------------------------------- 
 b)   LEI                                    213800QIPVTK5ES5UU36 
     -------------------------------------  ------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; (iv) each place where transactions have been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of financial instrument,   Ordinary Shares of 5p each 
       type of instrument 
     -------------------------------------  ------------------------------- 
      Identification Code                    GB0007281198 
     -------------------------------------  ------------------------------- 
 b)   Nature of the transactions             Exercise of share option 
     -------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)                 5,660 shares at 159p per share 
     -------------------------------------  ------------------------------- 
 d)        Aggregated information                        n/a 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------------  ------------------------------- 
 e)   Date of the transactions               11 December 2018 
     -------------------------------------  ------------------------------- 
 f)   Place of the transactions              London Stock Exchange, AIM 
     -------------------------------------  ------------------------------- 
 

For further information:

Scapa Group plc:

Wendy Baker [phone]

Company Secretary

Numis Securities Limited: [phone]

Mark Lander/ Richard Thomas

(Joint Broker/Nominated Adviser)

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END

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December 11, 2018 09:52 ET (14:52 GMT)