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12 Dec 2018 08:10
AJ Bell plc
("AJ Bell", the "Company" or the "Group")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
AJ Bell, one of the UK's largest investment platforms, today announces dealings in the Company's Ordinary Shares by certain directors of the Board (the "Directors") and senior managers (the "Senior Managers") of the Company (the "Transactions"). The Transactions took place as part of the Company's Initial Public Offer announced on 7 December 2018. Full disclosure of the Transactions can be found below.
Following the Transactions, each of the Directors and Senior Managers own the following Ordinary Shares in the Company.
| Shareholding following the Transactions | |
| Ordinary Shares | % of the Company's Issued Share Capital |
Directors |
|
|
Les Platts | 669,935(1) | 0.2% |
Andy Bell | 103,734,970(2) | 25.5% |
Michael Summersgill | 2,290,109(3) | 0.6% |
Laura Carstensen | 104,090 | 0.03% |
Eamonn Flanagan | 166,590(4) | 0.04% |
Simon Turner | 328,581 | 0.1% |
|
|
|
Senior Managers |
|
|
Charles Galbraith | 3,408,477(5) | 0.8% |
Fergus Lyons | 19,911,242(6) | 4.9% |
Louis Petherick | 313,025 | 0.1% |
Bruce Robinson | 555,544(7) | 0.1% |
Roger Stott | 862,396(8) | 0.2% |
Notes:
(1) All shares shown are held on trust for Les Platt's wife, Elisabeth Anne Platts.
(2) Andy Bell's shareholding comprises: 81,397,868 Ordinary Shares held by Andy Bell, of which 4,704,000 Ordinary Shares are held on trust for his wife, Tracey Bell; 257,102 Ordinary Shares held by the A J Bell Trust, a charitable trust of which Andy Bell is a director of the professional trustee company; 2,880,000 Ordinary Shares held by Blythe Family Trust, a discretionary trust of which Andy Bell and his wife Tracey Bell are both settlors and trustees; and 19,200,000 Ordinary Shares held by Blythe Investments, a company controlled by Andy Bell and his wife Tracey Bell. Andy Bell's shareholding shown excludes 31,250 Ordinary Shares owned by Andy Bell's wife, Tracey Bell, and excludes 62,500 Ordinary Shares owned by Andy Bell's children.
(3) 731,272 Ordinary Shares are held on trust for Michael Summersgill's wife, Lucy Summersgill.
(4) All shares shown are held on trust for Eamonn Flanagan's wife, Marion Flanagan.
(5) 1,937,054 Ordinary Shares are held on trust for Charles Galbraith's wife, Bridget Galbraith. Charles Galbraith's shareholding shown excludes 37,500 Ordinary Shares owned by Charles Galbraith's children.
(6) Fergus Lyons' shareholding comprises: 12,807,250 Ordinary Shares are held by Fergus Lyons, of which 288,000 Ordinary Shares are held on trust for his children, and 7,103,992 Ordinary Shares are held by Bestfield Investments, a company, owned and controlled by Fergus Lyons and his wife Caroline Anne Lyons. Fergus Lyons' shareholding shown excludes 125,000 Ordinary Shares owned by Fergus Lyons' children.
(7) 120,638 Ordinary Shares are held on trust for Bruce Robinson's wife, Diana Robinson. Bruce Robinson's shareholding shown excludes 4,062 Ordinary Shares owned by Bruce Robinson's wife, Diana Robinson, and excludes 5,624 Ordinary Shares owned by his child, Sabine Robinson.
