30 Nov 2017 16:18
The following amendment has been made to the Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them released on 8 November 2017 at 4.25pm RNS 9651V.
The announcement dated 8 November 2017 disclosed details of the shares disposed by the directors and persons closely associated with them ("PCAs") in the Tender Offer which completed on 7 November 2017. The directors and PCAs disposed of their Full Proportional Entitlement which was comprised of their Individual Basic Entitlement plus the balance of their Ordinary Shares above their Individual Basic Entitlement to the extent that other Shareholders did not tender at least their Individual Basic Entitlement.
The announcement disclosed the disposals of each individual director and PCA which amounted to 13,046,382 shares in aggregate resulting in the directors and PCAs together holding 8,063,125 shares or 1.953% of the issued share capital following completion of the Tender Offer.
Certain of the directors and PCAs held shares in nominee accounts grouped together with other unrelated shareholders. As a result the number of shares accepted in the Tender Offer and allocated to the directors and PCAs by the administrators of the nominee accounts depended on the shares tendered by the other shareholders in those nominee accounts. In some cases this resulted in the directors and PCA's being allocated more shares than the expected 23.61% in excess of the Individual Basic Entitlements and in aggregate, including certain minor rounding differences, this amounted to 178,632 shares.
After adjusting for these differences, the actual number of shares disposed in the Tender Offer by directors and PCAs amounted to 13,225,014 shares in aggregate and resulted in the directors and PCAs holding 7,884,493 or 1.909% of the issued share capital following the completion of the Tender Offer.
The full amended text is shown below
Hansteen Holdings PLC
("Hansteen" or the "Company")
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
Further to the announcement made on 26 October 2017 and completion of the tender offer on 7 November 2017, the Directors and their closely association persons have, as disclosed in the Tender Offer Circular dated 4 October 2017, disposed of their Full Proportional Entitlement which is comprised of their Individual Basic Entitlement plus the balance of their Ordinary Shares above their Individual Basic Entitlement to the extent that other Shareholders did not tender at least their Individual Basic Entitlement.
Name | Director/ PDMR | Total shares held immediately prior to Tender offer | Number of shares tendered being their Individual Basic Entitlement plus the balance of their Ordinary Shares to the extent that other Shareholders did not tender at least their Individual Basic Entitlement being Full Proportional Entitlement | Balance of shares retained after the Tender offer |
Wendy Egglenton | Spouse of Chairman | 72,406 | 44,749 | 27,657 |
David Rough | Senior Independent Director/ Director | 62,500 | 61,077 | 1,423 |
Barbara Rough | Spouse of Senior Independent Director / Director | 12,500 | 12,500 | 0 |
Morgan Jones | Joint Chief Executive / Director | 9,515,506 | 5,880,901 | 3,634,605 |
Ian Richard Watson | Joint Chief Executive / Director | 8,515,506 | 5,262,867 | 3,252,639 |
Jacqueline Watson | Spouse of Joint Chief Executive / Director | 1,000,000 | 618,033 | 381,967 |
Richard Philip Lowes | Finance Director / Director | 1,887,402 | 1,317,888 | 569,514 |
Bernadette Lowes | Spouse of Finance Director /Director | 43,687 | 26,999 | 16,688 |
The notification below, which has been 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 | Wendy Egglenton | ||
2 | Reason for the notification | |||
a) | Position/status | Spouse of Chairman - Director | ||
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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer Circular dated 4 October 2017) | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
£1.40 | 44,749 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
£1.40 | 44,749 | £62,648.60 | ||
e) | Date of the transaction | 7 November 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | David Rough | ||
2 | Reason for the notification | |||
a) | Position/status | Senior Independent Director - Director | ||
b) | Initial notification/Amendment | Amendment 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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
£1.40 | 61,077 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
£1.40 | 61,077 | £85,507.80 | ||
e) | Date of the transaction | 7 November 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Barbara Rough | ||
2 | Reason for the notification | |||
a) | Position/status | Spouse of David Rough, Senior Independent Director - Director | ||
b) | Initial notification/Amendment | Amendment 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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
£1.40 | 12,500 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
£1.40 | 12,500 | £17,500.00 | ||
e) | Date of the transaction | 7 November 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Morgan Jones | ||
2 | Reason for the notification | |||
a) | Position/status | Joint Chief Executive - Director | ||
b) | Initial notification/Amendment | Amentment 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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
£1.40 | 5,880,901 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
£1.40 | 5,880,901 | £8,233,261.40 | ||
e) | Date of the transaction | 7 November 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Ian Richard Watson | ||
2 | Reason for the notification | |||
a) | Position/status | Joint Chief Executive - Director | ||
b) | Initial notification/Amendment | Amendment 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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
£1.40 | 5,262,867 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
£1.40 | 5,262,867 | £7,368,013.80 | ||
e) | Date of the transaction | 7 November 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Jacqueline Watson | ||
2 | Reason for the notification | |||
a) | Position/status | Spouse of Ian Richard Watson, Joint Chief Executive - Director | ||
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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
£1.40 | 618,033 | |||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total |
£1.40 | 618,033
| £865,246.20
| ||
e) | Date of the transaction | 7 November 2017 | ||
f) | Place of the transaction | London Stock Exchange | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name | Richard Philip Lowes | |||
2 | Reason for the notification | ||||
a) | Position/status | Finance Director - Director | |||
b) | Initial notification/Amendment | Amendment 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 | Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) in respect of 1,887,802 Ordinary Shares | |||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | ||
£1.40 | 1,317,888 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Price | |
£1.40 | 1,317,888 | £1,845,043.20 | |||
e) | Date of the transaction | 7 November 2017 | |||
f) | Place of the transaction | London Stock Exchange | |||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name | Bernadette Lowes | |||
2 | Reason for the notification | ||||
a) | Position/status | Spouse of Richard Philip Lowes, Finance Director - Director | |||
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 | Disposal of Full proportional entitlement (as defined in the Tender Offer dated 4 October 2017) | |||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | ||
£1.40 | 26,999 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Price | |
£1.40 | 26,999
| £37,798.60
| |||
e) | Date of the transaction | 7 November 2017 | |||
f) | Place of the transaction | London Stock Exchange | |||
For further information:
Karen Rowe
Link Company Matters Limited
+44 (0)20 7954 9569