Swallowfield PLC Exercise of options, PDMR deal and TVR (1062J)

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RNS Number : 1062J

Swallowfield PLC

27 March 2018

27 March 2018

Swallowfield plc

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

Exercise of options/PDMR dealing

Swallowfield plc, a market leader in the development, formulation, and supply of personal care and beauty products, including its own portfolio of brands, announces the exercise of options in aggregate over 270,141 ordinary shares of 5 pence each ("Ordinary Shares") at an exercise price of 95 pence per Ordinary Share (the "Options"). Details of the exercise of the Options are as follows:

 
 Director         Number of        Number of           Percentage 
                   share options    shares held         of the Enlarged 
                   exercised        in Swallowfield*    Share Capital* 
---------------  ---------------  ------------------  ----------------- 
 Chris How           136,457            226,434             1.32% 
---------------  ---------------  ------------------  ----------------- 
 Jane Fletcher        66,842            104,216             0.61% 
---------------  ---------------  ------------------  ----------------- 
 

* following the issue and allotment of the Options

In addition, 66,842 Options have been exercised by a former director of Swallowfield.

The Options have been exercised under the Company's 2005 Approved and Unapproved Executive Share Option Scheme and 2014 Phantom Share Option Scheme, further details of which are contained in the Group's most recent report and accounts. As announced at the time of initial grant on 8 December 2014, the Phantom Option Scheme was designed to finance the exercise of the Options so that there was no share overhang at the point that the Options were exercised.

Following the exercise of the Options there are now no longer any outstanding options under the executive share options and executive phantom share options granted in December 2014. There remain outstanding options over 64,993 Ordinary Shares pursuant to the grants announced on 18 July 2016 under the Swallowfield plc 2009 Long Term Incentive Plan representing 0.38% of the Enlarged Share Capital of the Company.

Application for admission

The Group has made an application to the London Stock Exchange for the admission to trading on AIM ("Admission") of the 270,141 new Ordinary Shares to be issued pursuant to the exercise of the Options (the "New Shares"). Admission is expected to occur at 8.00 a.m. on 5 April 2018. On Admission the New Shares will rank pari passu with the Group's existing Ordinary Shares. Following Admission the Group's share capital will comprise 17,135,542 Ordinary Shares (the "Enlarged Share Capital"). This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 
 For further information please contact: 
 Swallowfield plc 
                                                  01823 662 
 Chris How            Chief Executive Officer      241 
                                                  01823 662 
 Matthew Gazzard      Group Finance Director       241 
 
 Alex Price                                       020 7496 
  Jen Boorer          N+1 Singer                   3000 
 
 Josh Royston 
  Hilary Buchanan                                 020 8004 
  Sam Modlin          Alma PR                      4218 
 

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                       Chris How 
---  -------------------------  --------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status            CEO 
---  -------------------------  --------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  --------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------ 
 a)   Name                       Swallowfield plc 
---  -------------------------  --------------------------- 
 b)   LEI                        213800BSD8D9QEUKCE17 
---  -------------------------  --------------------------- 
 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             Ordinary Shares of 5 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  GB0008667304 
       Identification 
       code 
---  -------------------------  --------------------------- 
 b)   Nature of the              Exercise of options 
       transaction 
---  -------------------------  --------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    95 pence    136,457 
                                   ----------  ---------- 
---  -------------------------  --------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  --------------------------- 
 e)   Date of the transaction    23/3/2018 
---  -------------------------  --------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  --------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------ 
 a)   Name                       Jane Fletcher 
---  -------------------------  --------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status            Group Sales And Marketing 
                                  Director 
---  -------------------------  --------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  --------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------ 
 a)   Name                       Swallowfield plc 
---  -------------------------  --------------------------- 
 b)   LEI                        213800BSD8D9QEUKCE17 
---  -------------------------  --------------------------- 
 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             Ordinary Shares of 5 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  GB0008667304 
       Identification 
       code 
---  -------------------------  --------------------------- 
 b)   Nature of the              Exercise of options 
       transaction 
---  -------------------------  --------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    95 pence    66,842 
                                   ----------  ---------- 
---  -------------------------  --------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  --------------------------- 
 e)   Date of the transaction    23/3/2018 
---  -------------------------  --------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 27, 2018 08:14 ET (12:14 GMT)