Last checked at 6 Sep 2016 12:16
Plastics Capital plc
(the "Company" or the "Group")
Issue of Equity and Directors' Shareholdings
Further to the Company's announcement on 25 August 2016, Plastics Capital (AIM: PLA), the niche plastics products group, announces that it has allotted 296,450 new ordinary shares of 1p each in the Company ("New Shares") to those shareholders who elected to receive the Scrip Dividend Alternative. The New Shares are expected to be admitted to AIM on 7 September 2016 ("Admission").
The following Directors have been allocated New Shares in the following amounts:
Director | New Shares acquired pursuant to Scrip Dividend Alternative | Resultant holding following Admission | Resultant holding (% of enlarged issued share capital following Admission) |
Faisal Rahmatallah (Chairman) | 35,516 | 2,754,067 | 7.73% |
Nick Ball (Group Finance Director) | 5,570 | 207,371 | 0.58% |
Richard Vessey (Non-Executive Director) | 68,313 | 2,542,920 | 7.13% |
Andrew Walker (Non-Executive Director) | 6,074 | 226,166 | 0.63% |
Following Admission, the Company will have 35,641,023 ordinary shares in issue admitted to trading on AIM. Following Admission, the above figure (35,641,023) may be used by shareholders 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 Company under the FCA's Disclosure and Transparency Rules.
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Faisal Rahmatallah
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chairman | ||||
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
| Scrip dividend | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
Single transaction
| ||||
e)
| Date of the transaction
| 5 September 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nick Ball
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Finance 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
| Scrip dividend | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
Single transaction
| ||||
e)
| Date of the transaction
| 5 September 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Vessey | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| 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
| Scrip dividend | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
Single transaction
| ||||
e)
| Date of the transaction
| 5 September 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andrew Walker | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| 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
| Scrip dividend | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
Single transaction
| ||||
e)
| Date of the transaction
| 5 September 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
Plastics Capital plc | Tel: 020 7978 0574 |
Faisal Rahmatallah, Chairman |
|
Nick Ball, Finance Director |
|
|
|
Cenkos Securities | Tel: 020 7397 8900 |
(Nomad and joint broker) Mark Connelly Callum Davidson |
|
|
|
Allenby Capital Limited (Joint broker) | Tel: 020 3328 5656 |
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 five 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.