27 Mar 2019 09:50
27 March 2019
Hansteen Holdings PLC
("Hansteen" or the "Company")
Issue of equity and Director/PDMR Shareholding
Application has been made to the Financial Conduct Authority for admission of 14,355,377 new ordinary shares of £0.10 each (which will rank pari-passu with the existing ordinary shares) to the premium listing segment of the Official List and to the London Stock Exchange for admission to trading of the new ordinary shares ("Admission"). It is expected that Admission will take place at 8.00 a.m. on 28 March 2019.
The shares have been subscribed for by the Hansteen Employee Benefit Trust (the "Trust") and will be used together with 10,644,623 shares purchased in the market by the Trust on 25 March 2019 and 26 March 2019, in part, to satisfy awards pursuant to the Company's Founder Long Term Incentive Plan (the "FLTIP Awards") "as set out in more detail in the disclosure below. Any excess shares remaining after satisfying the FLTIP Awards will be retained by the Trust to satisfy awards pursuant to the Company's Performance Share Plan.
The Persons Discharging Managerial Responsibility ("PDMR's") of the Company, together with other employees, are included in the potential beneficiaries of the Trust and are therefore treated as having an interest in some of those shares and the dealings thereof.
After satisfying the FLTIP Awards the Trust will own 3,163,190 shares in the Company, representing 0.74% of the Company's issued share capital with voting rights following Admission.
Following Admission, the total number of voting rights in the Company will be 427,302,372. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Disclosure, Guidance and Transparency Rules.
The Company received notification on 25 March 2019 of the following share transactions:
1 | Details of the persons discharging managerial responsibilities/persons closely associated | ||
a) | Name |
1. Morgan Jones
2. Ian Watson
3. Jacqueline Watson | |
2 | Reason for the notification | ||
a) | Position/status |
1. PDMR
2. PDMR
3. PCA | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Hansteen Holdings PLC | |
b) | LEI | 2138007274QQL9KBWY58 | |
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 £0.10 each in the capital of Hansteen Holdings PLC GB00B0PPFY88 | |
b) | Nature of transaction | Sale of shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £0.94525 2. £0.94525 3. £0.94525 | 1. 3,752,039 2. 1,370,073 3. 2,381,967 | ||
d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | |
e) | Date of the transaction | 25 March 2019 | |
f) | Place of the transaction | London Stock Exchange | |
1 | Details of the persons discharging managerial responsibilities/persons closely associated | ||
a) | Name |
1. David Rough
2. Wendy Egglenton
| |
2 | Reason for the notification | ||
a) | Position/status |
1. PDMR
2. PCA
| |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Hansteen Holdings PLC | |
b) | LEI | 2138007274QQL9KBWY58 | |
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 £0.10 each in the capital of Hansteen Holdings PLC GB00B0PPFY88 | |
b) | Nature of transaction | Purchase of shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £0.94837 2. £0.940 | 1. 30,578 2. 53,191 | ||
d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | |
e) | Date of the transaction | 25 March 2019 | |
f) | Place of the transaction | London Stock Exchange | |
The Company received notification on 26 March 2019 of the following share transaction:
1 | Details of the persons discharging managerial responsibilities/persons closely associated | ||
a) | Name |
1. Jim Clarke
| |
2 | Reason for the notification | ||
a) | Position/status |
1. PDMR
| |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Hansteen Holdings PLC | |
b) | LEI | 2138007274QQL9KBWY58 | |
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 £0.10 each in the capital of Hansteen Holdings PLC GB00B0PPFY88 | |
b) | Nature of transaction | Purchase of shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
3. £0.9658 | 3. 30,906 | ||
d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | |
e) | Date of the transaction | 26 March 2019 | |
f) | Place of the transaction | London Stock Exchange | |
The Company received notification on 27 March 2019 of the following satisfaction of awards by the Hansteen Employee Benefit Trust pursuant to the Company's Founder Long Term Incentive Plan:
1 | Details of the persons discharging managerial responsibilities/persons closely associated | ||
a) | Name |
1. Morgan Jones
2. Ian Watson | |
2 | Reason for the notification | ||
a) | Position/status |
1. PDMR
2. PDMR | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Hansteen Holdings PLC | |
b) | LEI | 2138007274QQL9KBWY58 | |
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 £0.10 each in the capital of Hansteen Holdings PLC GB00B0PPFY88 | |
b) | Nature of transaction | Award of shares pursuant to the Company's Founder Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £ nil 2. £ nil | 1. 11,552,789 2. 11,552,789 | ||
d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | |
e) | Date of the transaction | 27 March 2019 | |
f) | Place of the transaction | London Stock Exchange | |
The interests of the directors in the ordinary shares of the Company before and after the above transactions are as follows:
Name | Status | Position | Before transactions | After transactions | |||
Wendy Egglenton | PCA | Spouse of Chairman | 27,657
| 0.007% | 80,848 | 0.019% | |
David Rough | PDMR | Senior Independent Director | 1,423
| - | 32,001 | 0.007% | |
Jim Clarke | PDMR | Non-Executive Director | - | - | 30,906 | 0.007% | |
Morgan Jones | PDMR | Joint Chief Executive/Director | 3,752,039
| 0.909% | 11,552,789 | 2.704% | |
Ian Watson | PDMR | Joint Chief Executive/Director | 2,381,967
| 0.332% | 11,552,789 | 2.704% | |
Jacqueline Watson | PCA | Spouse of Joint Chief Executive/Director | 1,370,073 | 0.577% | - | - | |
Rick Lowes | PDMR | Finance Director | 661,089 | 0.160% | 661,089 | 0.155% | |
Total | 8,194,248 | 1.984% | 23,910,422 | 5.596% | |||
Total Shares in Issue | 412,946,955 | 427,302,372 | |||||
For further information:
Anne-Marie Wells
Link Company Matters Limited
Company Secretary
Tel: 020 7954 9685