Last checked at 23 Mar 2018 13:12
23 March 2018
Big Yellow Group PLC
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.
Big Yellow Group PLC ("Big Yellow" or "Company") was notified on 23 March 2018, Nicholas Vetch, Executive Chairman, and his wife Catherine, have entered into individual personal loan arrangements ("Loans") with J.P. Morgan International Bank Limited ("Bank") and granted pledges in favour of the Bank over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans.
Details are set out in the table below along with the Director's beneficial interests, which remain unchanged.
Director
| Number of Shares pledged | Holding of Shares | Holding as a percentage of issued ordinary share capital |
Nicholas Vetch | 700,000 | 9,059,881 | 5.73% |
1. | Details of PDMR / person closely associated with them ('PCA') | |||||
a) | Name | Nicholas Vetch
| ||||
b) | Position / status | Executive Chairman | ||||
c) | Initial notification / amendment | Initial Notification | ||||
2. | 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 | Ordinary Shares of Big Yellow Group PLC (the "Company"). | ||||
b) | Nature of the transaction | Mr Vetch and his wife Catherine have granted pledges in favour of J.P. Morgan International Bank Limited over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans. Following this transaction, Mr Vetch's holding has remained at 9,059,881 shares, representing 5.73% of the issued share capital of the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | 700,000 shares N/A | ||||
e) | Date of the transaction | 23 March 2018 | ||||
f) | Place of the transaction | Outside trading venue | ||||