Last checked at 11 Jan 2017 14:38
Plastics Capital plc
(the "Company" or the "Group")
Director/PDMR Dealing
Plastics Capital (AIM: PLA), the niche plastics products group, was informed today that, on 30th December 2016, the directors of the Company listed in the table below (the "Directors") were issued a total of 106,718 ordinary shares of 1p each in the Company ("Ordinary Shares") to satisfy final payment due pursuant to the Company's Long Term Incentive Plan ("LTIP") put in place during 2010/11. The shares were transferred to the Directors from the Company's existing employee benefit trust. Further detail is set out below.
Director/PDMR notification
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||
a)
| Name
| 1. Nicholas Ball 2. Andrew Walker 3. Richard Vessey 4. Keith Butler-Wheelhouse | ||||||||||
2
| Reason for the notification
| |||||||||||
a)
| Position/status
| 1. Group Finance Director 2. Non-Executive Director 3. Non-Executive Director 4. Non-Executive Director | ||||||||||
b)
| Initial notification /Amendment
|
Initial notification | ||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||
a)
| Name
| Plastics Capital plc | ||||||||||
b)
| LEI
| N/A | ||||||||||
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
Identification code
| Ordinary shares of 1p each in the capital of Plastics Capital plc
Company ISIN: GB00B289KK20 | ||||||||||
b)
| Nature of the transaction
| Award of Ordinary Shares under Company's Long Term Incentive Plan.
| ||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
106,718 Ordinary Shares
Nil consideration | ||||||||||
e)
| Date of the transaction
| 30 December 2016 | ||||||||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||||||||
Enquiries:
Plastics Capital plc | Tel: 020 7978 0574 |
Faisal Rahmatallah, Chairman |
|
Nick Ball, Finance Director |
|
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|
Cenkos Securities | Tel: 020 7397 8900 |
(Nomad and joint broker) Mark Connelly Callum Davidson |
|
|
|
Allenby Capital Limited | Tel: 020 3328 5656 |
(Joint broker) David Hart |
|
Katrina Perez |
|
|
|
Walbrook PR Ltd | Tel: 020 7933 8780/plastics@walbrookpr.com |
Paul Cornelius | Mob: 07866 384 707 |
Helen Cresswell | Mob: 07841 917 679 |
Notes to Editor
Plastics Capital is a niche manufacturer of specialist plastic products. Applications for these products vary widely and examples include:
· Packaging for the food manufacturing and distribution - films, sacks and pouches
· Steering columns and instrument control knobs in the automotive industry - plastic ball bearings
· Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
· Cardboard box manufacture - plastic creasing matrices
Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further three factories in Asia. Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.