REG - B&M European - PCA Notification

B&M European Value Retail SAAnnouncement

19/12/2023 09:15

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RNS Number : 2961X  B&M European Value Retail S.A.  19 December 2023

 

19 December 2023

 

B&M European Value Retail S.A. (the "Company")

PCA Notification

We refer to the Company's announcements made on 13 and 15 December 2023.

In accordance with its regulatory obligations, the Company is publishing below
the contents of a "person closely associated with" ("PCA") notification
received in relation to the sale of shares in the Company by
SSA Investments S.ar.l. ("SSA") last week.

 

The PCA notification was a regulatory requirement of SSA as it is a PCA
connected with Bobby Arora (who is a "person discharging management
responsibilities" in relation to the Company) notwithstanding that Bobby
Arora's beneficial shareholding in the Company remains unchanged.

 

As set out in the notification below, the sale of shares by SSA Investments
solely relates to the shares in the Company held for the benefit of its
indirect shareholders Simon Arora and Robin Arora. Bobby Arora has not reduced
his beneficial shareholding in the Company.

 

 

 Persons Discharging Managerial Responsibilities and persons closely associated
 with them notification

 1.                                              Details of the person discharging managerial responsibilities/person closely
                                                 associated

 Legal person                                    SSA Investments S.àr.l.

                                                 with registered address at 5, Heienhaff, Sennigerberg, L-1736 Luxembourg and
                                                 registered with the Luxembourg Trade and Companies Register under number RCS
                                                 Luxembourg B 187251

 2.                                              Reason for the notification
                                                 This notification concerns SSA Investments S.àr.l. ("SSA Investments"), a

                                               shareholder of B&M European Value Retail S.A. (the "Issuer"), as a person
 Position/status                                 closely associated ("PCA") with the following persons discharging managerial
                                                 responsibilities ("PDMR"):

                                                 Bobby Arora, Group Trading Director, PDMR in relation to the Issuer's Group.

                                                 SSA Investments is an investment vehicle for certain members of the Arora
                                                 family through which they beneficially own 4.194% of the shares in the Issuer.
                                                 As Simon Arora and Bobby Arora each hold approximately 38.6% of the shares in
                                                 SSA Investments with the remainder held by Robin Arora and Praxis Nominees
                                                 Limited, SSA Investments qualifies as a PCA of Bobby Arora in the sense of
                                                 article 3(1)(26)(d) of MAR.

                                                 This sale of shares by SSA Investments solely relates to the shares in the
                                                 Issuer held for the benefit of Simon Arora and Robin Arora. Bobby Arora has
                                                 not reduced his beneficial shareholding in the Issuer.

 Initial                                         Initial

 notification/ amendment

 3.                                              Details of the issuer, emission allowance market participant, auction
                                                 platform, auctioneer or auction monitor

 Issuer                                          B&M European Value Retail S.A.

 LEI                                             213800UK7ZRLY2K1X530

 4.                                              Details of the transaction(s)

 Description of the financial instrument, type   Shares

 of Instrument

 Identification Code                             ISIN LU1072616219

 Nature of the transaction                       Disposal

 Currency                                        GBP

 Price(s) and volume(s)                          Price                        Volume                       Total

                                                 GBP 5.809568399              27,821,400                   GBP 161,630,326

 Aggregated Information                          Price                        Volume                       Total

                                                 GBP 5.809568399              27,821,400                   GBP 161,630,326

 Date of Transaction                             13 December 2023

 Place of transaction                              Outside a trading venue

 

 Date and signature

 Shane Califf

                                                                    Marija
 Prechtlein

 13/12/2023

 (1) For natural persons: the first name and the last name(s). For legal
 persons: full name including legal form as provided for in the register where
 it is incorporated, if applicable.
 (2) For persons discharging managerial responsibilities: the position occupied
 within the issuer, emission allowances market participant/auction
 platform/auctioneer/auction monitor should be indicated, e.g. CEO, CFO.

