12 Feb 2019 16:53
12 February 2019
LEI No. 213800QIPVTK5ES5UU36
SCAPA GROUP PLC
('the Company')
Director/PDMR Shareholding
Notification and public disclosure of transactions by person discharging managerial responsibilities ('PDMR')
Scapa Group plc (AIM: SCPA) announces that it was notified on 12 February 2019 that Mr Heejae Richard Chae, Chief Executive Officer, has today sold 200,000 Ordinary shares in the Company at a price of 333p per share.
The sale of shares was primarily to satisfy a US tax liability.
Mr Chae's beneficial holding in the Company following the sale is as follows:-
Director | No. of Ordinary Shares held prior to Sale | No. of Ordinary Shares Sold | No. of Ordinary Shares held following Sale | Percentage of Issued Share Capital following Sale |
Heejae Richard Chae | 1,055,215 | 200,000 | 855,215 | 0.55% |
In addition, Mr Chae also currently has a beneficial interest in respect of 1,645,766 (1.06%) ordinary shares, under the Scapa Group plc 2015 Value Creation Plan. These shares have vested but will not be released until March 2020 and continue to be subject to the Plan rules.
The notification set out in the Annex below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such purchase.
ANNEX
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Heejae Richard Chae
|
2 | Reason for the notification
| |
a) | Position / status | Group Chief Executive
|
b) | Initial notification / amendment | Initial notification
|
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a) | Name | Scapa Group plc
|
b) | LEI
| 213800QIPVTK5ES5UU36 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
| |
a) | Description of financial instrument, type of instrument | Ordinary Shares of 5p each
|
| Identification Code
| GB0007281198
|
b) | Nature of the transaction | Sale of shares
|
c) | Price(s) and volume(s)
| Sale of 200,000 shares at 333p per share |
d) | Aggregated information - Aggregated volume - Price - Aggregated total
|
200,000 333p per share £666,000.00 |
e) | Date of the transaction
| 12 February 2019 |
f) | Place of the transaction
| London Stock Exchange, AIM |
For further information:
Scapa Group plc:
Wendy Baker +44 (0) 161 301 7400
Company Secretary
Numis Securities Limited: +44 (0) 20 7260 1000
Mark Lander/ Richard Thomas
(Joint Broker/Nominated Adviser)