(8) All shares shown are held on trust for Roger Stott's wife, Julie Stott. In the Company's Pricing Statement dated 7 December 2018, Roger Stott's shareholding post Admission is shown as 874,896 Ordinary Shares. The figure of 874,896 Ordinary Shares includes 12,500 Ordinary Shares acquired by Roger Stott's wife, Julie Stott, in the Company's Qualifying Offer.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
ENQUIRIES
AJ Bell
Shaun Yates, Head of Investor Relations +44 (0) 752 223 5898
Bruce Robinson, Company Secretary +44 (0) 780 234 4859
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Les Platts | |
2 | Reason for the notification | ||
a) | Position/status | Chairman | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | a) Sale of Ordinary Shares b) Purchase of Ordinary Shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
a) 160p b) 160p | a) 67,493 b) 62,500 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | a) £107,988.80 b) £100,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Andy Bell | |
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 | AJ Bell plc | |
b) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | c) Sale of Ordinary Shares - Andy Bell d) Purchase of Ordinary Shares - Andy Bell e) Purchase of Ordinary Shares - A J Bell Trust f) Purchase of Ordinary Shares - Tracey Bell g) Purchase of Ordinary Shares - Andy Bell's children | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
c) 160p d) 160p e) 160p f) 160p g) 160p | c) 11,339,256 d) 31,250 e) 118,750 f) 31,250 g) 62,500 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | c) £18,142,809.60 d) £50,000.00 e) £190,000.00 f) £50,000.00 g) £100,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Michael Summersgill | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | h) Sale of Ordinary Shares
| |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
h) 160p
| h) 436,211 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | h) £697,937.60 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Laura Carstensen | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | i) Sale of Ordinary Shares
| |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
i) 160p
| i) 11,566 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | i) £18,505.60 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Eamonn Flanagan | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | j) Sale of Ordinary Shares k) Purchase of Ordinary Shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
j) 160p k) 160p | j) 11,566 k) 62,500 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | j) £18,505.60 k) £100,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Simon Turner | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | l) Sale of Ordinary Shares m) Purchase of Ordinary Shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
l) 160p m) 160p | l) 33,037 m) 31,250 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | l) £52,859.20 m) £50,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Charles Galbraith | |
2 | Reason for the notification | ||
a) | Position/status | Managing Director, AJ Bell Youinvest | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | n) Sale of Ordinary Shares o) Purchase of Ordinary Shares - Charles Galbraith p) Purchase of Ordinary Shares - Charles Galbraith's children | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
n) 160p o) 160p p) 160p | n) 366,914 o) 106,250 p) 37,500 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | n) £587,062.40 o) £170,000.00 p) £60,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Fergus Lyons | |
2 | Reason for the notification | ||
a) | Position/status | Managing Director, AJ Bell Investcentre | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | q) Sale of Ordinary Shares - Fergus Lyons r) Sale of Ordinary Shares - Bestfield Investments s) Purchase of Ordinary Shares - Fergus Lyons' children | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
q) 160p r) 160p s) 160p | q) 2,591,812 r) 576,000 s) 125,000 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | q) £4,146,899.20 r) £921,600.00 s) £200,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
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 | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | t) Sale of Ordinary Shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
t) 160p
| t) 34,781
| ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | t) £55,649.60
| |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Bruce Robinson | |
2 | Reason for the notification | ||
a) | Position/status | Group Legal Services Director & Company Secretary | |
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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | u) Sale of Ordinary Shares v) Purchase of Ordinary Shares - Bruce Robinson w) Purchase of Ordinary Shares - Diana Lee Robinson x) Purchase of Ordinary Shares - Sabine Alice Robinson | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
u) 160p v) 160p w) 160p x) 160p | u) 59,887 v) 16,562 w) 4,062 x) 5,624 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | u) £95,819.20 v) £26,499.20 w) £6,499.20 x) £8,998.40 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Roger Stott | |
2 | Reason for the notification | ||
a) | Position/status | Group 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 | AJ Bell plc | |
b) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.000125 each
GB00BFZNLB60 | |
b) | Nature of the transaction | y) Sale of Ordinary Shares z) Purchase of Ordinary Shares - Roger Stott aa) Purchase of Ordinary Shares - Julie Stott | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
y) 160p z) 160p aa) 160p | y) 91,655 z) 37,500 aa) 12,500 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | y) £146,648.00 z) £80,000.00 aa) £20,000.00 | |
f) | Date of the transaction | 7 December 2018 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
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