Last checked at 30 Mar 2017 17:03
30 March 2017
Arbuthnot Banking Group PLC
("Arbuthnot" or the "Company")
Director/PDMR Shareholding
Sir Henry Angest has today acquired 150,500 ordinary shares in Arbuthnot at a price of 14.332 pence per share. Following the purchase, Sir Henry Angest is interested in 8,351,401 shares representing 56.1% of the total voting rights (excluding treasury shares) in the Company.
The seller of the shares was the Arbuthnot Banking Group Employee Share Option Plan ("ESOP"). The Arbuthnot Phantom Share Option Scheme, introduced in June 2016, replaced the existing 1995 and 2006 Unapproved Share Option Schemes. The ESOP therefore no longer requires Arbuthnot shares to settle any options.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Sir Henry Angest
|
2 | Reason for the notification | |
a) | Position/status | Chairman and Chief Executive |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Arbuthnot Banking Group PLC |
b) | LEI | 213800LAWPXT3H3SNN21 |
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 1p each in Arbuthnot. ISIN: GB0007922338 |
b) | Nature of the transaction | Purchase of Ordinary Shares |
c) | Price(s) and volume(s)
| Price - 14.332p Volumes - 150,500 Ordinary shares
|
d)
| Aggregated information
| n/a |
e) | Date of the transaction | 30 March 2017 |
f) | Place of the transaction | London Stock Exchange |