15 Sep 2016 09:15
MARTINCO PLC
(the 'Company' or the 'Group')
Director Shareholding and Issue of Equity
MartinCo PLC, one of the UK's largest property franchises, announces that Ian Wilson, Chief Executive Officer, has exercised his option over 979,200 ordinary shares ("New Ordinary Shares") which had been granted under an Enterprise Management Incentive Share Option Plan, at an exercise price was 17.64 pence per share.
Accordingly, the application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 20 September 2016.
Following Admission, the Company will have 25,300,750 ordinary shares in issue admitted to trading on AIM. This figure may be used by shareholders as the denominator by which 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.
The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Ian Wilson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Martinco 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 1 penny each
ISIN: GB00BH0WFH67
| ||||
b)
| Nature of the transaction
| Exercise of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 14 September 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
Ends
For further information, please contact:
MartinCo PLC 01202 292829
Ian Wilson, Chief Executive Officer
David Raggett, Chief Financial Office
Cenkos Securities plc 0207 397 8925
Max Hartley (Nomad) ,Alex Aylen (Sales)
Bell Pottinger 020 3772 2500
David Rydell, Henry Lerwill
About MartinCo
MartinCo Group operates one of the UK's largest property franchise businesses through its 6 Franchise brands Martin & Co, CJ Hole, Parkers, Ellis & Co, Whitegates and EweMove.
The Group's franchisees manage approximately 46,300 properties on behalf of private clients.
MartinCo is a multiple award winning business and the Directors and senior management have over 100 years of combined residential letting and estate agency experience.
Propty Franchis (TPFG)