MPAC Mpac Group Plc

TIDMMLIN

RNS Number : 3832I

Molins PLC

16 June 2017

FOR IMMEDIATE RELEASE 16 June 2017

MOLINS PLC

(the "Company")

Director/PDMR Dealings

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                   David Cowen - Group Finance 
                              Director 
---  ---------------------  --------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status        See 1(a) above - Mr Cowen 
                              classified as a PDMR of the 
                              Company 
---  ---------------------  --------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
---  ---------------------  --------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------- 
 a)   Name                   Molins PLC 
---  ---------------------  --------------------------------- 
 b)   LEI 
---  ---------------------  --------------------------------- 
 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            Ordinary Shares of 25p each 
       of the financial       ("Ordinary Shares") 
       instrument, 
       type of instrument 
---  ---------------------  --------------------------------- 
 b)   Identification         GB0005991111 
       code 
---  ---------------------  --------------------------------- 
 c)   Nature of the          Transfer of Ordinary Shares 
       transaction(s)         to Mr Cowen by the Molins 
                              PLC Employee Trust ("Trust") 
                              upon exercise of a conditional 
                              grant over Ordinary Shares 
                              awarded on 27 February 2014 
                              under the Molins PLC Deferred 
                              Share Plan. 
                              Subsequent sale by Mr Cowen 
                              of Ordinary Shares back to 
                              the Trust. 
---  ---------------------  --------------------------------- 
 d)   Price(s) and           (a) In respect of the transfer 
       volume(s)              to Mr Cowen: 
                              Volume(s): 42,000 Ordinary 
                              Shares 
                              Price: GBPnil 
                              (b) In respect of the sale 
                              by Mr Cowen: 
                              Volume(s): 21,000 Ordinary 
                              Shares 
                              Price: 119.0 pence per Ordinary 
                              Share 
---  ---------------------  --------------------------------- 
 e)   Aggregated              N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  ---------------------  --------------------------------- 
 f)   Date of the            15 June 2017 
       transactions 
---  ---------------------  --------------------------------- 
 g)   Place of the           Outside a trading venue 
       transaction 
---  ---------------------  --------------------------------- 
 

Mr Cowen's beneficial interest following this transaction is now in 144,519 Ordinary Shares, representing 0.7% of the Company's issued share capital.

Name of authorised official of issuer responsible for making notification:

Nick Eland

Company Secretary to Molins PLC

For further information, please contact:

 
 Molins PLC                       Tel: +44(0)1908 246870 
  Nick Eland, Company Secretary 
 Panmure Gordon (UK) Limited      Tel: +44(0)20 7886 
  (NOMAD)                          2500 
  Andrew Potts/ Peter Steel 
  - Corporate Finance 
  James Stearns - Corporate 
  Broking 
 Hudson Sandler                   Tel: +44(0)20 3178 
  Nick Lyon, Jasper Bartlett       6378 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBUGDLUXBBGRL

(END) Dow Jones Newswires

June 16, 2017 11:36 ET (15:36 GMT)

Mpac (LSE:MPAC)
Historical Stock Chart
From Apr 2024 to May 2024

Mpac (LSE:MPAC)
Historical Stock Chart
From May 2023 to May 2024