TIDMWHI
RNS Number : 8620R
W.H. Ireland Group PLC
11 March 2021
WH Ireland Group Plc
("WH Ireland" or the "Company")
Grant of Options and Issue of Equity
Total Voting Rights
Issue of Non-Executive Directors Scheme Shares
The Company confirms today that, further to the announcement of
6 November 2019, it has today issued ordinary shares in the Company
to certain Non-Executive Directors of the Company pursuant to the
NED Scheme.
As previously announced, Philip Shelley, Victoria Raffé and
Simon Lough (and Alistair Buchanan, as set out in the announcement
of 28 July 2020) had agreed to receive ordinary shares in the
Company in lieu of 25 per cent of the fees that would otherwise be
due to be paid to them by the Company in respect of the 12 month
period commencing on 1 December 2019 and ending on 30 November
2020. The ordinary shares are being issued in two tranches.
The ordinary shares for the period ending 30 November 2020,
being the second tranche have been issued today at a price of 48p,
as agreed with the Directors, and as set out below.
Name of PDMR Number of new Total shares now Percentage of
shares held issued share
capital now
held
Philip Shelley 10,416 1,458,409 2.4%
-------------- ----------------- --------------
Victoria Raffé 10,416 54,165 0.1%
-------------- ----------------- --------------
Simon Lough 10,416 464,999 0.8%
-------------- ----------------- --------------
Alistair Buchanan 10,416 218,749 0.4%
-------------- ----------------- --------------
Accordingly, the Company has issued 41,664 Ordinary Shares today
(the "New Shares"). Application has been made to admit the New
Shares to trading on AIM ("Admission"). Admission is expected to
become effective on 16 March 2021 and the New Shares will rank pari
passu in all respects with the Company's existing ordinary shares
in issues.
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), the issued ordinary share
capital of the Company following Admission will consist of
62,021,585 ordinary shares with voting rights attached (one vote
per ordinary share). There are no ordinary shares held in treasury.
This total voting rights figure may be used by shareholders as the
denominator for the calculations by which they will determine
whether they are required to notify their interests in, or a change
to their interest in, the Company under the DTRs.
New Non-Executive Directors Scheme
At the same time, the Non-Executive Directors of the Company,
being Philip Shelley, Victoria Raffé, Simon Lough and Alistair
Buchanan, have today agreed to receive ordinary shares in the
Company in lieu of 25 per cent of the fees that would otherwise be
due to be paid to each them by the Company in respect of the twelve
month period commencing on 1 December 2020 and ending on 30
November 2021 (the "New NED Scheme").
The ordinary shares are to be issued in two tranches being the
six months ending 30 May 2021 and six months ended 30 November
2021.
The number of ordinary shares will be determined on the basis of
the volume weighted average of the middle market quotations for one
Ordinary Share for the 30 consecutive trading days ending on 30 May
2021 and 30 November 2021 as the context so requires, subject to a
maximum value of GBP51,250.
Aggregating together the 25 per cent of the fees that would
otherwise be due to be paid to the Non-Executive Directors by the
Company in respect of the 12 month period commencing on 1 December
2020 and ending on 30 November 2021, the total saving to the
Company is GBP51,250.
Issue of EMI Options
Finally, the Company confirms today that it has granted options
over 364,583 ordinary shares to certain new employees of Company
(the "New Options"). Of the New Options, options over 156,250
ordinary shares have been granted to Fraser Marshall, the head of
the Capital Markets Division of the Company, as part of the terms
of his contract of employment with the Company.
These options are granted under the rules of the Company's EMI
Share Scheme 2020; have an exercise price of 48p and vest on the
third anniversary of the date of grant. These options are
conditional on the continued employment of the recipient at the
date of vesting.
Consent
In accordance with the agreement with Polygon Global Partners
LLP ("Polygon"), announced on 17 October 2017, Polygon has
consented to the issue of the NED Shares, the New NED Scheme and to
the issue of the New Options.
