Last checked at 21 Mar 2019 17:00
AJ Bell plc (Company)
Director/PDMR Transaction - Initial Notification
The Company announces that it was notified on 19 March 2019, that Simon Turner a director/person discharging managerial responsibility (PDMR) in the Company has:
a) sold 12,279 ordinary shares of £0.000125 each (Ordinary Shares) in the Company at a price of £3.014 each and that the same aggregate number of 12,279 Ordinary Shares have then been purchased by two of his adult children, neither of whom are a person closely associated (PCA), in Individual Savings Accounts in the names of Francesca Katherine Turner and Jamie Paul Turner respectively and a Lifetime Individual Savings Account in the name of Jamie Paul Turner. The sale and purchases all took place on 18 March 2019;
b) transferred by way of gift 6,682 Ordinary Shares to his adult child, Mark Stephen Turner, who is not PCA. The transfer took place on 18 March 2019;
c) transferred by way of gift 478 Ordinary Shares to his adult child, Jamie Paul Turner, who is not a PCA. The transfer took place on 18 March 2019.
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 one year in respect of 100% of their shareholdings at Admission (as defined in the Prospectus) and a further one year in respect of 50% of such shareholdings. Notwithstanding the transaction, the Ordinary Shares remain subject to the terms of such lock up arrangements.
Following the above transactions, the number of shares in which Simon Turner has an interest has reduced to 316,302 (representing approximately 0.07% of the Company's total issued share capital).
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 | Simon Turner | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director/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
|
12,279
GBP 3.014
| ||||
e)
| Date of the transaction | 18 March 2019 | ||||
f)
| Place of the transaction
| 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 | |||||||
a)
| Name | Simon Turner | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Non-Executive Director/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
| Transfers of Ordinary Shares by way of gift to adult children: (i) Mark Stephen Turner (6,682 Ordinary Shares); and
(ii) Jamie Paul Turner (478 Ordinary Shares). | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d) | Aggregated information
· Aggregated volume
· Price
|
7,160
GBP 0
| ||||||
e)
| Date of the transaction | 18 March 2019 | ||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||
Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)
Date of notification: 21 March 2019