31 Oct 2016 16:11
31 October 2016
Conviviality Plc
(the "Company")
Issue of Equity and Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces that the Board of the Company has issued 417,695 ordinary shares of £0.0002 each in the Company ("Ordinary Shares") to employees under the Conviviality Retail Share Incentive Plan ("SIP"). The Ordinary Shares are to be issued as free share awards under the SIP at a price of £2.02 each.
As part of the awards made under the SIP, the following Ordinary Shares have been issued to Diana Hunter and Andrew Humphreys:
PDMR | Number of new Ordinary Shares issued as part of the SIP | Date of award |
Diana Hunter | 1,485 | 24 October 2016 |
Andrew Humphreys | 1,485 | 24 October 2016 |
Under the rules of the SIP and except in certain circumstances, there is a holding period of three years during which an employee cannot withdraw the free shares from the SIP.
Application will be made for the 417,695 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 4 November 2016. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. Nil consideration is due in connection with the issue of the 417,695 new Ordinary Shares.
Following allotment of the new Ordinary Shares, the total issued share capital of the Company will consist of 172,475,338 Ordinary Shares with one voting right per share.
The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of voting rights in the Company is 172,475,338. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Conviviality Plc Diana Hunter, Chief Executive Officer Andrew Humphreys, Chief Financial Officer
| Tel: 012 7061 4700 |
Investec Bank plc (NOMAD & Joint Broker) Garry Levin / David Flin / Daniel Adams
| Tel: 020 7597 4000 |
Zeus Capital (Joint Broker) John Goold / Adam Pollock / Nick Cowles
| Tel: 020 7533 7727 |
FTI Consulting Jonathon Brill / Alex Beagley / Tom Hufton
| Tel: 020 3727 1000 |
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a. | Name | Diana Hunter | ||||
2. | Reason for the notification | |||||
b. | Position/status | CEO | ||||
c. | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Conviviality 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 £0.0002 each GB00BC7H5F74
| ||||
b. | Nature of the transaction | Award of free shares under the Conviviality Retail Share Incentive Plan | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information | Not applicable - single transaction | ||||
e. | Date of the transaction | 24th October 2016 | ||||
f. | Place of the transaction | Outside of a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a. | Name | Andrew Humphreys | ||||
2. | Reason for the notification | |||||
a. | Position/status | CFO | ||||
b. | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Conviviality 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 £0.0002 each GB00BC7H5F74
| ||||
b. | Nature of the transaction | Award of free shares under the Conviviality Retail Share Incentive Plan | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information | Not applicable - single transaction | ||||
e. | Date of the transaction | 24th October 2016 | ||||
f. | Place of the transaction | Outside of a trading venue | ||||
Conviviality Retail (CVR)