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3 Jan 2014 11:08
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: | 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. | SALE OF ORDINARY SHARES
|
9 | Number of shares, debentures or financial instruments relating to shares acquired | NIL |
10 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) |
|
11 | Number of shares, debentures or financial instruments relating to shares disposed.
| 137,867 ORDINARY SHARES |
12 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) | 0.01% |
13 | Price per share or value of transaction
| £1.68 IN RELATION TO THE SALE OF THE SHARES SET OUT IN 11 ABOVE |
14 | Date and place of transaction:
| 30 DECEMBER 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)
| 845,611 ORDINARY SHARES 0.08 % OF ISSUED SHARE CAPITAL |
16 | Date issuer informed of transaction:
| 2 JANUARY 2014 LONDON
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17 | Date of grant: |
|
18 | Period during which or date on which exercisable |
|
19 | Total amount paid (if any) for grant of the option:
|
|
20 | Description of shares or debentures involved (class and number)
|
|
21 | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise:
|
|
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
| THIS DISPOSAL IS IN RELATION TO SHARES WHICH PREVIOUSLY VESTED UNDER THE PERFORMANCE SHARE PLAN |
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
| 3 JANUARY 2014 |
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