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Last checked at 
7 Apr 2017 17:04
Tristel plc
("Tristel" or "the Company")
£5.8m placing of 3,329,371 new and existing Ordinary Shares
Exercise of Options
Director Dealing
Tristel plc (AIM: TSTL), the manufacturer of infection prevention, contamination control and hygiene products, is pleased to announce that in order to satisfy market demand and broaden the institutional shareholder base of the Company, finnCap, as the Company's broker, have conducted a placing of 3,086,871 existing ordinary shares of 1 penny each in the Company and 242,500 new Ordinary Shares (the "Placing Shares" and the "Placing") with new and existing institutional investors.
The Placing Shares have been sold on behalf of certain directors of the Company (the "Vendors"). The Placing Shares were sold at a price of 175 pence per share and represent, in aggregate, 7.79 per cent. of the issued share capital of the Company.
Included in the shares sold by the Vendors are 242,500 Ordinary Shares sold by Paul Swinney, pursuant to an exercise of options under the Tristel plc Performance Share Plan 2009 ("the 2009 Option Plan").
Subsequent to the Placing, the Vendors revised shareholdings are set out below:
Vendors | Placing Shares sold | Resultant shareholding | ||
| Number of Ordinary Shares | % of Issued Share Capital | Number of Ordinary Shares | % of Issued Share Capital |
Francisco Soler* | 2,500,000 | 5.85% | 8,413,834 | 19.70% |
Paul Swinney** | 689,371 | 1.61% | 483,129 | 1.13% |
Paul Barnes | 140,000 | 0.33% | 590,180 | 1.38% |
*Includes family and related corporate vehicles
**following the sale of 242,500 Ordinary Shares pursuant to the exercise of options under the 2009 Option Plan, Paul Swinney now holds 1,156,679 options, representing 2.71% of the issued share capital.
Application has been made for the 247,500 new Ordinary Shares to be admitted to trading on AIM ("Admission"), including 5,000 new Ordinary Shares pursuant to the exercise of employee share options. The employee options are not being sold as part of the Placing and dealings in 247,500 new Ordinary Shares are expected to commence on 12 April 2017. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
The total number of Ordinary Shares in issue following Admission will be 42,718,917. Accordingly, the figure of 42,718,917 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 Guidance and Transparency Rules.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Tristel plc | Tel: 01638 721 500 |
Paul Swinney, Chief Executive Officer | |
Liz Dixon, Finance Director | |
Walbrook PR Ltd | Tel: 020 7933 8780 or tristel@walbrookpr.com |
Paul McManus | Mob: 07980 541 893 |
Lianne Cawthorne | Mob: 07854 391 303 |
finnCap | Tel: 020 7220 0500 |
Geoff Nash (Corporate Finance) | |
Giles Rolls (Corporate Finance) | |
Alice Lane (Corporate Broking) |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Francisco Soler | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification/Amendment |
| ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tristel 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 | GB00B07RVT99 | |||||
b) | Nature of the transaction |
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Sale of 2,500,000 ordinary shares of 1p pence at £1.75 per ordinary share | ||||
e) | Date of the transaction | 7 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
5. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Barnes | ||||
6. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification/Amendment |
| ||||
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tristel plc | ||||
b) | LEI | n/a | ||||
8. | 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 | GB00B07RVT99 | |||||
b) | Nature of the transaction |
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Sale of 140,000 ordinary shares of 1p pence at £1.75 per ordinary share | ||||
e) | Date of the transaction | 7 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
9. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Paul Swinney | ||||||
10. | Reason for the Notification | |||||||
a) | Position/status | PDMR | ||||||
b) | Initial notification/Amendment |
| ||||||
11. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Tristel plc | ||||||
b) | LEI | n/a | ||||||
12. | 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 | GB00B07RVT99 | |||||||
b) | Nature of the transaction |
| ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
Exercise of 242,500 share options Sale of 689,371 ordinary shares of 1p pence at £1.75 per ordinary share
| ||||||
e) | Date of the transaction | 7 April 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
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