 For persons closely associated:

 -  an indication that the notification concerns a person closely associated
 with a person discharging managerial responsibilities,

 -  the name and position of the relevant person discharging managerial
 responsibilities.
 (3) Indication that this is an initial notification or an amendment to prior
 notifications. In case of amendment, explain the error that this notification
 is amending.
 (4)Full name of the entity.
 (5) Legal Entity Identifier code in accordance with ISO 17442 LEI code.
 (6) Indication as to the nature of the instrument:

 -  a share, a debt instrument, a derivative or a financial instrument linked
 to a share or a debt instrument;

 -  an emission allowance, an auction product based on an emission allowance
 or a derivative relating to an emission allowance.
 (7)Instrument identification code as defined under Commission Delegated
 Regulation supplementing Regulation (EU) N° 600/2014 of the European
 Parliament and of the Council with regard to regulatory technical standards
 for the reporting of transactions to competent authorities adopted under
 Article 26 of Regulation (EU) N° 600/2014.
 (8) Description of the transaction type using, where applicable, the type of
 transaction identified in Article 10 of the Commission Delegated Regulation
 (EU) 2016/522 adopted under Article 19(14) of Regulation (EU) N° 596/2014 or
 a specific example set out in Article 19(7) of Regulation (EU) No 596/2014.
 Pursuant to Article 19(6)(e) of Regulation (EU) N° 596/2014, it shall be
 indicated whether the transaction is linked to the exercise of a share option
 programme.
 (9) Where more than one transaction of the same nature (purchases, sales,
 lendings, borrows, …) on the same financial instrument or emission allowance
 are executed on the same day and on the same place of transaction, prices and
 volumes of these transactions shall be reported in this field, in a two
 columns form as presented above, inserting as many lines as needed.

 Using the data standards for price and quantity, including where applicable
 the price currency and the quantity currency, as defined under Commission
 Delegated Regulation supplementing Regulation (EU) N° 600/2014 of the
 European Parliament and of the Council with regard to regulatory technical
 standards for the reporting of transactions to competent authorities adopted
 under Article 26 of

 Regulation (EU) N° 600/2014.

 (10) The volumes of multiple transactions are aggregated when these
 transactions:

 - relate to the same financial instrument or emission allowance;

 - are of the same nature;

 - are executed on the same day; and

 - are executed on the same place of transaction.

 Using the data standard for quantity, including where applicable the quantity
 currency, as defined under Commission Delegated Regulation supplementing
 Regulation (EU) N° 600/2014 of the European Parliament and of the Council
 with regard to regulatory technical standards for the reporting of
 transactions to competent authorities adopted under Article 26 of Regulation
 (EU) N° 600/2014.
 (11) Price information:

 - In case of a single transaction, the price of the single transaction;

 - In case the volumes of multiple transactions are aggregated: the weighted
 average price of the aggregated transactions.

 Using the data standard for price, including where applicable the price
 currency, as defined under Commission Delegated Regulation supplementing
 Regulation (EU) No 600/2014 of the European Parliament and of the Council with
 regard to regulatory technical standards for the reporting of transactions to
 competent authorities adopted under Article 26 of Regulation (EU) No 600/2014.
 (12) Date of the particular day of execution of the notified transaction.
 Using the ISO 8601 date format: YYYY-MM-DD; UTC time.
 (13)Name and code to identify the MiFID trading venue, the systematic
 internaliser or the organised trading platform outside of the Union where the
 transaction was executed as defined under Commission Delegated Regulation
 supplementing Regulation (EU) N° 600/2014 of the European Parliament and of
 the Council with regard to regulatory technical standards for the reporting of
 transactions to competent authorities adopted under Article 26 of Regulation
 (EU) N° 600/2014, or if the transaction was not executed on any of the above

 mentioned venues, please mention 'outside a trading venue'.

 

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