Gateley (Holdings) PLC Allocation and sale of shares from SAR Scheme (6647W)
02 August 2018 - 10:13PM
UK Regulatory
TIDMGTLY
RNS Number : 6647W
Gateley (Holdings) PLC
02 August 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon publication of
this announcement, this information is now considered to be in the
public domain.
2 August 2018
Gateley (Holdings) Plc
('Gateley' or the 'Company')
Allocation and sale of Gateley shares from Stock Appreciation
Rights Scheme and Director Dealings
Gateley (Holdings) Plc (AIM:GTLY), the law-led professional
services group is pleased to announce the transfer of 2,300,913
ordinary shares of 10 pence each in the capital of the Company
("Ordinary Shares") from the Gateley Employee Benefit Trust ("the
EBT") to partner level employees who have exercised their rights
pursuant to the Company's Stock Appreciation Rights ("SAR") Scheme.
As announced by the Company on 17 July 2018, a total of 2,425,024
Ordinary Shares had previously been issued to the EBT to satisfy
the vesting of share options under the SAR Scheme.
Of the 2,300,913 Ordinary Shares transferred, an aggregate of
1,298,602 have been sold on behalf of partners in order to
reimburse them for their personal tax liabilities resulting from
the exercise of their SAR Scheme awards. The buyers comprised an
existing institutional investor, laterally hired employees (at
'partner' level) and the EBT.
The new Ordinary Shares were successfully placed by Cantor
Fitzgerald Europe.
Highlights
-- The Group's incentivisation plan is now, 3 years post IPO,
generating real, tangible rewards for "partners" lower down the
equity ranks at the time of the IPO
-- 2,425,024 aggregate Ordinary Shares, represents 2.19% of the current issued share capital
-- Transaction price of GBP1.60 per Ordinary Share
-- Free float now 38.3%
PDMR Dealings
The Company announces that it has received the following
notification of sales of Ordinary Shares from George Parker-Fuller,
Katie Chester, Thomas Durrant, Christopher Thompson, being PDMRs of
Gateley. The notifications set out below are provided in accordance
with the requirements of the EU Market Abuse Regulation.
Further information on all Executive Director and PDMR dealings
are provided below:
schedule 1
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 George Parker-Fuller
-------------------------------------------------
2 Reason for notification
---------------------------------------- -------------------------------------------------
a. Position/Status Executive Director of Gateley Plc
---------------------------------------- -------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Gateley (Holdings) 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
------- -------------------------------------------------------------------------------------------
1. 2. Description Ordinary Shares of 10 pence each
a. of the financial
instrument, type
of instrument
ISIN: GB00BXB07J71
Identification
Code
---------------------------------------- -------------------------------------------------
3. 4. Nature of Sale of Ordinary Shares to reimburse tax
b. the transaction liability on SARS
---------------------------------------- -------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---------------------------------------- ----------------------
GBP1.60p 36,583
----------------------------------------------------------------------- --------------------
d. Aggregated information
- Aggregated 36,583
Volume
- Price GBP1.60p
---------------------------------------- -------------------------------------------------
e. Date of the transaction 1 August 2018
---------------------------------------- -------------------------------------------------
f. Place of the London Stock Exchange
transaction
---------------------------------------- -------------------------------------------------
schedule 2
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 Katie Chester
-------------------------------------------------
2 Reason for notification
---------------------------------------- -------------------------------------------------
a. Position/Status Member of the Operations Board
---------------------------------------- -------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Gateley (Holdings) 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
------- -------------------------------------------------------------------------------------------
5. 6. Description Ordinary Shares of 10 pence each
a. of the financial
instrument, type
of instrument
ISIN: GB00BXB07J71
Identification
Code
---------------------------------------- -------------------------------------------------
7. 8. Nature of Sale of Ordinary Shares to reimburse tax
b. the transaction liability on SARS
---------------------------------------- -------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---------------------------------------- ----------------------
GBP1.60p 35,355
----------------------------------------------------------------------- --------------------
d. Aggregated information
- Aggregated 35,355
Volume
GBP1.60p
- Price
---------------------------------------- -------------------------------------------------
e. Date of the transaction 1 August 2018
---------------------------------------- -------------------------------------------------
f. Place of the London Stock Exchange
transaction
---------------------------------------- -------------------------------------------------
schedule 3
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 Thomas Durrant
-------------------------------------------------
2 Reason for notification
---------------------------------------- -------------------------------------------------
a. Position/Status Member of the Operations Board
---------------------------------------- -------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Gateley (Holdings) 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
------- -------------------------------------------------------------------------------------------
9. 10. Description Ordinary Shares of 10 pence each
a. of the financial
instrument, type
of instrument
ISIN: GB00BXB07J71
Identification
Code
---------------------------------------- -------------------------------------------------
11. 12. Nature of Sale of Ordinary Shares to reimburse tax
b. the transaction liability on SARS
---------------------------------------- -------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---------------------------------------- ----------------------
GBP1.60p 60,972
----------------------------------------------------------------------- --------------------
d. Aggregated information
- Aggregated 60,972
Volume
GBP1.60p
- Price
---------------------------------------- -------------------------------------------------
e. Date of the transaction 1 August 2018
---------------------------------------- -------------------------------------------------
f. Place of the London Stock Exchange
transaction
---------------------------------------- -------------------------------------------------
schedule 4
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 Christopher Thompson
-------------------------------------------------
2 Reason for notification
---------------------------------------- -------------------------------------------------
a. Position/Status Member of the Operations Board
---------------------------------------- -------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a. Name Gateley (Holdings) 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
------- -------------------------------------------------------------------------------------------
13. 14. Description Ordinary Shares of 10 pence each
a. of the financial
instrument, type
of instrument
ISIN: GB00BXB07J71
Identification
Code
---------------------------------------- -------------------------------------------------
15. 16. Nature of Sale of Ordinary Shares to reimburse tax
b. the transaction liability on SARS
---------------------------------------- -------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---------------------------------------- ----------------------
GBP1.60p 35,841
----------------------------------------------------------------------- --------------------
d. Aggregated information
- Aggregated 35,841
Volume
GBP1.60p
- Price
---------------------------------------- -------------------------------------------------
e. Date of the transaction 1 August 2018
---------------------------------------- -------------------------------------------------
f. Place of the London Stock Exchange
transaction
---------------------------------------- -------------------------------------------------
Ends -
Enquiries:
Gateley (Holdings) Plc
Neil Smith, Finance Director Tel: +44 (0) 121 234
0196
Nick Smith, Acquisitions Director and Head Tel: +44 (0) 20 7653
of Investor Relations 1665
Cara Zachariou, Head of Communications Tel: +44 (0) 121 234
0074 or +44 (0) 7703
684 946
Cantor Fitzgerald Europe - Nominated Adviser Tel: +44 (0) 20 7894
and Broker 7000
David Foreman, Marc Milmo, Michael Boot (Corporate
Finance)
Caspar Shand Kydd (Sales)
Arden Partners - Broker Tel: +44 (0) 20 7614
5900
John Llewellyn-Lloyd, Benjamin Cryer (Corporate
Finance)
James Reed-Daunter (Corporate Broking)
IFC Advisory - Financial PR Adviser
Tim Metcalfe, Miles Nolan Tel: +44 (0) 20 3934
6630
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END
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