TIDMFOOT
RNS Number : 3489V
Footasylum PLC
20 July 2018
20 July 2018
Footasylum plc
("Footasylum" or the "Company")
Notification of interests regarding the John Wardle 2016
Settlement
The Company was notified on 18 July 2018 that John Wardle, the
former Executive Chairman of the Company, retired as a Trustee of
the John Wardle 2016 Settlement (the "Settlement") with effect from
10 July 2018.
As a result, John Wardle is no longer interested in the
36,148,866 ordinary shares in the Company ("Ordinary Shares"),
representing 34.6 per cent of the issued Ordinary Shares (the
"Settlement Shares"), held by the trustees of the Settlement in
their capacity as such. John Riches remains as a Trustee of the
Settlement and retains an interest in all of the Settlement
Shares.
As previously disclosed (including in the Company's Admission
Document), the Settlement Shares are divided into three separate
sub funds, the beneficiaries of each of which are as follows and
include Clare Nesbitt, CEO of the Company:
Beneficiary / Settlement sub fund Number of Settlement % of issued
designation Shares Ordinary Shares
Thomas Makin / JW2016TM Fund 12,259,176 11.7%
Amy Mason / JW2016AM Fund 10,169,690 9.7%
Clare Nesbitt / JW2016CM Fund 13,720,000 13.1%
Total 36,148,866 34.6%
Further to the retirement of John Wardle as a Trustee of the
Settlement, legal title to the Settlement Shares in each of the sub
funds of the Settlement has been transferred to the beneficiary of
each sub fund and John Riches, as co-trustees, all with effect from
20 July 2018. There has been no change to the beneficial interests
of any of the Settlement Shares.
As a result of the above transfers, the interests of Thomas
Makin, Amy Mason and Clare Nesbitt in Ordinary Shares are as
follows:
Shareholder Number of Ordinary % of issued
Shares Ordinary Shares
Thomas Makin
* as co-trustee of the JW2016TM Fund 12,259,176 11.7%
* in his own name 7,800,000 7.5%
------------------- -----------------
20,059,176 19.2%
Amy Mason
* as co-trustee of the JW2016AM Fund 10,169,690 9.7%
* in her own name 7,800,000 7.5%
------------------- -----------------
17,969,690 17.2%
Clare Nesbitt
* as co-trustee of the JW2016CM Fund 13,720,000 13.1%
* in her own name 7,800,000 7.5%
------------------- -----------------
21,520,000 20.6%
Including the 6,270,000 Ordinary Shares (representing six per
cent of the issued Ordinary Shares) held by David Makin (the father
of Thomas Makin, Amy Mason and Clare Nesbitt), the aggregated
interests of members of the Makin Family remains unchanged at
65,818,866 Ordinary Shares, representing 63.0 per cent. of the
issued Ordinary Shares.
Each of Thomas Makin, Amy Mason and Clare Nesbitt have
undertaken (in respect of those Settlement Shares for which each is
now co-trustee) to continue to be bound by the obligations given in
the placing agreement, dated 27 October 2017, entered into in
connection with the admission to trading on AIM of the Ordinary
Shares. Further details of such obligations are contained within
the Company's Admission Document at
http://investors.footasylum.com/
Notification and public disclosure of transactions by PDMRs
pursuant to the EU Market Abuse Regulations are included below.
Contacts:
Footasylum plc Tel: +44 (0) 1706
Nancy Kelsall (Company Secretary) 746 777
GCA Altium Limited (Financial Adviser & Nominated Tel: +44 (0) 20 7484
Adviser) 4040
Phil Adams
Sam Fuller
Tim Richardson
Liberum Capital Limited (Broker) Tel: +44 (0) 20 3100
John Fishley 2222
Jill Li
Powerscourt (Financial Public Relations) Tel: +44 (0) 207
Rob Greening 250 1446
Lisa Kavanagh
Isabelle Saber
Customer website: https://www.footasylum.com/
Investor website: http://investors.footasylum.com/
The Company publicly discloses the following notifications
pursuant to the EU Market Abuse Regulations:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clare Nesbitt
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Chief Executive Officer / Director and
PDMR
-------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Footasylum plc
-------------------------- -----------------------------------------------
b) LEI 2138001JV9DY7H8RWE60
-------------------------- -----------------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
GB00BYPHD607
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Transfer of legal title as co-trustee
of the 13,720,000 Ordinary Shares held
in sub fund JW2016CM of the John Wardle
2016 Settlement of which Clare Nesbitt
is already the beneficiary
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NA 13,720,000
-----------
-------------------------- -----------------------------------------------
d) Aggregated information Aggregated Price(s) Aggregated Volume(s)
NA 13,720,000
- Aggregated volume ---------------------
- Price
-------------------------- -----------------------------------------------
e) Date of the transaction 20 July 2018
-------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Thomas Makin
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Marketing and eCommerce Director / PDMR
-------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Footasylum plc
-------------------------- -----------------------------------------------
b) LEI 2138001JV9DY7H8RWE60
-------------------------- -----------------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
GB00BYPHD607
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Transfer of legal title as co-trustee
of the 12,259,176 Ordinary Shares held
in sub fund JW2016TM of the John Wardle
2016 Settlement of which Thomas Makin
is already the beneficiary
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NA 12,259,176
-----------
-------------------------- -----------------------------------------------
d) Aggregated information Aggregated Price(s) Aggregated Volume(s)
NA 12,259,176
- Aggregated volume ---------------------
- Price
-------------------------- -----------------------------------------------
e) Date of the transaction 20 July 2018
-------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------
Notes to Editors:
Footasylum is a UK-based fashion retailer focusing on the
branded footwear and apparel markets. The Company retails
"on-trend" product ranges which are predominantly aimed at 16 to 24
year old fashion-conscious customers and are sourced from an
extensive stable of third party and own brands. These include
well-known sports and casual footwear and apparel brands, as well
as up-and-coming brands and own label products.
Examples of third party brands include: adidas; Nike; The North
Face; Gym King; Converse; New Balance; EA7; Vans; Nicce London;
Siksilk; Under Armour; and Calvin Klein. Examples of Footasylum's
own brands include Kings Will Dream and Alessandro Zavetti.
The Company operates a multi-channel model which combines a
65-strong store estate - in a variety of high street, mall and
retail park locations in cities and towns throughout Great Britain
- with a fast-growing eCommerce platform and a recently launched
wholesale arm for distributing its own brand ranges via a network
of partners.
Footasylum was founded in 2005 and the Company's ordinary shares
were admitted to trading on AIM in November 2017.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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