Van Elle Holdings PLC PCA Share Purchase (6972W)

TIDMVANL

RNS Number : 6972W

Van Elle Holdings PLC

14 December 2023

Van Elle Holdings plc

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

14 December 2023

PCA Share Purchase

Van Elle Holdings plc (AIM: VANL) announces that it has been notified that Mrs Anne Marie Cutler, PCA of Mr Mark Cutler, Chief Executive Officer, has purchased 100,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") each at a price of 39.0 pence per share. Following this purchase, Mr Cutler and those persons closely associates with him, are interested in 952,767 Ordinary Shares, representing approximately 0.89% 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 Anne Marie Cutler 
      -----------------------------  ----------------------------------------- 
 2.    Reason for the notification 
      ------------------------------------------------------------------------ 
 a.    Position/status                PCA of Mark Cutler, 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                           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) 
      -----------------------------   ------------------  ------------------ 
                                       39.0p               100,000 
  ----------------------------------  ------------------  ------------------ 
 
 d.    Aggregated                      N/A 
        information 
         *    Aggregated volume 
 
 
         *    Price 
      -----------------------------  ----------------------------------------- 
 e.    Date of the                    13 December 2023 
        transaction 
      -----------------------------  ----------------------------------------- 
 f.    Place of                       London Stock Exchange, AIM 
        the transaction 
      -----------------------------  ----------------------------------------- 
 

For further information, please contact:

 
 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) 
  Ed Allsopp / Ben Harrington 
 
 Walbrook PR Limited                         Tel: [phone] 
                                              or [e-mail] 
 Tom Cooper / Nick Rome                      07971 221 972 or 07748 
                                              325 236 
 

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a wide 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 Rail, and Ground Engineering Services; and is focused on diverse end markets including residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

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December 14, 2023 02:00 ET (07:00 GMT)