Last checked at 21 Feb 2017 07:00
Driver Group plc("Driver Group" or the "Company")
Director dealing
Driver Group plc (AIM: DRV), the global professional services consultancy to construction and engineering industries, announces that certain directors of the Company irrevocably committed to participate in the placing announced on 17 February 2017 at the placing price of 40 pence per ordinary share. Further details of their participation are set out below.
Director | Number of Existing Ordinary Shares held | Number of Placing Shares being acquired | Total number of Ordinary Shares held following the Placing1 | Percentage of Enlarged Share Capital1 |
Steve Norris | 187,562 | 50,000 | 237,562 | 0.46% |
Gordon Wilkinson | 400,000 | 250,000 | 650,000 | 1.25% |
Hugh Cawley | 21,191 | 25,000 | 46,191 | 0.09% |
Colin Davies | 100,000 | - | 100,000 | 0.19% |
John Horgan | - | 50,000 | 50,000 | 0.10% |
1 Assuming nil take-up by any Shareholders under the Open Offer
The notification at the end of this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the Director's dealings.
Enquiries: | |
Driver Group plc Gordon Wilkinson (CEO) Hugh Cawley, (CFO) |
+44 (0)20 7357 9600 +44 (0)20 7377 0005
|
N+1 Singer (Nominated Adviser & Broker) Sandy Fraser James White Alex Laughton-Scott | +44 (0)20 7496 3000 |
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
| Gordon Wilkinson | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chief Executive Officer of Driver Group plc | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Driver Group plc | ||||||
b)
| LEI
| N/A | ||||||
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
Identification code
| Ordinary Shares of 0.4p each ("Ordinary Shares")
ISIN Code: GB00B0L9CO92
| ||||||
b)
| Nature of the transaction
| Irrevocable commitment to purchase Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 17/02/2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Steve Norris | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Non-Executive Chairman of Driver Group plc | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Driver Group plc | ||||||
b)
| LEI
| N/A | ||||||
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
Identification code
| Ordinary Shares of 0.4p each ("Ordinary Shares")
ISIN Code: GB00B0L9CO92
| ||||||
b)
| Nature of the transaction
| Irrevocable commitment to purchase Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 17/02/2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Hugh Cawley | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chief Financial Officer of Driver Group plc | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Driver Group plc | ||||||
b)
| LEI
| n/a | ||||||
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
Identification code
| Ordinary Shares of 0.4p each ("Ordinary Shares")
ISIN Code: GB00B0L9CO92
| ||||||
b)
| Nature of the transaction
| Irrevocable commitment to purchase Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 17/02/2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| John Horgan | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Non-Executive Director of Driver Group plc | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Driver Group plc | ||||||
b)
| LEI
| n/a | ||||||
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
Identification code
| Ordinary Shares of 0.4p each ("Ordinary Shares")
ISIN Code: GB00B0L9CO92
| ||||||
b)
| Nature of the transaction
| Irrevocable commitment to purchase Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 17/02/2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||