Van Elle Holdings PLC PCA Share Purchase (6626C)

TIDMVANL

RNS Number : 6626C

Van Elle Holdings PLC

20 October 2020

Van Elle Holdings plc

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

PCA Share Purchase

Van Elle Holdings plc (AIM:VANL) announces that it has been notified that Mrs Mary Nelson, PCA of Mr Frank Nelson, Non-Executive Chairman, has purchased 38,851 ordinary shares in the Company, at an average price of 35.21 pence per share, representing 0.036% of the Company's voting share capital.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
 a.    Name                         Mrs Mary Nelson 
      ---------------------------  ------------------------------------------ 
 2.    Reason for the notification 
      ----------------------------------------------------------------------- 
 a.    Position/status              PCA of Frank Nelson, Non-Executive 
                                     Chairman 
      ---------------------------  ------------------------------------------ 
 b.    Initial notification         Initial 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 2p each 
        of the Financial 
        instrument, 
        type of instrument 
        Identification               ISIN: GB00BYX4TP46 
        code 
      ---------------------------  ------------------------------------------ 
 b.    Nature of                    Purchase of ordinary shares 
        the transaction 
      ---------------------------  ------------------------------------------ 
 c.    Price(s)                            Price(s)       Volume(s) 
        and volume(s) 
      ---------------------------  -----  -------------  ---------------  --- 
                                           34.5p          25,000 
                                            36.5p          13,851 
  --------------------------------------  -------------  ---------------  --- 
 
 d.    Aggregated 
        information 
         *    Aggregated volume       38,851 
 
                                      35.21p per share 
         *    Price 
      ---------------------------  ------------------------------------------ 
 e.    Date of the                  13 October to 16 October 2020 
        transaction 
      ---------------------------  ------------------------------------------ 
 f.    Place of                     London Stock Exchange, AIM 
        the transaction 
      ---------------------------  ------------------------------------------ 
 

Enquiries:

 
 Van Elle Holdings plc                      Via Walbrook 
 Mark Cutler, Chief Executive Officer 
 Graeme Campbell, Chief Financial Officer 
 
 Peel Hunt LLP (Nominated Adviser and       Tel: [phone] 
  corporate broker) 
 Mike Bell/Ed Allsopp 
 
 Walbrook PR Limited                        Tel: [phone] or [e-mail] 
 Tom Cooper/Nick Rome/Nicholas Johnson      07971 221 972 or 07748 325 236 
                                             or 07884 664 686 
 

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: general piling, specialist piling and ground engineering; and is focused on three end markets; residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

General piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist piling provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground engineering services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot(R). Van Elle has a market-leading reputation and the UK's largest modern rig fleet of 118 rigs.

Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.

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October 20, 2020 07:00 ET (11:00 GMT)