Last checked at 13 Jul 2017 07:02
13 July 2017
Marlowe plc
(the "Company")
Director/PDMR Shareholding
Further to the announcement of the Placing, the Company notifies that, on 12 July 2017, Nigel Jackson, Executive Director, agreed to sell 1,000,000 Ordinary Shares of 50 pence each in the capital of the Company at a price of 385 pence per share, in order to satisfy excess demand from institutional investors. Mr Jackson was the sole shareholder of Fire & Security (Group) Limited, which was acquired by the Company on 1 April 2016 pursuant to the Acquisition Agreement and Lock-In Agreement described in the Admission Document dated 29 February 2016. The sale of Ordinary Shares is expected to complete on or around 31 July 2017.
Following completion of the sale, Mr Jackson will hold 2,500,000 Ordinary Shares, which will represent approximately 7.23 per cent. of the Enlarged Share Capital of the Company, subject to approval of the Ordinary and Special Resolutions set out in the Circular which is expected to be posted to shareholders today. Capitalised terms used, but not defined in this announcement shall have the same meaning as set out in the Circular.
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
| Nigel Keith Jackson
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| 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
| Marlowe plc | ||||
b)
| LEI
| N/A | ||||
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 50 pence each
ISIN: GB00BD8SLV43
| ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares of 50 pence each | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,000,000
£3.85
| ||||
e)
| Date of the transaction
| 12 July 2017 | ||||
f)
| Place of the transaction
| XLON | ||||
For further information:
Marlowe plc | |
Alex Dacre, Chief Executive | Tel: +44 (0) 203 813 8498 |
IR@marloweplc.com | |
Cenkos Securities plc (Nominated Adviser and Broker) | |
Nicholas Wells, Elizabeth Bowman | Tel: +44 (0)20 7397 8900 |
FTI Consulting | |
Nick Hasell, Alex Le May | Tel: +44 (0)20 3727 1340 |