Last checked at 24 Jun 2020 13:12
AJ Bell plc (Company)
Director/PDMR/PCA Transaction - Initial Notification
The Company announces that it has been notified that:
a) Louis Petherick, a person discharging managerial responsibility (PDMR) in the Company, has transferred by way of gift 50,890 ordinary shares of £0.000125 each (Ordinary Shares) in the Company to Laura Petherick, a person closely associated (PCA) with him. The transfer took place on 22 June 2020.
b) Laura Petherick has:
(i) in order to effect a "Bed and ISA" transaction, sold 5,188 Ordinary Shares at a price of £3.835 per Ordinary Share and then repurchased, into her Individual Savings Account (ISA), the same number of 5,188 Ordinary Shares at a price of £3.835 per Ordinary Share; and
(ii) in order to effect "Bed and Junior ISA" transactions in favour of her children, both of whom are a PCA with Louis Petherick, sold 4,702 Ordinary Shares at a price of £3.83 per Ordinary Share; and
c) Louis Petherick, in order to effect to those "Bed and Junior ISA" transactions in favour of his children, has purchased, into:
(i) a Junior Individual Savings Account (Junior ISA), in the name of his son, William Richard Petherick, 2,351 Ordinary Shares at a price of £3.8301 per Ordinary Share; and
(ii) a Junior ISA in the name of his son, Samuel Casper Petherick, 2,351 Ordinary Shares at a price of £3.8301 per Ordinary Share.
The transactions at b) and c) above all took place on 23 June 2020.
The transactions were entered into in accordance with exceptions from the lock up arrangements applicable to Management Selling Shareholders (as defined in the prospectus published in relation to the initial public offering of the Company's shares on 27 November 2018 (Prospectus), as described in paragraph 10 of Part 7 (Details of the Offer) of the Prospectus, of two years in respect of 50% of their shareholdings at Admission (as defined in the Prospectus). Notwithstanding the transactions, the Ordinary Shares remain subject to the terms of such lock up arrangements.
Following the transactions, there has been no change in the number of shares in which Louis Petherick has an interest.
This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.
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 | Louis Petherick | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Risk Officer/PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | AJ Bell plc | ||||
b)
| LEI
| 213800VNKA7DPWXWJJ36 | ||||
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 | Ordinary shares of £0.000125 each | ||||
Identification code
| GB00BFZNLB60
| |||||
b)
| Nature of the transaction
| Transfer of Shares to spouse/PCA by way of gift | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price
|
Not applicable
| ||||
e)
| Date of the transaction | 22 June 2020 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
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 | Laura Helen Petherick | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Louis Petherick, Chief Risk Officer/PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | AJ Bell plc | ||||
b)
| LEI
| 213800VNKA7DPWXWJJ36 | ||||
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 | Ordinary shares of £0.000125 each | ||||
Identification code
| GB00BFZNLB60
| |||||
b)
| Nature of the transaction
| Receipt of Ordinary Shares from spouse/PDMR by way of gift | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price
|
Not applicable
| ||||
e)
| Date of the transaction | 22 June 2020 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
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 | Laura Helen Petherick | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Louis Petherick, Chief Risk Officer/PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | AJ Bell plc | ||||
b)
| LEI
| 213800VNKA7DPWXWJJ36 | ||||
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 | Ordinary shares of £0.000125 each | ||||
Identification code
| GB00BFZNLB60
| |||||
b)
| Nature of the transaction
| Sale of Ordinary Shares. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information
· Aggregated volume
· Price
|
Not applicable
| ||||
e)
| Date of the transaction | 23 June 2020 | ||||
f)
| Place of the transactions
| London Stock Exchange | ||||
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 | Laura Helen Petherick | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Louis Petherick, Chief Risk Officer/PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | AJ Bell plc | ||||
b)
| LEI
| 213800VNKA7DPWXWJJ36 | ||||
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 | Ordinary shares of £0.000125 each | ||||
Identification code
| GB00BFZNLB60
| |||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares via Laura Helen Petherick ISA. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information
· Aggregated volume
· Price
|
Not applicable
| ||||
e)
| Date of the transaction | 23 June 2020 | ||||
f)
| Place of the transactions
| London Stock Exchange | ||||
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 | Louis Petherick | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chief Risk Officer/PDMR | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name | AJ Bell plc | ||||||
b)
| LEI
| 213800VNKA7DPWXWJJ36 | ||||||
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 | Ordinary shares of £0.000125 each | ||||||
Identification code
| GB00BFZNLB60
| |||||||
b)
| Nature of the transaction
| Purchase of: (i) Ordinary Shares via William Richard Petherick Junior ISA; and
(ii) Ordinary Shares via Samuel Casper Petherick Junior ISA. | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d) | Aggregated information
· Aggregated volume
· Price
|
4,702
GBP 18,009.1302
| ||||||
e)
| Date of the transaction | 23 June 2020 | ||||||
f)
| Place of the transactions
| London Stock Exchange | ||||||
Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)
Date of notification: 24 June 2020