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Phillip Wale, Chief Executive Officer +44(0) 20 7220 1666
Canaccord Genuity Limited www.canaccordgenuity.com
Emma Gabriel Tel: +44 (0) 20 7523 8000
Tom Diehl
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
---- ---------------------------------------------------------------------------------------------------
a) Name Phillip Shelley
---- ------------------------------------------------------------- ------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------------------------------
a) Position/status Chairman
---- ------------------------------------------------------------- ------------------------------------
b) Initial notification/amendment Initial notification
---- ------------------------------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------------------------------------------
a) Name WH Ireland Group plc
---- ------------------------------------------------------------- ------------------------------------
b) LEI 213800HB9TO5O4WD6S66
---- ------------------------------------------------------------- ------------------------------------
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 financial instrument, type of instrument Ordinary shares of 0.5 pence each
Identification code
GB0009241885
---- ------------------------------------------------------------- ------------------------------------
b) Nature of the transaction Issue of Ordinary Shares
---- ------------------------------------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
48p 10,416
---- ------------------------------------------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume 10,416
- Price 48p
------------------------------------------------------------------ ------------------------------------
e) Date of the transaction 10 March 2021
---- ------------------------------------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- ------------------------------------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
---- -------------------------------------------------------------------------------------------------
a) Name Victoria Raffe
---- ------------------------------------------------------------- ----------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------------------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
---- ------------------------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------------------------------------
a) Name WH Ireland Group plc
---- ------------------------------------------------------------- ----------------------------------
b) LEI 213800HB9TO5O4WD6S66
---- ------------------------------------------------------------- ----------------------------------
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 financial instrument, type of instrument Ordinary shares of 0.5 pence each
Identification code
GB0009241885
---- ------------------------------------------------------------- ----------------------------------
b) Nature of the transaction Issue of Ordinary Shares
---- ------------------------------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
48p 10,416
---- ------------------------------------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 10,416
- Price 48p
------------------------------------------------------------------ ----------------------------------
e) Date of the transaction 10 March 2021
---- ------------------------------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- ------------------------------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
---- -------------------------------------------------------------------------------------------------
a) Name Simon Lough
---- ------------------------------------------------------------- ----------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------------------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
---- ------------------------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------------------------------------
a) Name WH Ireland Group plc
---- ------------------------------------------------------------- ----------------------------------
b) LEI 213800HB9TO5O4WD6S66
---- ------------------------------------------------------------- ----------------------------------
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 financial instrument, type of instrument Ordinary shares of 0.5 pence each
Identification code
GB0009241885
---- ------------------------------------------------------------- ----------------------------------
b) Nature of the transaction Issue of Ordinary Shares
---- ------------------------------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
48p 10,416
---- ------------------------------------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 10,416
- Price 48p
------------------------------------------------------------------ ----------------------------------
e) Date of the transaction 10 March 2021
---- ------------------------------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- ------------------------------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
---- -------------------------------------------------------------------------------------------------
a) Name Alistair Buchanan
---- ------------------------------------------------------------- ----------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------------------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
---- ------------------------------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------------------------------------
a) Name WH Ireland Group plc
---- ------------------------------------------------------------- ----------------------------------
b) LEI 213800HB9TO5O4WD6S66
---- ------------------------------------------------------------- ----------------------------------
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 financial instrument, type of instrument Ordinary shares of 0.5 pence each
Identification code
GB0009241885
---- ------------------------------------------------------------- ----------------------------------
b) Nature of the transaction Issue of Ordinary Shares
---- ------------------------------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
48p 10,416
---- ------------------------------------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 10,416
- Price 48p
------------------------------------------------------------------ ----------------------------------
e) Date of the transaction 10 March 2021
---- ------------------------------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- ------------------------------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
---- ------------------------------------------------------------------------------------------------
a) Name Fraser Marshall
---- ---------------------------------------------------- ------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------------------------
a) Position/status Head of Capital Markets Division,
PDMR
---- ---------------------------------------------------- ------------------------------------------
b) Initial notification/amendment Initial notification
---- ---------------------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------------------------------
a) Name WH Ireland Group plc
---- ---------------------------------------------------- ------------------------------------------
b) LEI 213800HB9TO5O4WD6S66
---- ---------------------------------------------------- ------------------------------------------
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 financial instrument, Options over Ordinary shares
type of instrument of 0.5 pence each
Identification code
GB0009241885
---- ---------------------------------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
---- ---------------------------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
48p 156,250
---- ---------------------------------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume 156,250
- Price 48p
--------------------------------------------------------- ------------------------------------------
e) Date of the transaction 10 March 2021
---- ---------------------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
---- ---------------------------------------------------- ------------------------------------------
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END
MSCFLFFDVEIILIL
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