12 Feb 2021 07:00
12 February 2021
John Lewis of Hungerford Plc
("John Lewis of Hungerford" or the "Company")
Subscription by Directors and a PDMR and change to Total Voting Rights
John Lewis of Hungerford (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, announces that it has raised £48,600 (before expenses) via the issue of 7,200,000 ordinary shares of 0.1p each in the Company (the "Subscription Shares") at a subscription price of 0.675 pence per share. The proceeds of the issue of the Subscription Shares will be used by the Company for general working capital purposes.
The Subscription Shares being issued to Directors of the Company (or their nominee) and their resulting interests in the Company's ordinary shares are set out below:
Director | Role | Number of Subscription Shares issued | Interest in ordinary shares upon Admission | Percentage of enlarged issued share capital upon Admission |
Kiran Noonan | Managing Director and Acting Chairman | 500,000 | 500,000 | 0.26% |
Alan Charlton | Non-Executive Director | 5,000,000 | 9,423,178 | 4.86% |
Stephen Huggett | Non-Executive Director | 1,500,000 | 1,500,000 | 0.77% |
Application will be made for the Subscription Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 17 February 2021 ("Admission"). The Subscription Shares will represent approximately 3.71% of the Company's issued ordinary share capital following their issue and will rank pari passu in all respects with the Company's existing ordinary shares.
Total Voting Rights
Upon Admission, the issued share capital of the Company will consist of 193,945,519 ordinary shares of 0.1p each. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 193,945,519. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.
Enquiries:
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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 | PDMRs:
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2 | Reason for the notification | |||||||||
a) | Position/status | See 1a) above | ||||||||
b)
| Initial notification /Amendment | Initial notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | John Lewis of Hungerford plc | ||||||||
b) | LEI | 254900N2MR89E8ZEO985 | ||||||||
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 0.1p each GB0004773148 | ||||||||
b) | Nature of the transaction | Subscription of ordinary shares | ||||||||
c) | Price(s) and volume(s) | Price: 0.675p
Volumes:
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d) | Aggregated information - Aggregated volume - Price | N/A (single transaction)
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e) | Date of the transaction | 12 February 2021 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||