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23 Aug 2019 10:51
Norman Broadbent plc
("Norman Broadbent" or the "Company")
Shareholder Update and Director/PDMR Shareholding
Norman Broadbent (AIM: NBB) - a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services (Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Talent Solutions) - announces that it has been notified of several changes of shareholding in the Company and dealings by certain Directors and other PDMR's of the Company.
Garraway Capital Management LLP has today sold 3,881,578 Ordinary Shares in the Company and accordingly now hold no Ordinary Shares in the Company.
At the same time the following substantial shareholders have acquired Ordinary Shares in the Company. Details of the respective purchases, together with total resultant shareholdings, are as follows:
| Prior to acquisition |
| Resultant Holding | ||
Substantial Shareholder | Ordinary Shares | % of Issued Share Capital | Shares acquired | Ordinary Shares | % of Issued Share Capital |
Downing LLP | 13,838,331 | 25.68% | 837,966 | 14,676,297 | 27.24% |
Moulton Goodies Limited | 8,066,739 | 14.97% | 1,300,000 | 9,366,739 | 17.38% |
Pierce Augustan Casey | 6,287,505 | 11.67% | 500,000 | 6,787,505 | 12.60% |
The Company has also been notified that certain of the Directors and PDMRs of the Company purchased Ordinary Shares of the Company. Details of the respective purchases, together with total resultant shareholdings, are as follows:
| Prior to acquisition |
| Resultant Holding | ||
PDMR | Ordinary Shares | % of Issued Share Capital | Shares acquired | Ordinary Shares | % of Issued Share Capital |
Mike Brennan | 928,815 | 1.7% | 166,666 | 1,095,481 | 2.03% |
Will Gerrand | - | - | 66,667 | 66,667 | 0.12% |
Brian Stephens | 167,955 | 0.31% | 166,666 | 334,621 | 0.62% |
Fiona McAnena | 30,000 | 0.06% | 33,333 | 63,333 | 0.12% |
Angela Hickmore | - | - | 83,333 | 83,333 | 0.15% |
The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the PDMR transactions.
The Company is not a party to the above transactions and will not receive any proceeds relating to the trades.
Michael Brennan, CEO of Norman Broadbent, commented: "On behalf of the Board, I would like to thank those substantial Shareholders - Downing Capital, Jon Moulton, and Pierce Casey - for their continued support. I am also delighted that I, and a number of other Senior Directors and Non-Executive Directors, have been able to invest. Having such significant Shareholders and Senior Directors choosing to increase their stakes in the business is a sure sign of confidence in Norman Broadbent and our strategy"
For further information, please contact:
Norman Broadbent plcMike Brennan / Will Gerrand | 020 7484 0000 |
WH Ireland LimitedAdrian Hadden / Jessica Cave / Matthew Chan |
020 7220 1666 |
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 | Mike Brennan | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Norman Broadbent PLC | ||||
b) | LEI | 213800E5YN5TA934XA23 | ||||
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 1p each GB00B3VF4Y66 | ||||
b) | Nature of the transaction | Purchase of shares for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Purchase of 166,666 Ordinary Shares for 3 pence each, with a total price paid of £5,000 | ||||
e) | Date of the transaction | 23 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Will Gerrand | ||||
2 | Reason for the notification | |||||
a) | Position/status | CFO and COO | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Norman Broadbent PLC | ||||
b) | LEI | 213800E5YN5TA934XA23 | ||||
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 1p each GB00B3VF4Y66 | ||||
b) | Nature of the transaction | Purchase of shares for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Purchase of 66,667 Ordinary Shares for 3 pence each, with a total price paid of £2,000 | ||||
e) | Date of the transaction | 23 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Brian Stephens | ||||
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 | Norman Broadbent PLC | ||||
b) | LEI | 213800E5YN5TA934XA23 | ||||
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 1p each GB00B3VF4Y66 | ||||
b) | Nature of the transaction | Purchase of shares for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Purchase of 166,666 Ordinary Shares for 3 pence each, with a total price paid of £5,000 | ||||
e) | Date of the transaction | 23 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Fiona McAnena | ||||
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 | Norman Broadbent PLC | ||||
b) | LEI | 213800E5YN5TA934XA23 | ||||
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 1p each GB00B3VF4Y66 | ||||
b) | Nature of the transaction | Purchase of shares for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Purchase of 33,333 Ordinary Shares for 3 pence each, with a total price paid of £1,000 | ||||
e) | Date of the transaction | 23 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Angela Hickmore | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director of Norman Broadbent Interim Management | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Norman Broadbent PLC | ||||
b) | LEI | 213800E5YN5TA934XA23 | ||||
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 1p each GB00B3VF4Y66 | ||||
b) | Nature of the transaction | Purchase of shares for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Purchase of 83,333 Ordinary Shares for 3 pence each, with a total price paid of £2,500 | ||||
e) | Date of the transaction | 23 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
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