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2 May 2025 07:00
2 May 2025
Ramsdens Holdings PLC
("Ramsdens", the Group, or the "Company")
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Ramsdens, the diversified financial services provider, announces an exercise of employee options and sale of new ordinary shares in the capital of the Company ("Ordinary Share(s)"), including by certain persons discharging managerial responsibilities ("PDMRs").
The original grant of options took place on 17 March 2022 pursuant to the Company's Long Term Incentive Plan (the "Options"), over a total of 338,000 Ordinary Shares. The LTIP Awards were subject to the achievement of performance targets with 50% of any reward based on Earnings per Share growth and 50% of any award based on the delivery of Total Shareholder Return.
The vesting of these Options took place on 3 March 2025; however, as not all the performance targets were fully met, only 297,900 Ordinary Shares of a maximum of 338,000 vested.
Beneficiaries have exercised their Options over a total of 234,900 Ordinary Shares. Two beneficiaries have also exercised their options over a total of 11,250 Ordinary Shares from the Company's 2021 Long Term Incentive Plan. The total number of options exercised is therefore 246,150.
Following the exercise of Options, four PDMRs subsequently sold a total of 171,000 new Ordinary Shares. The number of Options exercised and Ordinary Shares subsequently sold, at an average price of £2.52 per Ordinary Share, by PDMRs, together with their resultant total beneficial holdings of Ordinary Shares, is set out below:
Director/PDMR Role | LTIP Options Exercised | Number of shares Sold | Resultant Shareholding |
Peter Kenyon, Chief Executive Officer | 90,000 | 90,000 | 1,152,507 |
Michael Johnson, Operations Director of trading subsidiary | 45,000 | 45,000 | 538,840 |
Jason Carr, IT Director of trading subsidiary | 18,000 | 18,000 | 126,250 |
Mark Smith, Finance Director of trading subsidiary | 18,000 | 18,000 | 36,324 |
Application has been made to the London Stock Exchange for the 246,150 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00am on 9 May 2025.
In accordance with the FCA's Disclosure Guidance and Transparency Rules 5.6.1, the Company confirms that, following Admission, its issued share capital will consist of 32,292,782 Ordinary Shares. The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 32,292,782.
The above figure may be used by shareholders as the denominator for the calculation 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.
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Peter Kenyon | ||||
2. | Reason for the notification
| ||||
a) | Position/status: Chief Executive Officer | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Exercise of Options
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 90,000 Aggregated average price: 1p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Peter Kenyon | ||||
2. | Reason for the notification
| ||||
a) | Position/status: Chief Executive Officer | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 90,000 Aggregated average price: 252p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Michael Johnson | ||||
2. | Reason for the notification
| ||||
a) | Position/status: Operations Director of trading subsidiary | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Exercise of Options
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 45,000 Aggregated average price: 1p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Michael Johnson | ||||
2. | Reason for the notification
| ||||
a) | Position/status: Operations Director of trading subsidiary | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 45,000 Aggregated average price: 252p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Jason Carr | ||||
2. | Reason for the notification
| ||||
a) | Position/status: IT Director of trading subsidiary | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Exercise of Options
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 18,000 Aggregated average price: 1p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Jason Carr | ||||
2. | Reason for the notification
| ||||
a) | Position/status: IT Director of trading subsidiary | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 18,000 Aggregated average price: 252p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Mark Smith | ||||
2. | Reason for the notification
| ||||
a) | Position/status: Finance Director of trading subsidiary | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Exercise of Options
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 18,000 Aggregated average price: 1p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name: Mark Smith | ||||
2. | Reason for the notification
| ||||
a) | Position/status: Finance Director of trading subsidiary | ||||
b) | Initial notification/Amendment: Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name: Ramsdens Holdings PLC | ||||
b) | LEI: 2138009OAUOROKMFPK95 | ||||
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: GB00BDR6V192
| ||||
b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
c) |
| ||||
d) | Aggregated information: Aggregated volume: 18,000 Aggregated average price: 252p | ||||
e) | Date of the transaction: 1 May 2025 | ||||
f) | Place of the transaction: Outside a trading venue
|
For further information please contact:
Enquiries:
Ramsdens Holdings PLC Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Panmure Liberum (Nominated Adviser and Broker) Tel: +44 (0) 20 3100 2000
Stephen Jones
Atholl Tweedie
Will King
Hudson Sandler (Financial PR) Tel: +44 (0) 20 7796 4133
Alex Brennan
Emily Brooker
About Ramsdens
Ramsdens is a growing, diversified, financial services provider and retailer, operating in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery.
Ramsdens does not offer unsecured high-cost short term credit.
Headquartered in Middlesbrough, the Group operates from 169 stores within the UK (including one franchised store) and has a growing online presence.
Ramsdens is fully FCA authorised for its pawnbroking and credit broking activities.
www.ramsdensplc.com
www.ramsdensjewellery.co.uk
www.ramsdenscurrency.co.uk www.ramsdenspawnbrokers.co.ukwww.ramsdensgoldbuying.co.uk
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