Sign In
7 Nov 2013 15:41
NOTIFICATION BY COMPANY TO RIS OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
1 | Name of the issuer | AFREN PLC |
2 | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance with paragraph 26 of the Model Code:
| A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R, |
3 | Name of person discharging managerial responsibilities/director: | MR. GALIB VIRANI |
4 | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person: | N/A |
5 | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest | IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE |
6 | Description of shares (including class), debentures or derivatives or financial instruments relating to shares: | SHARE OPTIONS TO SUBSCRIBE FOR ORDINARY SHARES OF ONE PENNY EACH HELD UNDER COMPANY SHARE OPTION SCHEME
ORDINARY SHARES OF ONE PENNY EACH |
7 | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them | MR. GALIB VIRANI |
8 | State the nature of the transaction. | EXERCISE OF SHARE OPTIONS AND SUBSEQUENT SALE OF RELEVANT ORDINARY SHARES
|
9 | Number of shares, debentures or financial instruments relating to shares acquired | 870, 000 ORDINARY SHARES OF ONE PENNY EACH (FOLLOWING THE EXERCISE OF THE SHARE OPTIONS HELD UNDER THE COMPANY SHARE OPTION SCHEME) |
10 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) | 0.08 % |
11 | Number of shares, debentures or financial instruments relating to shares disposed.
| 870,000 ORDINARY SHARES (WHICH WERE SOLD FOLLOWING THE ISSUE OF 870,000 ORDINARY SHARES AS SET OUT IN 9 ABOVE). |
12 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) | 0.08 % |
13 | Price per share or value of transaction
| 46 PENCE PER SHARE IN RELATION TO THE OPTION EXERCISE OF 270,000 ORDINARY SHARES, 46 PENCE PER SHARE IN RELATION TO THE OPTION EXERCISE OF 300,000 ORDINARY SHARES AND 23 PENCE PER SHARE IN RELATION TO THE OPTION EXERCISE OF 300,000 ORDINARY SHARES.
£1.53 IN RELATION TO THE SALE OF THE SHARES SET OUT IN 11 ABOVE |
14 | Date and place of transaction:
| 1 NOVEMBER 2013 LONDON
|
15 | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
| 983,478 ORDINARY SHARES 0.09 % OF ISSUED SHARE CAPITAL |
16 | Date issuer informed of transaction:
| 7 NOVEMBER 2013 LONDON
|
17 | Date of grant: | 5 DECEMBER 2005, 5 DECEMBER 2005 & 23 JANUARY 2009
|
18 | Period during which or date on which exercisable | EXERCISABLE FROM 5 DECEMBER 2008 (OPTIONS RELATING TO 270,000 ORDINARY SHARES)
EXERCISABLE FROM 5 DECEMBER 2009 (OPTIONS RELATING TO 300,000 ORDINARY SHARES)
EXERCISABLE FROM 23 JANUARY 2012 (OPTIONS RELATING TO 300,000 ORDINARY SHARES)
|
19 | Total amount paid (if any) for grant of the option:
| NIL |
20 | Description of shares or debentures involved (class and number)
| 870,000 ORDINARY SHARES OF ONE PENNY EACH |
21 | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise:
| 46 PENCE PER SHARE IN RELATION TO THE OPTION EXERCISE OF 270,000 ORDINARY SHARES, 46 PENCE PER SHARE IN RELATION TO THE OPTION EXERCISE OF 300,000 ORDINARY SHARES AND 23 PENCE PER SHARE IN RELATION TO THE OPTION EXERCISE OF 300,000 ORDINARY SHARES.
|
22 | Total number of shares or debentures over which options held following notification | OPTIONS OVER 1,551,667 ORDINARY SHARES HELD UNDER SHARE OPTION SCHEME.
CONDITIONAL AWARDS IN 2011 AND 2012 OF UP TO 808,515 ORDINARY SHARES HELD PURSUANT TO THE PERFORMANCE SHARE PLAN
|
23 | Any additional information
|
|
24 | Name of contact and telephone number for queries:
| ELEKWACHI UKWU
+ 44 (0) 2078 64 37 55 |
25 | Name of duly authorised officer of issuer responsible for making notification: | ELEKWACHI UKWU
|
26 | Date of notification
| 7 NOVEMBER 2013 |
Follow the stocks
