Last checked at 26 Jul 2017 07:19
HORNBY PLC
Hornby Plc ("Hornby", the "Company"), the international models and collectibles group, announces that as a result of the mandatory unconditional cash offer made for the Company on 23 June 2017 by Phoenix UK Fund Ltd ("Phoenix") (the "Offer"), the Long Term Incentive Plan ("LTIP") announced in December 2016 was triggered, resulting in the vesting of the LTIP awards on the date on which the Offer became wholly unconditional.
Accordingly, certain awards have been made to participants of the LTIP as shown below:
PDMR | Number of shares in relation to which the LTIP award vested | Cash settlement amount determined by reference to 32.375 pence per share |
Steve Cooke | 222,543 | £72,048 |
David Mulligan | 62,312 | £20,173 |
Red McKay | 67,653 | £21,902 |
Enquiries:
Hornby Plc | 01843 233500 |
Steve Cooke, Chief Executive | |
David Mulligan, Group Finance Director | |
www.hornby.com | |
Numis Securities Limited | 020 7260 1000 |
Oliver Cardigan (Nomad) Paul Gillam | |
Tom Ballard | |
Capital Access Group | 020 3763 3400 |
Scott Fulton |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Steve Cooke | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 | Cash settlement of a right to otherwise receive 222,543 ordinary shares of Hornby Plc in connection with the exercise of a performance share award granted under the Hornby Plc Long Term Incentive Plan 2016 N/A
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b) | Nature of the transaction | Cash settlement of a right to otherwise receive 222,543 ordinary shares of Hornby Plc in connection with the exercise of a performance share award granted on 20 December 2016 under the Hornby Plc Long Term Incentive Plan 2016 following early vesting of the performance share award as a result of a mandatory cash offer made by Phoenix UK Fund Ltd to acquire the entire issued share capital of Hornby Plc.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
222,543 £72,048 | ||||
e) | Date of the transaction | 21 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Mulligan | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 | Cash settlement of a right to otherwise receive 62,312 ordinary shares of Hornby Plc in connection with the exercise of a performance share award granted under the Hornby Plc Long Term Incentive Plan 2016 N/A
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b) | Nature of the transaction | Cash settlement of a right to otherwise receive 62,312 ordinary shares of Hornby Plc in connection with the exercise of a performance share award granted on 20 December 2016 under the Hornby Plc Long Term Incentive Plan 2016 following early vesting of the performance share award as a result of a mandatory cash offer made by Phoenix UK Fund Ltd to acquire the entire issued share capital of Hornby Plc.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
62,312 £20,173 | ||||
e) | Date of the transaction | 21 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Red McKay | ||||
2 | Reason for Notification | |||||
a) | Position/status | Supply Chain Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 | Cash settlement of a right to otherwise receive 67,653 ordinary shares of Hornby Plc in connection with the exercise of a performance share award granted under the Hornby Plc Long Term Incentive Plan 2016 N/A
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b) | Nature of the transaction | Cash settlement of a right to otherwise receive 67,653 ordinary shares of Hornby Plc in connection with the exercise of a performance share award granted on 20 December 2016 under the Hornby Plc Long Term Incentive Plan 2016 following early vesting of the performance share award as a result of a mandatory cash offer made by Phoenix UK Fund Ltd to acquire the entire issued share capital of Hornby Plc.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
67,653 £21,902 | ||||
e) | Date of the transaction | 21 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||