Venture Life Group PLC Director/PDMR Shareholding (0830L)

TIDMVLG

RNS Number : 0830L

Venture Life Group PLC

17 April 2018

Venture Life Group plc

("Venture Life" or "the Company")

Director/PDMR Shareholding

Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the self-care market announces that, on 16 April 2018, Gianluca Braguti, a Director of the Company, transferred a total of 2.3 million ordinary shares of 0.3p each in the Company for nil consideration, subject to the terms of a lock-in deed as described below, to his two sons and his former wife (the 'Locked-in Parties'). Following the transaction, Gianluca Braguti's beneficial interest is 4,785,459 ordinary shares representing 13.0 per cent. of the Company's issued share capital.

The Locked-in Parties have agreed not to dispose of their holdings in the Company (the 'Locked-in Shares') for a period of 24 months commencing on the date when the relevant ordinary shares are registered in the name of a Locked-in Party (the 'Lock-in Period'). In addition, the Locked-in Parties have agreed to an orderly market arrangement whereby, following expiry of the Lock-in Period for as long as Gianluca Braguti is a Director of the Company, they will only dispose of their Locked-in Shares via the Company's broker. The Locked-In Parties have also agreed that, for as long as Gianluca Braguti is a Director of the Company, all voting rights attached to their Locked-in Shares will be exercised as directed by him.

Enquiries

 
                                                                          [phone] 
 Venture Life Group PLC                                                                004 
 Jerry Randall, Chief Executive Officer 
 Adrian Crockett, Chief Financial Officer 
 Northland Capital Partners Limited (Nominated                             [phone] 
  Adviser and Joint Broker)                                                           6625 
 Matthew Johnson/Edward Hutton (Corporate Finance) 
 Bob Pountney (Corporate Broking) 
 
                                                                           [phone] 
 Turner Pope Investments (TPI) Ltd (Joint Broker)                                     4120 
 Andy Thacker 
 
 Walbrook PR                                             [e-mail] or +44 
                                                                          (0) 20 7933 8780 
 Paul McManus/Anna Dunphy                              [phone] / +44 (0) 7876 
                                                                                   741 001 
 
 

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                        Gianluca Braguti 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Director 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Venture Life Group plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                          213800S8CZUPLAB2KC70 
     --------------------------  ---------------------------------------- 
 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 the          Ordinary Shares of 0.3p each in Venture 
       financial instrument,       Life Group plc 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00BFPM8908 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Disposal 
     --------------------------  ---------------------------------------- 
 d)   Price and volumes           Price: nil consideration 
                                   Volumes: 2.3 million Ordinary Shares 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information       N/a 
       - Aggregated volume 
       - Price 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     16 April 2018 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 17, 2018 02:01 ET (06:01 GMT)