Belvoir Group PLC Exercise of Options, Director/PDMR Dealing & TVR (2225A)
18 January 2020 - 3:30AM
UK Regulatory
TIDMBLV
RNS Number : 2225A
Belvoir Group PLC
17 January 2020
BELVOIR GROUP PLC
(the "Company", the "Group" or "Belvoir")
Exercise of Options
Director/PDMR Dealing
and
Total Voting Rights
Belvoir Group plc (AIM: BLV), the UK's largest property
franchise, announces that Dorian Gonsalves, the Group's Chief
Executive Officer, has exercised options over 163,399 ordinary
shares of 1 pence each in the capital of the Company ("Ordinary
Shares") held under the terms of the Company's unapproved share
option scheme at a price of 75 pence per Ordinary Share. Following
this exercise Mr Gonsalves has sold 143,399 of the resulting
Ordinary Shares to assist with the resulting tax liability as well
as the cost of the option exercise. Following the above
transactions Mr Gonsalves holds 483,595 Ordinary Shares,
representing approximately 1.37 per cent of the Company's total
issued share capital.
Application has been made for the 163,399 Ordinary Shares
arising as a result of the above to be admitted to trading on AIM
which is expected to occur on 23 January 2020. Following this issue
the Company's total issued share capital consists of 35,102,005
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 35,102,005. 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.
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ---------------------------------------------------------------------------------------
a. Name Dorian Gonsalves
-------------------------------------------------------------
2 Reason for
notification
------------------------ -------------------------------------------------------------
a. Position/Status Chief Executive Officer
------------------------ -------------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
------------------------ -------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a. Name Belvoir Group 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, ISIN: GB00B4QY1P51
type of instrument
Identification
Code
------------------------ -------------------------------------------------------------
b. Nature of the Acquisition of Ordinary Shares following the
transaction Exercise of Share Options and Sale of Ordinary
Shares
------------------------ -------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
------------------------ -----------
75p 163,399 Purchase
----------- ----------
153.98p 15,000 Sale
----------- ----------
149p 40,000 Sale
----------- ----------
145.148p 30,000 Sale
----------- ----------
139.4417p 58,399 Sale
----------- ----------
Aggregated
d. information
Aggregated 163,399
Purchase Volume
Aggregated 75p
Purchase Price
Aggregated
Sale Volume
Aggregated 143,399
Sale Price
144.822p
-------------------------------------------------------------------------------------------
e. Date of the 17 January 2020
transaction
------------------------ -------------------------------------------------------------
f. Place of the London Stock Exchange
transaction
------------------------ -------------------------------------------------------------
For further details:
Belvoir Group PLC 01476 584900
Dorian Gonsalves, Chief Executive investorrelations@belvoirgroup.com
Officer
Louise George, Chief Financial
Officer
www.belvoirgroup.com
finnCap
Julian Blunt, Teddy Whiley (Corporate
Finance)
Tim Redfern, Manasa Patil (ECM)
www.finncap.com +44 (0) 20 7220 0500
Buchanan
Charles Ryland, Victoria Hayns
& Tilly Abraham +44 (0) 20 7466 5000
Notes:
About Belvoir Group PLC
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir
operates a nationwide property franchise group with 397 offices
across five brands specialising in residential lettings, property
management, residential sales and property-related financial
services. With its Central Office in Grantham, Lincolnshire, the
Group manages around 66,000 properties and reported record revenues
of GBP13.7m in 2018 making Belvoir the largest property franchise
group in the UK.
For further information, please visit: www.belvoirgroup.com
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END
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