Van Elle Holdings PLC Director/PDMR Shareholding (3059O)

TIDMVANL

RNS Number : 3059O

Van Elle Holdings PLC

16 May 2018

 
For immediate release  16 May 2018 
 

Van Elle Holdings plc

('Van Elle', the 'Group' or the 'Company')

Director Shareholding

Van Elle Holdings plc (AIM:VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, announces that Jon Fenton (CEO) has today sold 5,614,165 ordinary shares of two pence each in the Company, representing approximately 7.02% of the issued share capital. Following the trade, Jon Fenton no longer holds any ordinary shares in the Company. As announced on 3 May 2018, Jon is stepping down from the Board on 18 May 2018 as part of the Group's CEO succession process.

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               Jon Fenton 
---  -----------------  ---------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position/status         Chief Executive Officer 
---  -----------------  ---------------------------------------- 
 b)   Initial            Initial notification 
       notification 
       /Amendment 
---  -----------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name               Van Elle Holdings plc 
---  -----------------  ---------------------------------------- 
 b)   LEI                213800LQC6YL8KJT1Y18 
---  -----------------  ---------------------------------------- 
 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        Ordinary Shares of GBP0.02 each 
       of the 
       financial 
       instrument,        ISIN: GB00BYX4TP46 
       type of 
       instrument 
       Identification 
       code 
---  -----------------  ---------------------------------------- 
 b)   Nature             Sale of ordinary shares 
       of the 
       transaction 
---  -----------------  ---------------------------------------- 
 c)   Price(s)             Price  Shareholder     No. of shares 
       and volume(s)       ------  -------------  -------------- 
                            85p       Jon Fenton   5,614,165 
                           ------  -------------  -------------- 
---  -----------------  ---------------------------------------- 
 d)   Aggregated 
       information         Volume: 5,614,165 
       - Aggregated        Weighted average price: 85p 
       volume 
       - Price 
---  -----------------  ---------------------------------------- 
 e)   Date of            16 May 2018 
       the transaction 
---  -----------------  ---------------------------------------- 
 f)   Place of           London Stock Exchange, AIM 
       the transaction 
---  -----------------  ---------------------------------------- 
 

- Ends -

For further information:

 
Van Elle Holdings plc 
                                                     Tel: [phone] 
                                                                       516 
Adrian Barden, Non-Executive                        www.watkinjonesplc.com 
 Chairman 
 
 
Peel Hunt LLP (Nominated Advisor & Joint Broker)           Tel: +44 (0) 20 
                                                                 7418 8900 
Mike Bell / Justin Jones                                  www.peelhunt.com 
 
 
 

Notes to Editors

Van Elle Holdings plc (AIM:VANL) is a geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 16, 2018 08:09 ET (12:09 GMT)