Diurnal Group PLC Director Dealing and Issue of Equity (1101W)
10 November 2017 - 5:19AM
UK Regulatory
TIDMDNL
RNS Number : 1101W
Diurnal Group PLC
09 November 2017
9 November 2017
Diurnal Group plc
("Diurnal" or the "Company")
Director Dealing and Issue of Equity
On 8 November 2017, Diurnal issued a total of 109,296 new
ordinary shares of 5 pence in the Company ("Shares") under the
Diurnal Group plc Long Term Incentive Plan (the "Plan"), including
69,565 new Shares to persons discharging managerial
responsibilities ("PDMR"):
PDMR Total number of Shares Nature of issuance
issued
---------------- ----------------------- --------------------
Martin Whitaker 69,565 Vesting of Deferred
Bonus Award
The Shares issued were awarded on a deferred basis on 8 November
2016, as previously notified on 9 November 2016. Upon receipt of
these shares, Martin Whitaker subsequently sold 33,650 ordinary
shares to settle payment of all tax and NI requirements in relation
to the award as set out in the notification below.
Issue of equity
Application has been made to AIM for the admission of the
109,296 new Shares, which is anticipated to occur at 8.00am on 15
November 2017. The Company has also made application for admission
to AIM at the same time of the following shares that have
previously been duly issued and allotted but not admitted to
trading: 110,000 new Shares issued on 12 April 2017 in respect of
the exercise of options by a former employee at an exercise price
of 43.77p per new Share; 10,791 new Shares issued on 7 September
2017 in respect of the vesting of shares to Mr John Goddard, NED of
the Company, at a price of 5p per new Share (as announced on 7
September 2017); 100,000 new Shares issued on 21 September 2017 in
respect of the exercise of options by a former director at an
exercise price of 0.2p per new Share; and 29,000 new Shares issued
on 21 September 2017 in respect of the exercise of options by an
employee at an exercise price of 43.77p per new Share.
Following admission of the new Shares, the Company's total
issued share capital will be 52,569,846 Ordinary Shares. Therefore,
the total number of voting rights in the Company is 52,569,846.
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 and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------------
a) Name Martin Whitaker
---- ------------------------------ -----------------------------------
2 Reason for the 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 Diurnal Group plc
---- ------------------------------ -----------------------------------
b) LEI 213800I2HNUNZN1LDH29
---- ------------------------------ -----------------------------------
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 Ordinary Shares of 5 pence
the financial each in Diurnal Group plc
instrument, type
of instrument
----
Identification GB00BDB6Q760
code
b) Nature of the Vesting of awards under the
transaction Diurnal Group plc Long Term
Incentive Plan as follows:
EMI deferred bonus award
over 9,730 ordinary shares.
Non-EMI deferred bonus award
over 59,835 ordinary shares.
---- ------------------------------ -----------------------------------
c) Price(s) and volume(s)
---- --------------- ---------------
Price(s) Volume(s)
---- --------------- ---------------
120p 9,730
--------------- ---------------
120p 59,835
--------------- ---------------
d) Aggregated information
----
- Aggregated volume 69,565 ordinary shares
- Price GBP83,478.00
e) Date of the transaction 8 November 2017
---- ------------------------------ -----------------------------------
f) Place of the transaction Off market
---- ------------------------------ -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a) Name Martin Whitaker
---- ----------------------------- ---------------------------------
2 Reason for the 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 Diurnal Group plc
---- ----------------------------- ---------------------------------
b) LEI 213800I2HNUNZN1LDH29
---- ----------------------------- ---------------------------------
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 Ordinary Shares of 5 pence
the financial each in Diurnal Group plc
instrument, type
of instrument
----
Identification GB00BDB6Q760
code
b) Nature of the Sale of 33,650 shares
transaction
---- ----------------------------- ---------------------------------
c) Price(s) and volume(s)
---- ---------------- ------------
Price(s) Volume(s)
---- ---------------- ------------
134.7p per
share 33,650
--------------------------------------------------- ------------
d) Aggregated information
----
- Aggregated volume 33,650 ordinary shares
- Price GBP45,326.55
e) Date of the transaction 8 November 2017
---- ----------------------------- ---------------------------------
f) Place of the transaction XLON
---- ----------------------------- ---------------------------------
For further information, please visit www.diurnal.co.uk
or contact:
+44 (0)20 3727
Diurnal Group plc 1000
Martin Whitaker, Chief Executive
Officer
Richard Bungay, Chief Financial
Officer
Numis Securities Ltd (Nominated +44 (0)20 7260
Adviser) 1000
Nominated Adviser: Michael Meade,
Paul Gillam, Freddie Barnfield
Corporate Broking: James Black
Panmure Gordon (UK) Limited (Joint +44 (0) 20 7886
Broker) 2500
Corporate Finance: Freddy Crossley
/ Duncan Monteith
Corporate Broking: Tom Salvesen
+44 (0)20 3727
FTI Consulting 1000
Simon Conway
Victoria Foster Mitchell
Notes to Editors
About Diurnal Group plc
Founded in 2004, Diurnal is a UK-based specialty pharma company
developing high quality products for the global market for the
life-long treatment of chronic endocrine conditions, including
Congenital Adrenal Hyperplasia and Adrenal Insufficiency. Its
expertise and innovative research activities focus on
circadian-based endocrinology to yield novel product candidates in
the rare and chronic endocrine disease arena.
For further information about Diurnal, please visit
www.diurnal.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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