Last checked at 16 Jun 2017 16:36
FOR IMMEDIATE RELEASE 16 June 2017
MOLINS PLC
(the "Company")
Director/PDMR Dealings
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name | David Cowen - Group Finance Director |
2
| Reason for the notification | |
a)
| Position/status
| See 1(a) above - Mr Cowen classified as a PDMR of the Company |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Molins PLC |
b) | LEI | |
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 25p each ("Ordinary Shares") |
b) | Identification code
| GB0005991111
|
c)
| Nature of the transaction(s)
| Transfer of Ordinary Shares to Mr Cowen by the Molins PLC Employee Trust ("Trust") upon exercise of a conditional grant over Ordinary Shares awarded on 27 February 2014 under the Molins PLC Deferred Share Plan. Subsequent sale by Mr Cowen of Ordinary Shares back to the Trust. |
d)
| Price(s) and volume(s) | (a) In respect of the transfer to Mr Cowen: Volume(s): 42,000 Ordinary Shares Price: £nil (b) In respect of the sale by Mr Cowen: Volume(s): 21,000 Ordinary Shares Price: 119.0 pence per Ordinary Share |
e)
| Aggregated information - Aggregated volume - Price | N/A
|
f)
| Date of the transactions | 15 June 2017 |
g)
| Place of the transaction | Outside a trading venue |
Mr Cowen's beneficial interest following this transaction is now in 144,519 Ordinary Shares, representing 0.7% of the Company's issued share capital.
Name of authorised official of issuer responsible for making notification:
Nick Eland
Company Secretary to Molins PLC
For further information, please contact:
Molins PLC Nick Eland, Company Secretary
| Tel: +44(0)1908 246870 |
Panmure Gordon (UK) Limited (NOMAD) Andrew Potts/ Peter Steel - Corporate Finance James Stearns - Corporate Broking | Tel: +44(0)20 7886 2500
|
Hudson Sandler Nick Lyon, Jasper Bartlett | Tel: +44(0)20 3178 6378 |