REG - Belvoir Group PLC - Exercise of Options, Director/PDMR Dealing & TVR
RNS Number : 2225ABelvoir Group PLC17 January 2020BELVOIR GROUP PLC
(the "Company", the "Group" or "Belvoir")
Exercise of Options
Director/PDMR Dealing
and
Total Voting Rights
Belvoir Group plc (AIM: BLV), the UK's largest property franchise, announces that Dorian Gonsalves, the Group's Chief Executive Officer, has exercised options over 163,399 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") held under the terms of the Company's unapproved share option scheme at a price of 75 pence per Ordinary Share. Following this exercise Mr Gonsalves has sold 143,399 of the resulting Ordinary Shares to assist with the resulting tax liability as well as the cost of the option exercise. Following the above transactions Mr Gonsalves holds 483,595 Ordinary Shares, representing approximately 1.37 per cent of the Company's total issued share capital.
Application has been made for the 163,399 Ordinary Shares arising as a result of the above to be admitted to trading on AIM which is expected to occur on 23 January 2020. Following this issue the Company's total issued share capital consists of 35,102,005 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of voting rights in the Company is 35,102,005. This figure may 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.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
Dorian Gonsalves
2
Reason for notification
a.
Position/Status
Chief Executive Officer
b.
Initial notification/
Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
Belvoir Group PLC
b.
LEI
N/A
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
Identification Code
ISIN: GB00B4QY1P51
b.
Nature of the transaction
Acquisition of Ordinary Shares following the Exercise of Share Options and Sale of Ordinary Shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
75p
163,399
Purchase
153.98p
15,000
Sale
149p
40,000
Sale
145.148p
30,000
Sale
139.4417p
58,399
Sale
d.
Aggregated information
Aggregated Purchase Volume
Aggregated Purchase Price
Aggregated Sale Volume
Aggregated Sale Price
163,399
75p
143,399
144.822p
e.
Date of the transaction
17 January 2020
f.
Place of the transaction
London Stock Exchange
For further details:
Belvoir Group PLC
Dorian Gonsalves, Chief Executive Officer
Louise George, Chief Financial Officer
www.belvoirgroup.com
01476 584900
investorrelations@belvoirgroup.com
finnCap
Julian Blunt, Teddy Whiley (Corporate Finance)
Tim Redfern, Manasa Patil (ECM)
+44 (0) 20 7220 0500
Buchanan
Charles Ryland, Victoria Hayns & Tilly Abraham
+44 (0) 20 7466 5000
Notes:
About Belvoir Group PLC
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 397 offices across five brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages around 66,000 properties and reported record revenues of £13.7m in 2018 making Belvoir the largest property franchise group in the UK.
For further information, please visit: www.belvoirgroup.com
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