Hastings Group Holdings plc Director/PDMR Shareholding (7250S)
23 December 2016 - 8:09PM
UK Regulatory
TIDMHSTG
RNS Number : 7250S
Hastings Group Holdings plc
23 December 2016
FOR IMMEDIATE RELEASE
23 December 2016
Hastings Group Holdings plc (the "Company")
Director/PDMR Shareholding
The Company announces that it has been notified by Edward
Fitzmaurice, a director of the Company, that he has purchased 12.5m
ordinary shares of 2 pence each ("Ordinary Shares") in the Company,
representing 1.9% of the Company's total issued share capital, at a
price of 233.2 pence per share for an aggregate cash consideration
of GBP29.15m. The transaction took place on 23 December 2016.
The shares were acquired from Peel Hunt LLP which had acquired
the shares from Hastings Investco Limited ("Investco"), the
Company's principal shareholder, in which Mr Fitzmaurice has an
underlying interest and, therefore, an indirect interest in the
Company's Ordinary Shares.
Following the transaction, Mr Fitzmaurice's indirect interest in
the Company's Ordinary Shares, via Investco, has been reduced and
he now holds a direct interest in the Company's Ordinary Shares. Mr
Fitzmaurice has agreed to remain bound to the unexpired term of the
90-day lock-up applied to the shares under the terms of the Placing
of the Company's Ordinary Shares announced on 5 October 2016; the
period of lock-up expires on 2 January 2017.
Mr Fitzmaurice has entered into a personal loan facility with
HSBC and has granted a security interest in favour of HSBC over the
12.5m Ordinary Shares purchased as security for any amounts which
may be due from time to time under the facility. He remains the
beneficial owner of the shares subject to the pledge, and retains
full voting rights.
The above transaction does not alter the overall position stated
in the Company's announcement of 14 December 2016 relating to
holdings of the GS Shareholders and Founder Shareholders, which
include Mr Fitzmaurice.
This notification is made in order to satisfy both section 793
of the Companies Act 2006 and article 19 of the Market Abuse
Regulation.
Hastings Group
+44 (0) 142 473 8220
Tony Leppard, Company Secretary
Instinctif Partners
+44 (0) 207 457 2020
Mike Davies | Nick Woods | Giles Stewart
Notes:
Founder Shareholders and GS Shareholders
For the purposes of this announcement, the "Founder
Shareholders" are Neil Utley (and certain members of his immediate
family), Edward Fitzmaurice, Keith Charlton, Richard Brewster and
Narmali Utley and the "GS Shareholders" are Hastings A, L.P.,
Hastings B, L.P and Goldman Sachs & Co.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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