15 Nov 2017 13:06
15 November 2017
Cenkos Securities plc
("Cenkos" or the "Company")
Award of shares under Share Incentive Plan and Directors' Dealings
The Company was notified on 14 November 2017 that, on 14 November 2017, Capita IRG Trustees Limited, the independent trustee of the Company's HMRC Approved Share Incentive Plan ("SIP"), requested, in accordance with the SIP's rules and on behalf of SIP participants, that it be awarded 29,859 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), at a price of 102.0 pence per Ordinary Share to meet its obligations under the SIP. Under the terms of the SIP, participating members, including employees and Directors of the Company, could elect to automatically reinvest the dividend payments that it receives under the SIP. In order to satisfy this commitment, shares have been transferred from existing holdings held under the Cenkos Employee Benefit Trust to the SIP.
Certain Executive Directors participate in the SIP, who had each previously elected to automatically reinvest the dividend payments that they receive in respect of Ordinary Shares held under the SIP. Hence each of Paul Hodges and Joe Nally (the "Participating Directors") have been awarded 547 Ordinary Shares each at a price of 102.0 pence per Ordinary Share (the "SIP Dividend Shares"). Following the award of the SIP Dividend Shares, the Participating Directors' shareholdings in the Company are as set out in the table below.
Directors | Number of Ordinary Shares awarded from dividends being reinvested | Price per Ordinary Share (pence) | Total number of Ordinary Shares held | % of issued ordinary share capital |
Paul Hodges | 547 | 102.0 | 5,093,188 | 8.98% |
Joe Nally | 547 | 102.0 | 1,067,771 | 1.88% |
As at 14 November 2017, the Company has 56,694,783 Ordinary Shares in issue.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail in relation to the award of the SIP Shares to the Participating Directors.
Enquiries:
Anthony Hotson +44 20 7397 8900
Chief Executive Officer
Cenkos Securities plc
Dr Azhic Basirov / David Jones / Ben Jeynes +44 20 7131 4000
Nominated Adviser
Smith & Williamson Corporate Finance Limited
David Rydell
Buchanan Communications +44 20 3466 5066
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Paul Hodges | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Director) | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Cenkos Securities plc | |
b) | LEI | - | |
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 1p each | |
Identification code | GB00B1FLHR07 | ||
b) | Nature of the transaction | Award of ordinary shares under share incentive plan dividend re-investment | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£1.02 | 547 | ||
d) | Aggregated information | N/A (single transaction) | |
Aggregated volume | |||
Price | |||
e) | Date of the transaction | 14 November 2017 | |
f) | Place of the transaction | Outside of a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Joe Nally | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Director) | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Cenkos Securities plc | |
b) | LEI | - | |
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 1p each | |
Identification code | GB00B1FLHR07 | ||
b) | Nature of the transaction | Award of ordinary shares under share incentive plan dividend re-investment | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£1.02 | 547 | ||
d) | Aggregated information | N/A (single transaction) | |
Aggregated volume | |||
Price | |||
e) | Date of the transaction | 14 November 2017 | |
f) | Place of the transaction | Outside of a trading venue | |