17 Jun 2015 09:45
PATISSERIE HOLDINGS PLC
(the "Company")
Directors' Dealings
The Company was notified on 17 June 2015 that, in order to satisfy specific market demand for shares in the Company ("Ordinary Shares"), the following directors of the Company have sold an aggregate of 4,750,823 Ordinary Shares at a price of 312 pence per Ordinary Share (the "Sale"):
Director | Shareholding pre-Sale | Number of Ordinary Shares sold | Shareholding post-Sale | % of issued share capital post-Sale |
Luke Johnson
|
42,668,004 |
4,046,823 |
38,621,181 |
38.6% |
Paul May
|
5,060,000 |
506,000 |
4,554,000 |
4.6% |
Chris Marsh
|
516,052 |
51,000 |
465,052 |
0.5% |
James Horler
|
294,116 |
147,000 |
147,116 |
0.1% |
As a result of the Sale, the concert party comprising Luke Johnson, Paul May, Ben Redmond and Risk Capital Partners LLP (the "Concert Party"), now holds a total of 45,417,780 Ordinary Shares representing 45.4 per cent. of the issued share capital of the Company. Consequently, the Concert Party will be unable to acquire, without the prior consent of the Takeover Panel, any further interest in Ordinary Shares without triggering an obligation to make a mandatory offer for the remaining Ordinary Shares under Rule 9 of the City Code on Takeovers and Mergers.
Enquiries:
Patisserie Holdings plc Luke Johnson, Executive Chairman Paul May, Chief Executive Officer Chris Marsh, Finance Director |
+44 (0)121 777 7000 | |
Canaccord Genuity Limited (Nomad and Broker) Bruce Garrow Peter Stewart Joe Weaving | +44 20 7523 8000
| |
Financial Public Relations Maitland | +44 (0)20 7379 5151 |
Neil Bennett
Brian Hudspith