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24 Nov 2020 07:00
24 November 2020
Accrol Group Holdings plc
(the "Company")
AIM: ACRL
PDMR Dealing
Following the announcement made by the Company on 23 November 2020 titled "Admission of Shares & TVR", Accrol Group Holdings plc, a leading independent tissue converter in the UK, announces that the following Admission, the below PDMR dealings have occurred.
As a result of the Option Exercise, participation in the Open Offer by certain PDMRs and the Secondary Placing, the number of Option Shares issued to each of the PDMRs listed below and sold by certain of them pursuant to the Secondary Placing (predominantly to meet the costs of, and personal tax liabilities arising on, the Option Exercise), the number of Open Offer Shares subscribed for under the Open Offer, together with their resulting holdings are as follows:
PDMR | Number of Ordinary Shares held pre Option Exercise | Number of Option Shares held post Option Exercise | Number of Open Offer Shares acquired | Number of Secondary Placing Shares sold | Shareholding post Option Exercise and Secondary Placing | % of issued share capital held following Admission |
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Dan Wright* | 4,077,808 | 5,700,738 | 194,180 | - | 9,972,726 | 3.20% |
Gareth Jenkins | 610,000 | 9,396,544 | 29,524 | 4,437,436 | 5,598,632 | 1.80% |
Mark Dewhurst | 65,648 | 2,750,944 | - | 1,326,617 | 1,489,975 | 0.48% |
Graham Cox | - | 1,295,990 | - | 612,020 | 683,970 | 0.22% |
John Pilkington | - | 83,213 | - | 39,298 | 43,915 | 0.01% |
* 8,244,155 of these shares are (or will be) registered in the name of Gomrath Limited, a family investment company controlled by Dan Wright.
Further details of the PDMR dealings are included below.
The capitalised terms used in this announcement have the same meanings as in the announcement dated 23 November 2020 titled "Admission of Shares & TVR", unless otherwise stated.
For further information, please contact: |
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Accrol Group Holdings plc |
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Dan Wright, Executive Chairman | Via Belvedere Communications |
Gareth Jenkins, Chief Executive Officer |
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Zeus Capital Limited (Nominated Adviser & Broker) |
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Dan Bate / Jordan Warburton | Tel: +44 (0) 161 831 1512 |
Dominic King / John Goold | Tel: +44 (0) 203 829 5000 |
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Liberum Capital Limited (Joint Broker) | Tel: +44 (0) 20 3100 2222 |
Clayton Bush / Edward Thomas |
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Belvedere Communications Limited |
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Cat Valentine | Tel: +44 (0) 7715 769 078 |
Keeley Clarke | Tel: +44 (0) 7967 816 525 |
Llew Angus | Tel: +44 (0) 7407 023 147 |
| accrolpr@belvederepr.com |
Notes to Editors
Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. The business operates from four sites in Lancashire:
· | A manufacturing, storage, and distribution facility in Blackburn; |
· | A storage and administrative centre in Blackburn; |
· | A facial tissue plant, also in Blackburn; and |
· | A manufacturing, storage, and distribution facility in Leyland. |
For more information, please visit www.accrol.com.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Dan Wright |
2 | Reason for the notification | |
a) | Position/status | Executive Chairman |
b)
| Initial notification /Amendment | Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Accrol Group Holdings plc |
b) | LEI | 213800MC56M5G69RJ226 |
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 financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
ISIN: GB00BZ6VT592 |
b) | Nature of the transaction | a) Exercise of options b) Transfer of shares c) Purchase of Ordinary Shares (under the Open Offer) |
c) | Price(s) and volume(s) | a) Volume: 5,700,738Price : £0.001 b) Volume: 5,700,738Price : £0.001 c) Volume: 194,180Price : £0.44 |
d) | Aggregated information - Aggregated volume - Price |
a) Price : £0.001Volume: 5,700,738 b) Price : £0.001Volume: 5,700,738 c) Price : £0.44Volume: 194,180 |
e) | Date of the transaction | a) 23 November 2020 b) 23 November 2020 c) 23 November 2020 |
f) | Place of the transaction | a) London Stock Exchange, AIM b) Off market transaction c) London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Gareth Jenkins |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer |
b)
| Initial notification /Amendment | Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Accrol Group Holdings plc |
b) | LEI | 213800MC56M5G69RJ226 |
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 financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
ISIN: GB00BZ6VT592 |
b) | Nature of the transaction | a) Exercise of options b) Sale of shares c) Purchase of Ordinary Shares (under the Open Offer) |
c) | Price(s) and volume(s) | a) Price: £0.001Volume: 9,396,544 b) Price: £0.44 Volume: 4,437,436 c) Price: £0.44 Volume: 29,524 |
d) | Aggregated information - Aggregated volume - Price | a) Price: £0.001Volume: 9,396,544 b) Price: £0.44 Volume: 4,437,436 c) Price: £0.44 Volume: 29,524 |
e) | Date of the transaction | a) 23 November 2020 b) 23 November 2020 c) 23 November 2020 |
f) | Place of the transaction | a) London Stock Exchange, AIM b) London Stock Exchange, AIM c) London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Mark Dewhurst |
2 | Reason for the notification | |
a) | Position/status | Chief Operating Officer |
b)
| Initial notification /Amendment | Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Accrol Group Holdings plc |
b) | LEI | 213800MC56M5G69RJ226 |
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 financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
ISIN: GB00BZ6VT592 |
b) | Nature of the transaction | a) Exercise of options b) Sale of shares |
c) | Price(s) and volume(s) | a) Price: £0.001Volume: 2,750,944 b) Price: £0.44 Volume: 1,326,617 |
d) | Aggregated information - Aggregated volume - Price | a) Price: £0.001Volume: 2,750,944 b) Price: £0.44 Volume: 1,326,617 |
e) | Date of the transaction | a) 23 November 2020 b) 23 November 2020 |
f) | Place of the transaction | a) London Stock Exchange, AIM b) London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Graham Cox |
2 | Reason for the notification | |
a) | Position/status | Commercial Director |
b)
| Initial notification /Amendment | Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Accrol Group Holdings plc |
b) | LEI | 213800MC56M5G69RJ226 |
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 financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
ISIN: GB00BZ6VT592 |
b) | Nature of the transaction | a) Exercise of options b) Sale of shares |
c) | Price(s) and volume(s) | a) Price: £0.001Volume: 1,295,990 b) Price: £0.44 Volume: 612,020 |
d) | Aggregated information - Aggregated volume - Price | a) Price: £0.001Volume: 1,295,990 b) Price: £0.44 Volume: 612,020 |
e) | Date of the transaction | a) 23 November 2020 b) 23 November 2020 |
f) | Place of the transaction | a) London Stock Exchange, AIM b) London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | John Pilkington |
2 | Reason for the notification | |
a) | Position/status | Finance Director |
b)
| Initial notification /Amendment | Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Accrol Group Holdings plc |
b) | LEI | 213800MC56M5G69RJ226 |
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 financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each
ISIN: GB00BZ6VT592 |
b) | Nature of the transaction | a) Exercise of options b) Sale of shares |
c) | Price(s) and volume(s) | a) Price: £0.001Volume: 83,213 b) Price: £0.44 Volume: 39,298 |
d) | Aggregated information - Aggregated volume - Price | a) Price: £0.001Volume: 83,213 b) Price: £0.44 Volume: 39,298 |
e) | Date of the transaction | a) 23 November 2020 b) 23 November 2020 |
f) | Place of the transaction | a) London Stock Exchange, AIM b) London Stock Exchange, AIM |
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