19 Dec 2019 16:09
19 December 2019
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
The Company announces that Kevin Hayes, Chief Financial Officer (a PDMR), sold 200,000 ordinary shares of 0.003 pence each ("Ordinary Shares") at a price of 253p on 16 December 2019 and further sold 150,000 Ordinary Shares at a price of 254p on 17 December 2019.
Following this notification, Kevin Hayes holds 438,705 Ordinary Shares representing approximately 0.51% of the total shareholding in the Company.
Following these trades, on 18 December 2019 Kevin Hayes transferred 67,000 Ordinary Shares to his Self-Invested Personal Pension ("SIPP"). This transfer to his SIPP resulted in no change in the beneficial ownership by Mr Hayes of the Ordinary Shares of the Company.
Formal notification in respect of the PDMR is set out below in accordance with the requirements of the Market Abuse Regulation.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior Counsel and Group Company Secretary
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kevin Hayes
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PDMR | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| River and Mercantile Group PLC | |||
b)
| LEI
| 2138005C7REHURGWHW31 | |||
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 £0.003 pence each
| |||
|
| ||||
Identification code | GB00BLZH7X42 | ||||
|
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b)
| Nature of the transaction
| Sale of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| 253p | 200,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 200,000 | ||||
|
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- Price | £506,000 | ||||
|
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e)
| Date of the transaction
| 16 December 2019 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kevin Hayes
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PDMR | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| River and Mercantile Group PLC | |||
b)
| LEI
| 2138005C7REHURGWHW31 | |||
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 £0.003 pence each
| |||
|
| ||||
Identification code | GB00BLZH7X42 | ||||
|
| ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| 254p | 150,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 150,000 | ||||
|
| ||||
- Price | £381,00 | ||||
|
| ||||
e)
| Date of the transaction
| 17 December 2019 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kevin Hayes
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PDMR | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| River and Mercantile Group PLC | |||
b)
| LEI
| 2138005C7REHURGWHW31 | |||
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 £0.003 pence each
| |||
|
| ||||
Identification code | GB00BLZH7X42 | ||||
|
| ||||
b)
| Nature of the transaction
| 1. Sale of Ordinary Shares 2. Purchase of Ordinary Shares (SIPP) | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
1. £2.545 | 1. 67,000 | ||||
2. £2.545 | 2. 67,000 | ||||
d)
| Aggregated information | Price | Volume | Total | |
| |||||
- Aggregated volume | 1.£2.545 | 1. 67,000 | 1. 170,515 | ||
| |||||
- Price | 2.£2.545 | 2.67,000 | 2. 170,515 | ||
| |||||
e)
| Date of the transaction
| 18 December 2019 | |||
f)
| Place of the transaction
| London Stock Exchange | |||