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Share Name Share Symbol Market Type Share ISIN Share Description
Slingsby (h.c.) Plc LSE:SLNG London Ordinary Share GB0008138009 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 250.00 200.00 300.00 250.00 250.00 250.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 19.6 2.9 233.5 1.1 3

Slingsby(H.C.)Plc Issue of Shares in Lieu of Bonus

02/07/2020 7:00am

UK Regulatory (RNS & others)


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RNS Number : 7742R

Slingsby(H.C.)Plc

02 July 2020

2 July 2020

H C SLINGSBY PLC

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

Issue of Shares in Lieu of Bonus

HC Slingsby PLC, one of the market leaders in the distribution of industrial and commercial equipment, is pleased to announce that a discretionary bonus of GBP36,250 has been awarded to Morgan Morris, Group Chief Executive, for his continued service to the Company. The bonus is to be satisfied by the issuance of 50,000 new ordinary shares of 25 pence each in the Company ("New Ordinary Shares") at a price of 72.5 pence per share, being the closing current mid-market price on 1 July 2020.

Admission to AIM

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will occur, and dealings will commence in the New Ordinary Shares at 8.00 a.m. on, or around, 8 July 2020.

Related Party Transaction

Morgan Morris is the Chief Executive Officer and a Director of Slingsby and, therefore, the transaction is treated as a related party transaction under the AIM rules. The Independent Director, Dominic Slingsby, having consulted with Allenby Capital Limited, the Company's Nominated Adviser, considers that the terms of the issue of the New Ordinary Shares are fair and reasonable insofar as the shareholders of Slingsby are concerned.

Total voting rights

Following Admission, the Company will have 1,050,000 ordinary shares of 25 pence each in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of ordinary shares and voting rights will be 1,050,000.

This figure may be used by shareholders from Admission 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.

For further information, please contact:

 
 H C Slingsby PLC                               Tel: 01274 
                                                 535 030 
 Dominic Slingsby, Interim Executive Chairman 
  and Operations Director 
 Morgan Morris, Group Chief Executive 
 Allenby Capital Limited                        Tel: 020 3328 
                                                 5656 
 David Worlidge / Nicholas Chambers 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ---------------------------------------------------------------------------- 
 a)   Name                                     Morgan Morris 
     ---------------------------------------  ----------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                          Chief Executive Officer 
     ---------------------------------------  ----------------------------------- 
 b)   Initial notification                     Initial Notification 
       /Amendment 
     ---------------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                     H C Slingsby plc 
     ---------------------------------------  ----------------------------------- 
 b)   LEI                                      2138004NA2QBB4KXV279 
     ---------------------------------------  ----------------------------------- 
 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 25 pence each 
       financial instrument,                    in H C Slingsby plc 
       type of instrument 
 
       Identification code                      GB0008138009 
     ---------------------------------------  ----------------------------------- 
 b)   Nature of the transactions               Subscription of ordinary shares 
     ---------------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)                   Price(s)          Volume(s) 
 
                                                72.5p             50,000 
     ---------------------------------------  ----------------  ----------------- 
 d)   Aggregated information 
       - Aggregated volume                       N/A 
       - Price 
       - Principal amount 
     ---------------------------------------  ----------------------------------- 
 e)   Dates of the transaction                 1 July 2020 
 
 f)   Place of transaction                     Outside a trading venue 
     ---------------------------------------  ----------------------------------- 
 

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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July 02, 2020 02:00 ET (06:00 GMT)

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