29 May 2019 12:38
News release
29 May 2019
Breedon Group plc
("Breedon", "the Company" or the "Group")
Further re: Intended Sale of Shares
Further to the Company's earlier announcement relating to the intended sale of shares by Peter Tom, the Company can confirm that 22 million ordinary shares have successfully been sold at 72.0 pence per share ("Sale"). As part of the Sale, Amit Bhatia (Non-Executive Chairman) subscribed for 10 million ordinary shares through Abicad Holding Limited ("Abicad"), meaning that Abicad will have an enlarged holding of approximately 308.9 million shares, representing 18.4 per cent. of the Company's issued share capital.
Pursuant to the Sale, Peter Tom (former Executive Chairman) is now interested in approximately 21.5 million ordinary shares, representing 1.3 per cent. of the issued share capital. Mr Tom has indicated his support for the Group and has confirmed he has no current intention to dispose of any further ordinary shares.
This announcement contains inside information.
Enquiries:
Breedon Group plc www.breedongroup.com
Pat Ward, Group Chief Executive 01332 694010
Rob Wood, Group Finance Director
Stephen Jacobs, Head of Communications 07831 764592
Cenkos Securities plc (NOMAD and Joint Broker)
Max Hartley 020 7397 8900
Numis Securities (Joint Broker)
Ben Stoop 020 7260 1000
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 | Abicad Holding Limited | ||||
2 | Reason for the notification | |||||
a) | Position/status | Person closely associated with Amit Bhatia, Non-Executive Chairman | ||||
b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Breedon Group plc | ||||
b) | LEI | 213800ZQKCIVCPN9H229 | ||||
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 no par value
JE00B2419D89 | ||||
b) | Nature of the transaction | Purchase of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information (if any)
- Aggregated volume
- Price |
10,000,000
£7,200,000.00 | ||||
e) | Date of transaction | 29 May 2019 | ||||
f) | Place of the transaction | AIMX | ||||
Breedon (BREE)