19 Dec 2017 07:00
BCA Marketplace plc ("BCA" or the "Company")
Notification of transaction by person discharging managerial responsibilities
BCA announces that following vesting of the Company's HIJ long term incentive scheme all participants have notified the Company of the exercise of their entitlements in full. In accordance with the scheme, the Board of BCA has agreed to settle these entitlements through the allotment of 24,009,071 new ordinary shares in the Company at a price of 209.55 pence per share, being the average volume weighted share price in the 30 business days leading up to the exercise notification. Accordingly, 24,009,071 ordinary shares in BCA have been duly allotted, conditional upon admission of those shares to the Official List and to trading on the London Stock Exchange ("Admission").
All of these shares will rank pari passu with the existing BCA ordinary shares in issue. Application will be made for admission to trading of the new ordinary shares. It is expected that Admission will become effective and that dealings in these shares will commence on or around 27 December 2017.
Following Admission, the interests of the following directors in BCA Shares will be as follows:
Director | No of shares held prior to Admission | No held after Admission |
Avril Palmer-Baunack | 725,572 | 14,413,8551 |
Tim Lampert | 27,232 | 1,227,692 |
James Corsellis &Mark Brangstrup Watts | 35,941,110 | 45,061,4382 |
Following allotment and Admission of the new shares, there will be 804,256,263 ordinary shares in the Company in issue. This number may be used by shareholders of BCA as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries
BCA Marketplace plc (Investor Relations) tim.richmond@bca.com
Tim Richmond
Square1 Consulting (Financial PR) +44 (0)20 7929 5599
David Bick
1 including 32,078 BCA Shares held by Iona Palmer-Baunack, a person closely associated with her.
2 The new shares upon Admission are held through Marwyn Long Term Incentive LP, a partnership in which James Corsellis and Mark Brangstrup Watts have a beneficial interest. James Corsellis and Mark Brangstrup Watts are also interested in 35,941,110 BCA Shares through their directorships of, and beneficial interests in, Marwyn Asset Management Limited which manages funds for which those shares are held.
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
| Avril Palmer-Baunack | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Executive Chairman | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| BCA Marketplace plc | |||
b)
| LEI
| 213800DF1FHPDJ7Q7C85 | |||
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 £0.01 each | |||
Identification code | GB00BP0S1D85 | ||||
| |||||
b)
| Nature of the transaction
| Notice of redemption of the HIJ incentive shares and related issue of ordinary shares due as consideration for such incentive shares under the Company's Long Term Executive Incentive Scheme | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 209.545292 pence | 13,688,283 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 13,688,283 | ||||
- Price | £28,683,152.58 | ||||
e)
| Date of the transaction
| 18 December 2018 | |||
f)
| Place of the transaction
| Outside trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tim Lampert | |||
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
| BCA Marketplace plc | |||
b)
| LEI
| 213800DF1FHPDJ7Q7C85 | |||
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 £0.01 each | |||
Identification code | GB00BP0S1D85 | ||||
| |||||
b)
| Nature of the transaction
| Notice of redemption of the HIJ incentive shares and related issue of ordinary shares due as consideration for such incentive shares under the Company's Long Term Executive Incentive Scheme | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 209.545292 pence | 1,200,460 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 1,200,460 | ||||
- Price | £2,515,507.41 | ||||
e)
| Date of the transaction
| 18 December 2018 | |||
f)
| Place of the transaction
| Outside trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mark Brangstrup Watts | |||
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
| BCA Marketplace plc | |||
b)
| LEI
| 213800DF1FHPDJ7Q7C85 | |||
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 £0.01 each | |||
Identification code | GB00BP0S1D85 | ||||
| |||||
b)
| Nature of the transaction
| Notice of redemption of the HIJ incentive shares by Marwyn Long Term Incentive LP3 and related issue of ordinary shares due as consideration for such incentive shares under the Marwyn Long Term Incentive Scheme | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 209.545292 pence | 9,120,328 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 9,120,328 | ||||
- Price | £19,111,217.94 | ||||
e)
| Date of the transaction
| 18 December 2018 | |||
f)
| Place of the transaction
| Outside trading venue | |||
3 Marwyn Long Term Incentive LP is a partnership in which James Corsellis and Mark Brangstrup Watts have a beneficial interest.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| James Corsellis | |||
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
| BCA Marketplace plc | |||
b)
| LEI
| 213800DF1FHPDJ7Q7C85 | |||
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 £0.01 each | |||
Identification code | GB00BP0S1D85 | ||||
| |||||
b)
| Nature of the transaction
| Notice of redemption of the HIJ incentive shares by Marwyn Long Term Incentive LP4 and related issue of ordinary shares due as consideration for such incentive shares under the Marwyn Long Term Incentive Scheme | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 209.545292 pence | 9,120,328 |
| ||
|
|
|
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 9,120,328 | ||||
- Price | £19,111,217.94 | ||||
e)
| Date of the transaction
| 18 December 2018
| |||
f)
| Place of the transaction
| Outside trading venue | |||
4 Marwyn Long Term Incentive LP is a partnership in which James Corsellis and Mark Brangstrup Watts have a beneficial interest.