Last checked at 7 Sep 2022 07:00
7 September 2022
Inspecs Group Plc
("Inspecs" the "Company" or "Group")
Director/PDMR Share Dealing
On 6 September 2022, Robin Totterman (Chief Executive Officer of the Group) and Chris Kay (Chief Financial Officer of the Group) (together, the "Transferors") each transferred Ordinary Shares of 1 pence each in the capital of the Company ("Ordinary Shares") to Marc Lefebvre and Chorus Services Limited (c/o Michael Zhang) (the "Transferees") in settlement of contractual share awards of Ordinary Shares granted by the Transferors to the Transferees on 24 February 2020 prior to the Company's initial public offering on 27 February 2020. The Ordinary Shares were transferred for nil consideration.
1. Details of the person discharging managerial responsibilities/person closely associated | |||||||
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a) Name |
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2. Reason for the notification | |||||||
a) Position/status |
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b) Initial notification / Amendment | Initial notification | ||||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) Name | Inspecs Group plc | ||||||
b) LEI | 2138008Z4S4DHR6NE933 | ||||||
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 1 pence | ||||||
b) Identification code | GB00BK6JPP03 | ||||||
c) Nature of the transaction | Transfer of 634,901 ordinary shares to Marc Lefebvre for nil consideration pursuant to the vesting of a share award. | ||||||
d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price | N/A | ||||||
f) Date of the transaction | 6 September 2022 | ||||||
g) Place of the transaction | Outside a trading venue | ||||||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||||
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a) Name |
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2. Reason for the notification | |||||||
a) Position/status |
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b) Initial notification / Amendment | Initial notification | ||||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) Name | Inspecs Group plc | ||||||
b) LEI | 2138008Z4S4DHR6NE933 | ||||||
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 1 pence | ||||||
b) Identification code | GB00BK6JPP03 | ||||||
c) Nature of the transaction | Transfer of 634,901 ordinary shares to Chorus Services Limited (c/o Michael Zhang) for nil consideration pursuant to the vesting of a share award. | ||||||
d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price | N/A | ||||||
f) Date of the transaction | 6 September 2022 | ||||||
g) Place of the transaction | Outside a trading venue | ||||||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||||
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a) Name |
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2. Reason for the notification | |||||||
a) Position/status |
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b) Initial notification / Amendment | Initial notification | ||||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) Name | Inspecs Group plc | ||||||
b) LEI | 2138008Z4S4DHR6NE933 | ||||||
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 1 pence | ||||||
b) Identification code | GB00BK6JPP03 | ||||||
c) Nature of the transaction | Transfer of 51,924 ordinary shares to Marc Lefebvre for nil consideration pursuant to the vesting of a share award. | ||||||
d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price | N/A | ||||||
f) Date of the transaction | 6 September 2022 | ||||||
g) Place of the transaction | Outside a trading venue | ||||||
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1. Details of the person discharging managerial responsibilities/person closely associated | |||||||
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a) Name |
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2. Reason for the notification | |||||||
a) Position/status |
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b) Initial notification / Amendment | Initial notification | ||||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) Name | Inspecs Group plc | ||||||
b) LEI | 2138008Z4S4DHR6NE933 | ||||||
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 1 pence | ||||||
b) Identification code | GB00BK6JPP03 | ||||||
c) Nature of the transaction | Transfer of 51,924 ordinary shares to Chorus Services Limited (c/o Michael Zhang) for nil consideration pursuant to the vesting of a share award. | ||||||
d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price | N/A | ||||||
f) Date of the transaction | 6 September 2022 | ||||||
g) Place of the transaction | Outside a trading venue | ||||||
For further information please contact:
Inspecs Group plc Robin Totterman (CEO) Chris Kay (CFO)
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Peel Hunt (Nominated Adviser and Broker) Adrian Trimmings Andrew Clark Lalit Bose | Tel: +44 (0) 20 7418 8900 |
FTI Consulting (Financial PR) Alex Beagley Harriet Jackson Alice Newlyn | Tel: +44 (0) 20 3727 1000 |
About Inspecs Group plc
INSPECS is a Bath-based designer, manufacturer and distributor of eyewear frames and optically advanced spectacle lenses. The Group produces a broad range of frames and lenses, covering optical, sunglasses and safety, which are either "Branded" (either under licence or under the Group's own proprietary brands), or "OEM" (including private label on behalf of retail customers as well as unbranded).
INSPECS aims to be the leader in eyewear solutions through its vertically-integrated business model and has adopted a three-pillar growth strategy to achieve this: (i) continue to grow organically; (ii) undertake further acquisitions (and drive value through leveraging the Group's internal capabilities); and (iii) extend the Group's manufacturing capacity.
The Group has completed several significant acquisitions since its IPO in February 2020. In December 2020, INSPECS acquired Eschenbach, a leading global eyewear supplier, headquartered in Nuremberg, Germany, which includes the American company Tura. This followed the acquisition of lens maker Norville in July 2020, whereby INSPECS combined two British heritage brands, Savile Row frame maker, and Norville lens maker, further enhancing its vertically-integrated business model. In December 2021 the Group acquired Ego Eyewear, a design and licensing company which uses third party eyewear manufacturers to produce premium fashion brands, and BoDe, a distributor of optical frames and sunglasses principally to the German and neighbouring markets.
INSPECS customers include global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries and reaching approximately 75,000 points of sale.
INSPECS has operations across the globe: with offices and subsidiaries in the UK, Germany, Portugal, Scandinavia, the US and China (including Hong Kong, Macau and Shenzhen), and manufacturing facilities in Vietnam, China, the UK and Italy. With the acquisition of Eschenbach, the Group's international reach further extends across Europe and the American markets.
More information is available at: https://inspecs.com