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26 Jan 2017 10:10
26 January 2017
SCAPA GROUP PLC
('the Company')
Director/PDMR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Scapa Group plc (AIM: SCPA), a global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets, was notified on 25 January 2017 that James Archibald Simpson Wallace, Group Chairman of the Company, sold 150,000 ordinary shares of 5 pence each in the share capital of the Company ('Ordinary Shares') at a price of 320 pence per Ordinary Share and 250,000 ordinary shares of 5 pence each in the share capital of the Company ('Ordinary Shares') at a price of 321 pence per Ordinary Share on 25 January 2017, as detailed below.
On 15 December 2016, Mr Wallace announced his retirement as Chairman of the Board of Scapa Group plc with effect from 31 March 2017, at which point Mr Larry Pentz will assume Chairmanship.
Following the sale Mr. Wallace holds 70,000 Shares in the Company.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | James Archibald Simpson Wallace
|
2 | Reason for the notification | |
a) | Position / status | Group Chairman
|
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 150,000 shares at 320p per share Sale of 250,000 shares at 321p per share |
d) | Aggregated information - Aggregated volume - Price |
n/a |
e) | Date of the transaction | 25 January 2017 |
f) | Place of the transaction | London |
For further information please contact:-
Graham Hardcastle Group Finance Director/Company Secretary
Scapa Group plc
Tel: 0161 301 7400
Richard Thomas Numis Securities Limited
Nominated Adviser and Joint Broker
Tel: 0207 260 1000
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