28 Jun 2018 16:50
The following amendment has been made to the Director/PDMR Shareholder announcement released on 27 June 2018 under RNS No 8251S.
Mr Laycock has sold, in aggregate, 95,936 (and not 108,184) ordinary shares in order to satisfy tax liabilities arising upon exercise of the award.
All other details remain unchanged.
The full amended text is shown below.
27 June 2018
Stobart Group Limited
('Stobart' or the 'Company)
Director/PDMR Shareholding
Stobart Group Limited announces that Richard Laycock, Executive Director, has exercised the entirety of the nil-cost 2014 LTIP Award which vested on 22 June 2018. Upon such exercise, Mr Laycock acquired, in aggregate, 204,120 ordinary shares. He has subsequently sold, in aggregate, 95,936 of such ordinary shares in order to satisfy tax liabilities arising upon exercise of the award.
Full details of the exercise and the subsequent sales are set out below.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries:
Stobart Group Limited C/o Redleaf Communications
Warwick Brady
Redleaf Communications +44 207 382 4730
Charlie Geller Stobart@redleafpr.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Richard Laycock | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Financial Officer | |||
b) | Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Stobart Group Limited | |||
b) | LEI | 213800BINQVRZFKA3E89 | |||
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 | ||||
Transaction 1 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Acquisition of 5149 ordinary shares on exercise of nil cost LTIP award | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 0.00 | 5149 |
|
d)
| Aggregated information |
| |||
- Aggregated volume |
| ||||
- Price |
| ||||
e) | Date of the transaction | 2018-06-22 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 2 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Sale of 2,420 ordinary shares to satisfy tax liability arising on exercise of LTIP award | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 2.47 | 1527 |
|
|
|
| 2.42 | 893 |
|
d)
| Aggregated information |
| |||
- Aggregated volume | 2420 | ||||
- Price | 2.45 | ||||
e) | Date of the transaction | 2018-06-22 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 3 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Acquisition of 24,523 ordinary shares on exercise of nil cost LTIP award | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 0.00 | 24523 |
|
d)
| Aggregated information |
| |||
- Aggregated volume |
| ||||
- Price |
| ||||
e) | Date of the transaction | 2018-06-25 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 4 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Sale of 11,526 ordinary shares to satisfy tax liabilty arising on exercise of LTIP award. | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 2.40 | 11526 |
|
d)
| Aggregated information |
| |||
- Aggregated volume | 11526 | ||||
- Price | 2.40 | ||||
e) | Date of the transaction | 2018-06-25 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 5 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Acquisition of 938 ordinary shares on exercise of nil cost LTIP award | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 0.00 | 938 |
|
d)
| Aggregated information |
| |||
- Aggregated volume | 938 | ||||
- Price | 0.00 | ||||
e) | Date of the transaction | 2018-06-26 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 6 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Sale of 441 ordinary shares to satisfy tax liability arising on exercise of LTIP award. | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 2.40 | 441 |
|
d)
| Aggregated information |
| |||
- Aggregated volume | 441 | ||||
- Price | 2.40 | ||||
e) | Date of the transaction | 2018-06-26 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 7 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Acquisition of 173,510 ordinary shares on exercise of nil cost LTIP award. | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 0.00 | 173510 |
|
d)
| Aggregated information |
| |||
- Aggregated volume | 173510 | ||||
- Price | 0.00 | ||||
e) | Date of the transaction | 2018-06-27 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||
Transaction 8 | |||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each in Stobart Group Ltd | |||
Identification code | ISIN: GB00B03HDJ73 | ||||
b) | Nature of the transaction | Sale of 81,549 ordinary shares to satisfy tax liability arising on exercise of LTIP award. | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
|
| 2.36 | 81549 |
|
d)
| Aggregated information |
| |||
- Aggregated volume | 81549 | ||||
- Price | 2.36 | ||||
e) | Date of the transaction | 2018-06-27 | |||
f) | Place of the transaction | London Stock Exchange - XLON | |||