3 Jul 2019 13:50
3 July 2019
The 600 Group Plc
("600 Group" or "the Group")
PDMR Share Dealings
The Board of 600 Group today confirms that further to the announcement of the acquisition of Control Micro Systems Inc. the shares issued to Mr Tim Miller as part of the consideration have now been admitted to trading on AIM. Following the admission of the shares Mr Miller is interested in a total of 4,500,000 ordinary shares in the Company, representing 3.83% of the total voting rights.
Following the admission of the new shares the total issued share capital of the Company is 117,473,341.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
The 600 Group PLC Paul Dupee, Executive Chairman Neil Carrick, Finance Director
| Tel: 01924 415000 |
Instinctif Partners Mark Garraway James Gray | Tel: 0207 457 2020 |
Spark Advisory Partners Limited (NOMAD) Matt Davis Miriam Greenwood
| Tel: 020 3368 3553 |
WH Ireland (Broker) Harry Ansell
| Tel: 020 7220 1666 |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
About The 600 Group PLC
The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principal areas of activities:
Machine Tools
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products and taper roller bearings are sold via specialist distributors to OEMs, including other machine builders.
Industrial Laser Systems
Industrial laser systems are a technologically superior alternative to ink jet marking. It requires no consumables and can operate on a continuous high speed basis when integrated into customers' production lines. The business has its own technology and proprietary software. Customer applications are diverse and range from telecommunications to pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.
More information on the Group can be viewed at: www.600group.com
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Timothy Miller
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Subsidiary Managing Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| The 600 Group PLC | |||
b)
| LEI
| 213800XECL92PYA1IK97 | |||
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 | |||
Identification code | |||||
GB00008121641 | |||||
b)
| Nature of the transaction
| Issue of shares on Acquisition (consideration shares) | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£nil | 4,500,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 4,500,000 | ||||
- Price | £nil | ||||
e)
| Date of the transaction
| 28 June 2019 | |||
f)
| Place of the transaction
| London Stock Exchange XLON | |||