7 Sep 2017 09:20
WYG plc ("the Company")
PDMR Shareholding
On 6 September 2017, the Company was notified that on that day Mike McTighe, Chairman, exercised all his outstanding 1,075,162 options under the Transformation Incentive Plan and sold the resulting shares in the market at a price of 64 pence each.
Following this transaction, Mr McTighe holds 200,000 Ordinary Shares in the Company and has no outstanding options.
WYG has 70,973,267 Ordinary Shares in issue.
Note: Mr McTighe's options under the Transformation Incentive Plan included his 500,000 options under the Chairman's Matching Share Award granted at the time of the Company's refinancing in July 2011.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transaction.
Benjamin Whitworth
Company Secretary
WYG plc
Tel: 0113 278 7111
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 | Mike McTighe | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman, WYG plc | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | WYG plc | ||||
b) | LEI | 2138003OYDPIPAK8CK51 | ||||
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 0.01p
ISIN for WYG plc Ordinary Shares: GB00B5N5WH70
| ||||
b) | Nature of the transaction | Disposal of Ordinary Shares by a PDMR | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,075,162 £0.64 | ||||
e) | Date of the transaction | 6 September 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||