Last checked at 27 Apr 2017 09:40
Lok'nStore Group plc ("Lok'nStore" or "the Company")
Sale of Treasury Shares
Exercise of Options
Director Dealing
Total Voting Rights
Lok'nStore, the fast growing self-storage Company, is pleased to announce that on 26 April 2017 it sold 491,869 ordinary shares of 1 penny each in the Company ("Ordinary Shares") held in treasury. At the same time, 255,000 Ordinary Shares were sold on behalf of certain directors of the Company (the "Directors"), as detailed below.
This sale was undertaken to satisfy demand for the Company's shares, and to improve liquidity going forward. The Ordinary Shares were sold to a range of institutional investors at a price of 425 pence per Ordinary Share.
Included in the shares sold by the Directors were 25,000 Ordinary Shares sold by Ray Davies, and 50,000 Ordinary Shares sold by Simon Thomas following exercises by them on 26 April 2017 of options held by them over the same number of shares under the terms of the Company's unapproved share option plan. The options were exercised at 213.50p in the case of Ray Davies and 136.00p in the case of Simon Thomas.
Subsequent to the Placing, the Directors revised shareholdings are set out below:
Vendors | Shares sold | Resultant shareholding | ||
| Number of Ordinary Shares | % of Issued Share Capital | Number of Ordinary Shares | % of Issued Share Capital |
Simon Thomas | 50,000 | 0.17 | 2,061,190 | 7.04 |
Charles Peal | 180,000 | 0.61 | 665,000 | 2.07 |
Ray Davies | 25,000 | 0.09 | 46,982 | 0.16 |
The total number of Ordinary Shares in issue following the sale of treasury shares and exercise of options referred to above will be 29,274,230 with no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will 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 information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
Lok'nStore Andrew Jacobs, CEO Ray Davies, Finance Director | 01252 521 010 |
finnCap Ltd Julian Blunt, Giles Rolls, Corporate Finance Alice Lane, Corporate Broking | 020 7220 0500 |
Camarco Billy Clegg / Tom Huddart | 0203 757 4980 |
Notes for Editors
Lok'nStore is one of the leading companies in the fast growing UK self-storage market, currently operating 26 highly visible, distinctive orange livery self-storage centres in prominent locations in South-East England and two serviced document storage sites. Lok'nStore is substantially into a programme of opening four new stores in Gillingham, Wellingborough, Broadstairs and Hemel Hempstead which will all open by the end of the 2017.
This information is provided by RNS - The company news service from the London Stock Exchange.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Charles Peal | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Lok'nStore Group Plc
| ||||
b) | LEI | 213800MXVAMG3CA42A19 | ||||
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 | Ordinary Shares of 1p each | ||||
Identification code | GB0007276115 | |||||
b) | Nature of the transaction | Sale of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
180,000 425p | ||||
e) | Date of the transaction | 26 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Simon Thomas | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Non-Executive Director | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lok'nStore Group Plc
| ||||||
b) | LEI | 213800MXVAMG3CA42A19 | ||||||
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 | Ordinary Shares of 1p each | ||||||
Identification code | GB0007276115 | |||||||
b) | Nature of the transaction | Exercise of share options and sale of shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
50,000 share options exercised at 136.00p 50,000 ordinary shares sold at 425p | ||||||
e) | Date of the transaction | 26 April 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Ray Davies | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Finance Director | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lok'nStore Group Plc
| ||||||
b) | LEI | 213800MXVAMG3CA42A19 | ||||||
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 | Ordinary Shares of 1p each | ||||||
Identification code | GB0007276115 | |||||||
b) | Nature of the transaction | Exercise of share options and sale of shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
25,000 share options exercised at 213.50p 25,000 ordinary shares sold at 425p | ||||||
e) | Date of the transaction | 26 April 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||