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Director/PDMR Shareholding

27 Apr 2017 14:13

RNS Number : 5846D
Majestic Wine PLC
27 April 2017
 

For Immediate Release 27 April 2017

 

 

Majestic Wine PLC

("Majestic")

 

Issue of deferred consideration shares

Director/PDMR Shareholdings

 

As announced on 25 April 2017, return on investment performance conditions relating to the deferred contingent consideration for the first year of the Naked Wines acquisition earn-out have been met in full.

 

In line with the timing and amounts outlined in the 2015 acquisition agreement, 434,115 new ordinary shares of 7.5p each in the Company ("Ordinary Shares") have now been issued to 29 members of Naked Wines management through an Employee Benefit Trust.

 

Four PDMR's (Persons Discharging Managerial Responsibilities) are included in the 29 members of the management team and have notified the Company of the following transactions in order to cover Tax and National Insurance liabilities: 

Name

Title

Number of Ordinary Shares awarded

Number of Ordinary Shares sold to cover tax liabilities

Sale price per Ordinary Share

Total number of Ordinary Shares held

James Crawford

Chief Financial Officer

53,614

 

25,294

 

£3.72

42,320

Derek Hardy

Chief Technology Officer

85,729

 

35,563

 

£3.72

86,148

Eamon Fitzgerald

Managing Director Naked Wines UK

70,547

 

33,281

 

£3.72

37,266

Greg Banbury

Managing Director Naked Wines Australia

2,707

1,340

£3.72

25,686

 

In addition, following the satisfaction of performance criteria, a third of the following PDMR's consideration shares that were issued at the time of the acquisition in 2015 but were restricted from being traded, have now become unrestricted:

 

Name

Title

Number of Ordinary Shares unrestricted

Total number of Ordinary Shares held

Rowan Gormley

Chief Executive Officer

1,724,345

 

4,528,881

Derek Hardy

Chief Technology Officer

9,853

86,148

Luke Jecks

Managing Director Naked Wines USA

102,995

 

308,985

Greg Banbury

Managing Director Naked Wines Australia

8,106

25,686

 

The notifications below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulations.

For further information, please contact:

Majestic Wine PLC

Rowan Gormley, Chief Executive Officer

James Crawford, Chief Financial Officer

Gabriella Clinkard, Public & Investor Relations

 

Tel: 01923 298 200

 

 

Tel: 07891 206239

gabby.clinkard@majestic.co.uk

 

Investec (NOMAD & Joint Broker)

Garry Levin / David Flin / David Anderson/Carlton Nelson

 

Tel: 0207 597 5970

 

Liberum (Joint Broker)

Peter Tracey / Anna Hartropp / Richard Bootle

 

Tel: 020 3100 2222

 

MAJESTIC WINE PLC

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

James Crawford

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

 

Majestic Wine PLC

b)

LEI

 

213800PRRI453CKM5429

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 7.5p

 

 

 

 

 

 

GB00B021F836

b)

Nature of the transaction

 

1) Vesting of Naked Wines acquisition incentive award shares

2) Sale of Ordinary Shares to meet tax and National Insurance liabilities

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

1) Nil

2) GBP 3.72

1) Shares awarded: 53,614

2) Shares sold: 25,294

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

2 ) 25,249

 

 

2 ) 372p

e)

Date of the transaction

 

 

27 April 2017

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

 

MAJESTIC WINE PLC

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Derek Hardy

2

Reason for the notification

 

a)

Position/status

 

Chief Technology Officer

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Majestic Wine PLC

b)

LEI

 

213800PRRI453CKM5429

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 7.5p

 

 

 

 

 

 

GB00B021F836

b)

Nature of the transaction

 

1) Vesting of Naked Wines acquisition incentive award shares

2) Sale of Ordinary Shares to meet tax and National Insurance liabilities

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

1) Nil

2) GBP 3.72

1) Shares awarded: 85,729

2) Shares sold: 35,563

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

2 ) 35,563

 

 

2 ) 372p

e)

Date of the transaction

 

 

27 April 2017

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

MAJESTIC WINE PLC

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Eamon Fitzgerald

2

Reason for the notification

 

a)

Position/status

 

Managing Director, Naked Wines UK

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Majestic Wine PLC

b)

LEI

 

213800PRRI453CKM5429

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 7.5p

 

 

 

 

 

 

GB00B021F836

b)

Nature of the transaction

 

1) Vesting of Naked Wines acquisition incentive award shares

2) Sale of Ordinary Shares to meet tax and National Insurance liabilities

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

1) Nil

2) GBP 372p

1) Shares awarded: 70,547

 

2) Shares sold: 33,281

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

2 ) 33,281

 

 

2 ) 372p

e)

Date of the transaction

 

 

27 April 2017

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

MAJESTIC WINE PLC

DIRECTOR/PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Greg Banbury

2

Reason for the notification

 

a)

Position/status

 

Managing Director, Naked Wines Australia

b)

Initial notification/ Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

Majestic Wine PLC

b)

LEI

 

213800PRRI453CKM5429

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 7.5p

 

 

 

 

 

 

GB00B021F836

b)

Nature of the transaction

 

1) Vesting of Naked Wines acquisition incentive award shares

2) Sale of Ordinary Shares to meet tax and National Insurance liabilities

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

1) Nil

2) GBP 3.72

1) Shares awarded: 2,707

2)Shares sold: 1,340

 

 

 

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

2 ) 1,340

 

2 ) 372p

e)

Date of the transaction

 

 

27 April 2017

f)

Place of the transaction

 

 

London Stock Exchange (XLON); AIM Market

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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