Last checked at 9 Aug 2017 09:52
9 August 2017
Company Name' announcement released on 9 August 2017 at 8:18am under RNS No 4966N has been amended.
Amendments are identified with an asterisk (*).
The full amended text is shown below.
Portmeirion Group PLC
(the "Company")
Exercise of Options and PDMR Shareholdings
The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "Option Plans") Exercises
The Company announces that, on 8 August 2017, the following persons discharging managerial responsibilities ("PDMRs") exercised options over ordinary shares of 5 pence each in the Company ("Ordinary Shares") which were granted pursuant to the Option Plans as detailed below:
Date of Grant | Exercise Price per Ordinary Share in pence | Number of options exercised | |
Philip Atherton | 2 May 2013 | 610 | 30,000 |
Philip Atherton | 30 April 2014 | 740 | 30,000 |
Lawrence Bryan | 2 May 2013 | 610 | 45,000 |
Lawrence Bryan | 30 April 2014 | 740 | 45,000 |
Michael Knapper | 30 April 2014 | 740 | 10,000 |
Moira MacDonald | 30 April 2014 | 740 | 4,000* |
Total | 164,000 |
Subsequently the Company was notified on 8 August 2017 that The Portmeirion Employees' Share Trust (the "Trust"), on 8 August 2017, transferred 78,929 Ordinary Shares to the Executive Directors following the exercise of certain options as detailed above. In addition, on 8 August 2017, the Company issued 85,071 Ordinary Shares for the balance of the exercise of certain options as detailed above.
Application has been made for the issued 85,071 Ordinary Shares to be admitted to trading on AIM ("Admission") and trading of these Ordinary Shares is expected to commence on or around 15 August 2017.
Following Admission, the total number of Ordinary Shares held by the Company in treasury is 237,743, and the Company will have 11,090,104 Ordinary Shares in issue and 10,852,361 Ordinary Shares with voting rights. The figure of 10,852,361 Ordinary Shares may be used by shareholders of Portmeirion Group PLC as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
PDMR Shareholdings
Furthermore, on 8 August 2017, the PDMRs sold the following number of Ordinary Shares immediately upon the exercise of certain options, and in the case of Philip Atherton and Michael Knapper, who are building their shareholding in the Company, the amount being sufficient to pay the balance of associated costs and liabilities of exercise:
Number of Ordinary Shares received upon exercise of options | Number of Ordinary Shares sold | Sale Price per Ordinary Share in pence | Total number of Ordinary Shares held at Admission | Percentage of Company's issued share capital at Admission | |
Philip Atherton | 60,000 | 49,843 | £9.65 | 10,549 | 0.10 |
Lawrence Bryan | 90,000 | 90,000 | £9.65 | 143,667 | 1.32 |
Michael Knapper | 10,000 | 8,663 | £9.65 | 1,337 | 0.01 |
Moira MacDonald | 4,000 | 3,347 | £9.65 | 2,153 | 0.02 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||
a) | Name
| Philip Atherton - Group Sales & Marketing Director Lawrence Bryan - Chief Executive Michael Knapper - Operations Director Moira MacDonald - Group Company Secretary
| ||||||||||||||||||||
2. | Reason for the notification | |||||||||||||||||||||
a) | Position/status | See 1(a) above for all positions - all classified as PDMRs 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 | Portmeirion Group PLC | ||||||||||||||||||||
b) | LEI | 2138003QC9J6TLZJHO70 | ||||||||||||||||||||
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 | Ordinary Shares of 5 pence each | ||||||||||||||||||||
b) | Identification code | GB0006957293 | ||||||||||||||||||||
c) | Nature of the transactions | (A) Exercise of options over Ordinary Shares (B) Sale of Ordinary Shares
| ||||||||||||||||||||
d) | Price(s) and volume(s) | In respect of (A): Price Exercise price of 610 pence per Ordinary Share for options granted on 2 May 2013 and 740 pence per Ordinary Share for options granted on 30 April 2014 Volume(s) Philip Atherton - Options over 30,000 Ordinary Shares at 610 pence per Ordinary Share and 30,000 Ordinary Shares at 740 pence per Ordinary Share. Lawrence Bryan - Options over 45,000 Ordinary Shares at 610 pence per Ordinary Share and 45,000 Ordinary Shares at 740 pence per Ordinary Share. Michael Knapper - Options over 10,000 Ordinary Shares at 740 pence per Ordinary Share. Moira MacDonald - Options over 4,000 Ordinary Shares at 740 pence per Ordinary Share.
In respect of (B): Price - 965 pence per Ordinary Share Volume(s) Philip Atherton - 49,843 Ordinary Shares Lawrence Bryan - 90,000 Ordinary Shares Michael Knapper - 8,663 Ordinary Shares Moira MacDonald - 3,347 Ordinary Shares
| ||||||||||||||||||||
e) | Aggregated information - Aggregated volume - Price |
In respect of (A):
In respect of (B):
| ||||||||||||||||||||
f) | Date of the transactions | 8 August 2017 | ||||||||||||||||||||
f) | Place of the transactions | (A) Off-market (B) London Stock Exchange, AIM Market (XLON) | ||||||||||||||||||||
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC: | ||
Dick Steele | +44 (0) 1782 744 721 | steele_clan@msn.com |
Non-executive Chairman Mike Raybould |
+44 (0) 1782 744 721 |
mraybould@portmeiriongroup.com |
Group Finance Director
| ||
Bell Pottinger: | ||
Dan de Belder Robert McGowan Stuart | +44 (0) 203 772 2561 +44 (0) 203 772 2553 | ddebelder@bellpottinger.com rmcgowanstuart@bellpottinger.com |
Panmure Gordon (Nominated Adviser and Broker): |
+44 (0) 207 886 2500 | |
Freddy Crossley/ Duncan Monteith | Corporate Finance | |
Tom Salvesen | Corporate Broking |
Cantor Fitzgerald Europe (Joint Broker): |
+44 (0) 207 894 7000 | |
Catherine Leftley /Marc Milmo | Corporate Finance | |
David Banks | Sales |