22 Jul 2020 14:20
22 July 2020
Dart Group PLC
(the "Company")
Director/PDMR Shareholdings
Dart Group PLC, the Leisure Travel group, announces that on 20 July 2020, Steve Heapy, Chief Executive Officer and Gary Brown, Chief Financial Officer subscribed for 25,610 and 24,024 ordinary shares of 1.25p each in the Company ("Ordinary Shares") at 1.25p per Ordinary Share, respectively, pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.
In order to fund only the income tax, National Insurance liabilities and administrative fees arising on vesting, Stephen Heapy and Gary Brown subsequently sold 11,961 and 11,220 Ordinary Shares and retained the balance of 13,649 and 12,804 Ordinary Shares, respectively.
Following these transactions, Mr Heapy beneficially holds a total of 249,111 Ordinary Shares, representing approximately 0.14% of the Company's issued share capital, and Mr Brown beneficially holds a total of 79,176 Ordinary Shares, representing approximately 0.04% of the Company's issued share capital.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation (596/2014), provide further details.
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 | Stephen Heapy | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Dart Group PLC | |
b) | LEI | I72RQ3PNLDPW8R7JIJ56 | |
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 1.25p each | |
Identification code | GB00B1722W11 | ||
b) | Nature of the transaction | Subscription for shares pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017. | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.0125 | 25,610 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 20 July 2020 | |
f) | Place of the transaction | AIMX | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Stephen Heapy | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Dart Group PLC | |
b) | LEI | I72RQ3PNLDPW8R7JIJ56 | |
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 1.25p each | |
Identification code | GB00B1722W11 | ||
b) | Nature of the transaction | Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 13,649 Ordinary Shares has been retained. | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£7.2099 | 11,961 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 22 July 2020 | |
f) | Place of the transaction | AIMX | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Gary Brown | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Dart Group PLC | |
b) | LEI | I72RQ3PNLDPW8R7JIJ56 | |
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 1.25p each | |
Identification code | GB00B1722W11 | ||
b) | Nature of the transaction | Subscription for shares pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017. | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.0125 | 24,024 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 20 July 2020 | |
f) | Place of the transaction | AIMX | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Gary Brown | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Dart Group PLC | |
b) | LEI | I72RQ3PNLDPW8R7JIJ56 | |
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 1.25p each | |
Identification code | GB00B1722W11 | ||
b) | Nature of the transaction | Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 12,804 Ordinary Shares has been retained. | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£7.2099 | 11,220 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 22 July 2020 | |
f) | Place of the transaction | AIMX | |
For further information please contact:
Dart Group PLC Philip Meeson, Executive Chairman Ian Day, Group Company Secretary
| 0113 239 7817
|
Cenkos Securities plc Nominated Adviser Katy Birkin / Russell Cook
| 020 7397 8900 |