12 May 2017 12:00
12 May 2017
Waterman Group plc
("Waterman" or "the Company")
DIRECTOR & PDMR DEALINGS
Waterman Group plc, a leading engineering and environmental consultancy, announces the following dealing disclosures in respect of certain directors and a senior executive (discharging managerial responsibilities in Waterman, a "PDMR") of the Company.
Dealing disclosures
Pursuant to the terms of the conditional sale agreements ("CSAs") entered into between CTI Engineering Co., Limited ("CTI") and Nick Taylor (Chief Executive Officer) and Craig Beresford (Executive Director), respectively, further details of which were contained in the announcement of CTI's recommended cash offer for the Company released on 9 May 2017, Nick Taylor and Craig Beresford sold the following number of ordinary shares in the Company ("Ordinary Shares") to CTI at a price of 140p per Ordinary Share (the "CSA Sales"):
No. of Ordinary Shares sold to CTI pursuant to the CSAs | |
Nick Taylor | 166,078(1) |
Craig Beresford | 95,341(2) |
(1) This sale includes 42,438 Ordinary Shares held by Mr Taylor's spouse
(2) This sale includes 31,341 Ordinary Shares held by Mr Beresford's spouse
Furthermore, on 11 May 2017 Nick Taylor sold an additional 42,990 Ordinary Shares, previously held in his ISA, at a price of 140p per share. These Ordinary Shares were sold on-market. On the same day, Craig Beresford sold 1,782 Ordinary Shares, previously held on trust as part of the Company's profit share scheme, to CTI at a price of 140p per share.
Finally, the Company confirms, following notification received on 10 May 2017, that the following Directors and PDMR acquired the number of Ordinary Shares shown below through their participation in the Company's HMRC compliant share incentive plan on 8 May 2017, at a price of 76.29p per Ordinary Share:
Director | No. of Ordinary Shares purchased pursuant to the share incentive plan |
Nick Taylor | 197 |
Alex Steele | 197 |
PDMR | No. of Ordinary Shares purchased pursuant to the share incentive plan |
Neil Humphrey | 196 |
Resultant holdings of Ordinary Shares
The Company confirms, following the Ordinary Share sales and purchases detailed above, that the shareholdings of the respective directors and PDMR are as follows:
Director | No. of Ordinary Shares held | Percentage of voting share capital held |
Nick Taylor | 5,265 | 0.017 |
Alex Steele | 4,544 | 0.015 |
Craig Beresford | 21,472 | 0.070 |
PDMR | No. of Ordinary Shares held | Percentage of voting share capital held |
Neil Humphrey | 18,168 | 0.059 |
For further information, call:
Waterman Group plc
Marie-Anne Culnane, Company Secretary
033-0060-4808
www.watermangroup.com
N+1 Singer
Nick Owen / Sandy Fraser
020-7496-3000
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nick Taylor
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 9 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nick Taylor
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 11 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nick Taylor
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Purchase of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 8 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nicole Taylor
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PCA of Nick Taylor (Chief Executive Officer) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 9 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Craig Beresford
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Executive Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 9 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Craig Beresford
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Executive Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 11 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Sarah Beresford
| ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PCA of Craig Beresford (Executive Director) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 9 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Alex Steele | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Purchase of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 8 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Neil Humphrey | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR (Chief Operating Officer) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Waterman Group plc | ||||
b)
| LEI
| 213800KDXZ8ZTL191U40 | ||||
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 10p each
GB0009422543
| ||||
b)
| Nature of the transaction
| Purchase of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 8 May 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||