REG - Anexo Group PLC - Issue of shares pursuant to the MIP

AnexoAnnouncement

04/04/2022 07:00

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RNS Number : 0231H  Anexo Group PLC  04 April 2022

4 April 2022

 

For immediate release

 

Anexo Group plc

 

('Anexo' or the 'Group')

 

Issue of shares pursuant to Anexo's Management Incentive Plan ("MIP")

 

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal
services provider, announces the issue and allotment of, in aggregate,
1,990,294 ordinary shares of 0.05 pence in the capital of Anexo ('MIP Shares')
to selected employees including the following persons discharged with
managerial responsibilities ('PDMRs'), Mark Bringloe and Dawn O'Brien,
(together the 'MIP Participants') giving effect to the MIP terms as originally
agreed at the time of the Company's initial public offering ('IPO').

On 31 March 2022, pursuant to the terms of the MIP, each of the MIP
Participants elected to receive their respective award in two tranches
('Tranche 1' and 'Tranche 2') with each tranche representing 50% of the MIP
award. Both Tranche 1 and Tranche 2 were settled in accordance with the terms
of the MIP, by the issue and allotment to each MIP Participant of the number
of MIP Shares set out in the table below, in full satisfaction of the award.

Pursuant to the terms of the MIP, each of the MIP Participants will be
restricted from disposing of 50% of the MIP Shares issued pursuant to each of
Tranche 1 and Tranche 2 to such MIP Participant for the period of one year
from each respective date of issue.

                    MIP Shares Issued     Total MIP Shares Issued  Percentage of enlarged issued share capital
 MIP Participant    Tranche 1  Tranche 2
 Mark Bringloe      242,718    242,718    485,436                  0.411%
 Dawn O'Brien       242,718    242,718    485,436                  0.411%
 Other individuals  509,711    509,711    1,019,422                0.864%
 TOTAL:             995,147    995,147    1,990,294                1.686%

 

Admission and Total Voting Rights

Application has been made for the 1,990,294 new MIP Shares to be admitted to
trading on AIM ('Admission'). It is expected that Admission and dealings in
those shares will commence at 8.00 a.m. on 6 April 2022.

The Company advises that, immediately following Admission, there will be
117,990,294 Ordinary Shares in issue, with one voting right each. Accordingly,
this number should be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018, provides further detail.

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mark Bringloe
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Anexo Group plc

 b)   LEI                                                          213800CJHD5C8M4MEY87

 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 0.05p each

      Identification code

                                                                   ISIN: GB00BF2G3L29

 b)   Nature of the transaction                                    Grant of new ordinary shares pursuant to the terms of a Management Incentive
                                                                   Plan
 c)   Price(s) and volume(s)                                        Price   No. of shares
                                                                   103p     485,436
 d)   Aggregated information

      - Aggregated      volume                                     Volume: 485,436

      - Price                                                      Weighted average price: 103p
 e)   Date of the transaction                                      31 March 2022
 f)   Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

- Aggregated      volume

- Price

 

Volume: 485,436

Weighted average price: 103p

e)

Date of the transaction

31 March 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Dawn O'Brien
 2    Reason for the notification
 a)   Position/status                                              Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Anexo Group plc

 b)   LEI                                                          213800CJHD5C8M4MEY87

 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 0.05p each

      Identification code

                                                                   ISIN: GB00BF2G3L29

 b)   Nature of the transaction                                    Grant of new ordinary shares pursuant to the terms of a Management Incentive
                                                                   Plan
 c)   Price(s) and volume(s)                                        Price   No. of shares
                                                                   103p     485,436

 
 d)   Aggregated information

      - Aggregated      volume                                     Volume: 485,436

      - Price                                                      Weighted average price: 103p
 e)   Date of the transaction                                      31 March 2022
 f)   Place of the transaction                                     London Stock Exchange, AIM

 

d)

Aggregated information

- Aggregated      volume

- Price

 

Volume: 485,436

Weighted average price: 103p

e)

Date of the transaction

31 March 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

-Ends-

 

For further enquiries:

 Anexo Group plc                                                           +44 (0) 151 227 3008

                                                                           www.anexo-group.com
 Alan Sellers, Executive Chairman

 Mark Bringloe, Chief Financial Officer

 Nick Dashwood Brown, Head of Investor Relations

 Arden Partners plc                                                        +44 (0) 20 7614 5900

 (Nominated Adviser and Joint Broker)                                      www.arden-partners.co.uk

 John Llewellyn-Lloyd/Louisa Waddell/Alexandra Campbell-Harris (Corporate
 Finance)

 Tim Dainton (Equity Sales)

 Panmure Gordon                                                            +44 (0)20 7 886 2500

 (Joint Broker)                                                            www.panmure.com

 Ed Walsh/Dominic Morley

 

 

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider.
The Group has created a unique business model by combining a direct capture
Credit Hire business with a wholly owned Legal Services firm.  The integrated
business targets the impecunious not at fault motorist, referring to those who
do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active
introducers around the UK, Anexo provides customers with an end-to-end service
including the provision of Credit Hire vehicles, assistance with repair and
recovery, and claims management services.  The Group's Legal Services
division, Bond Turner, provides the legal support to maximise the recovery of
costs through settlement or court action as well as the processing of any
associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit:  www.anexo-group.com

 

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