29 Nov 2019 12:34
29 November 2019
HOTEL CHOCOLAT GROUP PLC
("Hotel Chocolat", the "Company" or the "Group")
Director/PDMR Dealings
The Company announces today that it has issued 20,270 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") pursuant to the exercise of share options by Director, Matt Margereson. The options were issued under the Approved part of the Company's Long-Term Incentive Plan and have been exercised at an exercise price of 148p each. The exercise of the above share options has been satisfied by the Company's block listing arrangements.
Following the exercise of the share options, Mr Margereson has sold the 20,270 Ordinary shares acquired as a result of the share option exercise.
The details of the exercise of options and the sale of Ordinary Shares are summarised below:
Initial Holding | Resultant Holding | ||||||
Director | Number of Ordinary Shares | Percentage of issued share capital | Options exercised | Ordinary Shares sold | Price of Ordinary Shares sold | Number of Ordinary Shares | Percentage of issued share capital |
Matthew Margereson | 253,565 | 0.22% | 20,270 | 20,270 | 420p | 253,565 | 0.22% |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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
| MATTHEW PAUL MARGERESON
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CHIEF OPERATING OFFICER
| ||||
b)
| Initial notification /Amendment
| INITIAL NOTIFICATION | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| HOTEL CHOCOLAT GROUP PLC | ||||
b)
| LEI
| 213800B4D3J15PZHVY29 | ||||
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 | HOTEL CHOCOLAT GROUP PLC ORDINARY SHARES OF 0.1P EACH | ||||
Identification code | ISIN: GB00BY23CB04 | |||||
b)
| Nature of the transaction
| EXERCISE OF OPTIONS | ||||
c)
| Price(s) and volume(s) | |||||
Price(s) | Volume(s) | |||||
£1.48 | 20,270 | |||||
d)
| Aggregated information | |||||
- Aggregated volume | n/a single transaction | |||||
- Price | ||||||
e)
| Date of the transaction
| 29 November 2019 | ||||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| MATTHEW PAUL MARGERESON
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CHIEF OPERATING OFFICER
| ||||
b)
| Initial notification /Amendment
| INITIAL NOTIFICATION | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| HOTEL CHOCOLAT GROUP PLC | ||||
b)
| LEI
| 213800B4D3J15PZHVY29 | ||||
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 | HOTEL CHOCOLAT GROUP PLC ORDINARY SHARES OF 0.1P EACH | ||||
Identification code | ISIN: GB00BY23CB04 | |||||
b)
| Nature of the transaction
| SALE OF SHARES | ||||
c)
| Price(s) and volume(s) | |||||
Price(s) | Volume(s) | |||||
£4.20 | 20,270 | |||||
d)
| Aggregated information | |||||
- Aggregated volume | n/a single transaction | |||||
- Price | ||||||
e)
| Date of the transaction
| 29 November 2019 | ||||
f)
| Place of the transaction
| LONDON STOCK EXCHANGE, AIM | ||||
Enquiries:
Hotel Chocolat Group PLC | Tel: +44 (0) 1763 257 746 |
Angus Thirlwell, Co-Founder and CEO Peter Harris, Co-Founder and Development Director Matt Pritchard, CFO
| |
Liberum (Nominated Adviser and Sole Broker) | Tel: +44 (0) 20 3100 2000 |
Clayton Bush James Greenwood
| |
Citigate Dewe Rogerson | Tel: + 44 (0) 20 7638 9571 |
Angharad Couch Ellen Wilton
|
Notes to Editors:
Hotel Chocolat is a premium British chocolatier with a strong and distinct brand. The business was founded in 1993 by Angus Thirlwell and Peter Harris and has traded under the Hotel Chocolat brand since 2003. The Group sells its products online and through a network of stores in the UK and abroad. The Group has a cocoa plantation and eco-hotel in Saint Lucia, offering complete cocoa immersion thorough tree-to-bar experiences and wellness treatments. The Group also has a flagship restaurant and cocoa roastery in London's Borough Market: Rabot 1745. The Group was admitted to trading on AIM in 2016.