Last checked at 16 Mar 2018 14:22
Plastics Capital plc
(the "Company" or the "Group")
Director/PDMR Dealing
The Company has been informed today that Keith Butler-Wheelhouse, Non-Executive Director, on 15 March 2018 purchased 12,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 121.6p per share and on 16 March 2018 purchased 28,500 Ordinary Shares at a price of 122p per share, resulting in an aggregate purchase of 41,000 Ordinary Shares. Following these transactions, Mr Butler-Wheelhouse now has an interest in 289,798 Ordinary Shares, representing approximately 0.74 per cent. of the Company's issued ordinary share capital.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
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Keith Butler-Wheelhouse | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Non-Executive Director | ||||||
b)
| Initial notification /Amendment
| Initial | ||||||
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
ISIN: GB00B289KK20
| ||||||
b)
| Nature of the transaction
| Purchase of ordinary shares of 1p each | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
41,000
121.878049p | ||||||
e)
| Date of the transactions
| 15 March 2018 and 16 March 2018 | ||||||
f)
| Place of the transactions
| London Stock Exchange | ||||||
Plastics Capital plc | Tel: 020 7978 0574 |
Faisal Rahmatallah, Chairman |
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Nick Ball, Finance Director |
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Cenkos Securities | Tel: 020 7397 8900 |
(Nomad and joint broker) Mark Connelly Callum Davidson |
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Allenby Capital Limited | Tel: 020 3328 5656 |
(Joint broker) David Hart |
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Katrina Perez |
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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 £77 million sales are made outside the UK to more than 80 countries.
Further information can be found on www.plasticscapital.com