Last checked at 31 Jul 2020 07:00
31 July 2020
James Cropper Plc
(the "Company")
Notification of Transaction of Director
The Company was notified on 29 July 2020 that, on the same date, the Trustees of James Cropper Plc Share Incentive Plan ("JC SIP Plan") transferred 716 ordinary shares of 25p each ("Shares") in the Company to two participants of the SIP Scheme.
The above transfer included 337 shares transferred to Dave Watson, a Director of the Company. The Shares were awarded to him on:
Date of award | Number of Shares | Price per Share |
18 July 2016 | 176 | 734.25p |
25 July 2017 | 82 | 1682.5p |
19 July 2018 | 79 | 1461.5p |
Beneficial rights to participants are recognised immediately upon award.
The SIP trust holds Shares for a 5-year period from the date of the award and then transfers the Shares to the participants. The Shares have been transferred to the participants earlier as, under the Scheme rules, the participants are deemed to be leavers.
As a result of the above transactions, the JC SIP Plan is interested in 103,464 Shares, representing 1.1% of the issued share capital of the Company.
Enquiries:
James Cropper PLC (AIM: CRPR) Isabelle Maddock, Group Finance Director Jim Aldridge, Company Secretary Tel: +44 (0) 1539 722002 www.jamescropper.com | Shore Capital Robert Finlay, Henry Willcocks John More Tel: + 44 (0) 20 7601 6100
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The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Dave Watson | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR, Chief Operations Officer | ||||
b)
| Initial notification /Amendment | Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | James Cropper plc | ||||
b)
| LEI | 213800XM78VTDYGBRM93 | ||||
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 25p each | ||||
b) | Identification code
| GB0002346053 | ||||
c)
| Nature of the transaction
| Transfer of ownership of Shares held in the James Cropper Plc Share Incentive Plan ("SIP") on being deemed to be a leaver | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
337 0.00 | ||||
e)
| Date of the transaction | 29 July 2020 | ||||
f)
| Place of the transaction | Off Exchange | ||||