7 Aug 2019 12:56
7 August 2019
MS INTERNATIONAL plc
(the "Company")
Director/PDMR Shareholding
The Company was informed on 7 August 2019 that on the same day, Mr Michael Bell, Executive Chairman, transfered 1,003,671 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") from his personal holding to Ms Adrienne Bell's personal holding ("Transfer"). The Transfer was at 209 pence per Ordinary Share.
Following the Transfer, Mr Bell holds 2,860,238 Ordinary Shares representing approximately 17.08% of the Company's issued share capital and Ms Bell holds 2,044,935 Ordinary Shares representing approximately 12.21% of the Company's issued share capital. The Transfer is part of a personal settlement under which Ms Bell has also agreed to give certain undertakings to Mr Bell in relation to the Ordinary Shares subject to the Transfer. These undertakings include a right of first refusual for Mr Bell and the Board to acquire Ordinary Shares from Ms Bell if she seeks to sell more than 10,000 Ordinary Shares in one transaction. In addition, Ms Bell has been granted certain information rights by Mr Bell in relation to specified Company corporate actions for the duration that Mr Bell is a director of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail of the Transfer.
Template for 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
| Mr Bell and Ms Bell | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Mr Bell is Executive Chairman of the Company
| ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| MS INTERNATIONAL plc | ||||
b)
| LEI
| 213800Q34ZAXQ582YL41 | ||||
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 10 pence each
ISIN: GB0005957005 | ||||
b)
| Nature of the transaction
| Transfer of Ordinary Shares from Mr Bell's personal holding to Ms Bell
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction | ||||
e)
| Date of the transaction
| 7 August 2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
For further information please contact:
MS INTERNATIONAL plc Tel: +44 (0)13 0232 2133
Michael Bell
Shore Capital
Nomad and Broker Tel: +44 (0)20 7408 4090Patrick Castle/Daniel Bush
Ms Intl. (MSI)