28 Mar 2018 17:53
28 March 2018
Escher Group Holdings plc
Director/PDMR Shareholding
Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software to the postal industry, received notification from a number of directors and PDMRs about sales of Ordinary Shares and exercise of options and subsequent sale of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited - full details are below.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Sales of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited
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)
| Names | 1. Liam Church 2. Fionnuala Higgins 3. Jacob Skowronek 4. Jeremy Folkes 5. Peter Dreifus |
2 | Reason for the notification | |
a)
| Position/status
| 1. Liam Church - President and Chief Executive Officer 2. Fionnuala Higgins - Chief Commercial Officer 3. Jacob Skowronek - General Manger US Delivery 4. Jeremy Folkes - Chief Product Officer 5. Peter Dreifus - Chief Administrative Officer |
b)
| Initial notification /Amendment | Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name | Escher Group Holdings plc |
b)
| LEI | 213800J5MY8YOA1U9F06 |
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 EUR0.005 |
b) | Identification code | IE00B6SKRB38 |
c) | Nature of the transaction | Sale of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited |
d)
| Price(s) and volume(s) | 1. Liam Church - 895,160 Ordinary Shares at a price of 185 pence per Ordinary Share
2. Fionnuala Higgins - 895,160 Ordinary Shares at a price of 185 pence per Ordinary Share
3. Jacob Skowronek - 40,000 Ordinary Shares at a price of 185 pence per Ordinary Share
4. Jeremy Folkes - 5,000 Ordinary Shares at a price of 185 pence per Ordinary Share
5. Peter Dreifus - 80,000 Ordinary Shares at a price of 185 pence per Ordinary Share |
d)
| Aggregated information - Aggregated volume - Price |
Aggregated volume: 1,915,320 Ordinary Shares Price: 185 pence per Ordinary Share |
e) | Date of the transaction | 27 March 2018 (the date the Offer became unconditional in all respects) |
f) | Place of the transaction | Outside of a trading venue |
Exercise of options and subsequent sale of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited
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)
| Names | 1. Liam Church 2. Clem Garvey 3. Fionnuala Higgins 4. Peter Dreifus 5. Pauline Kenna 6. Michael Sackton 7. Jacob Skowronek |
2 | Reason for the notification | |
a)
| Position/status
| 1. Liam Church - President and Chief Executive Officer 2. Clem Garvey - Chief Financial Officer 3. Fionnuala Higgins - Chief Commercial Officer 4. Peter Dreifus - Chief Administration Officer 5. Pauline Kenna - General Manager Delivery 6. Michael Sackton - Chief Technical Officer 7. Jacob Skowronek - General Manager US Delivery |
b)
| Initial notification /Amendment | Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name | Escher Group Holdings plc |
b) | LEI | 213800J5MY8YOA1U9F06 |
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 | Options over Ordinary Shares of EUR0.005 |
b) | Identification code | IE00B6SKRB38 |
c) | Nature of the transaction | Exercise of options and, as envisaged, the concurrent sale of Ordinary Shares to Exeter Acquisition Limited under the share option proposal made by Exeter Acquisition Limited |
d)
| Price(s) and volume(s) | 1. Liam Church - 25,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share
2. Clem Garvey - 120,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share
3. Fionnuala Higgins - 25,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share
4. Peter Dreifus - 18,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share
5. Pauline Kenna - 10,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share
6. Michael Sackton - 10,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share
7. Jacob Skowronek - 18,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share |
d)
| Aggregated information - Aggregated volume - Price | Aggregated volume: 226,000 options over Ordinary Shares Price: 185 pence per Ordinary Share
|
e) | Date of the transaction | 27 March 2018 (the date the proposal became unconditional in all respects) |
f) | Place of the transaction | Outside of a trading venue |
Enquiries:
Escher www.eschergroupholdings.com | +353 (0)1 254 5400 |
Clem Garvey, Chief Financial Officer |
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Panmure Gordon | +44 (0)20 7886 2500 |
Andrew Godber / Alina Vaskina, Corporate Finance |
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Erik Anderson, Corporate Broking |
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Instinctif Partners | +44 (0)20 7457 2020 |
Adrian Duffield / Chris Birt |
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