Director/PDMR Shareholding (0565V)

TIDMSTT

RNS Number : 0565V

Straight PLC

05 January 2012

 
 Date:           5 January 2012 
 On behalf of:   Straight plc ("Straight" or "the Group") 
 For immediate release 
 

Straight plc

Director/PDMR Shareholding

The Group has today been informed that the following Directors in the Company have purchased ordinary shares of 1 pence, at a price of 29.0 pence per share:

 
 Name                 No. of shares   Total Shareholding 
                       purchased       post transaction 
 Colin Glass          10,000          82,500 (0.69%) 
 James Newman         25,000          68,250 (0.57%) 
 Jonathan Straight    25,000          4,550,500 (38.24%) 
 

For further information please contact:

 
 Straight plc 
 Jim Mellor                           0113 245 2244 
 
 Cenkos Securities 
 Ivonne Cantu (Nomad)                 0207 397 8980 
 Christian Hobart (Sales)             0207 397 8980 
 Redleaf Polhill 
 Rebecca Sanders-Hewett/Jenny Bahr    0207 566 6720 
 

Notes to Editors

-- Straight plc is the UK's leading supplier of specialist kerbside recycling containers as well as being a key supplier of a broad range of waste and recycling container solutions. Founded in 1993 by the current Chief Executive, Jonathan Straight, the business has since supplied more than 25 million kerbside boxes, baskets and caddies to local authorities across the UK, securing its position as the industry leader.

-- The business operates through two divisions. The core Trade Business supplying products in bulk to local authorities, utilities, the waste industry, retailers and other businesses and the Retail Business supplying a range of proprietary environmentally friendly consumer products directly to the public, often in partnership with a local authority or a utility.

-- In 2010 two acquisitions changed the business model, which previously relied on outsourced manufacture. In March 2010 Straight acquired the business and assets of the UK business of Helesi plc giving it a proprietary position in the wheeled bin market. This was followed in August 2010 by the acquisition of Powell Plastics, a key supplier of injection moulded products to the group. The Powell factory, in Hull, has since been developed to include a blow moulding capability.

-- In February 2009, Straight added to its portfolio with the acquisition of Harcostar Garden Products, a long established premium brand consisting of water butts, compost bins, watering cans and accessories. This gained new distribution channels for the business in the UK and in Europe.

-- In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home composters and water butts. Through the Blackwall brand, Straight has delivered more than 3.5 million compost bins and water butts.

-- The majority of the products the Group supplies are now produced in Straight's own factory.

-- Straight plc has established diverse overseas sales channels for its products, some of which are manufactured locally to their markets in North America and in Australia. Other markets are serviced from UK production.

Further information about the company and its products can be found at: www.straight.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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