Exercise of Options, Director/PDMR Dealing & TVR

Belvoir

07/09/2021 07:00

RNS Number : 9059K

Belvoir Group PLC

07 September 2021

 

BELVOIR GROUP PLC

(the "Company", the "Group" or "Belvoir")

Exercise of Options

Director/PDMR Dealing

and

Total Voting Rights

 

Belvoir Group plc (AIM: BLV), a leading UK property franchise group, announces that it has allotted 930,339 new ordinary shares of 1p each ("Ordinary Shares") following the exercise of share options under the Company's EMI, LTIP and CSOP share option schemes by certain PDMRs (together the "Exercising PDMRs").  Further to the exercise of such options the Exercising PDMRs have sold, in aggregate, 686,000 Ordinary Shares arising from such exercise at a price of 250 pence per Ordinary Share as set out below.

In the case of Dorian Gonsalves, CEO, and Louise George, CFO, they have retained broadly 50% and 100% of their respective gain after exercise price, tax and costs, both increasing their aggregate holding in the Company accordingly.

 

Director/PDMR
Current holding of Ordinary Shares
Options exercised
Ordinary Shares sold
Resultant holding of Ordinary Shares
% of TVR
Dorian Gonsalves
483,595
644,727
482,000
646,322
1.7
Louise George
327,532
175,000
93,388
409,144
1.1
Julie Wilson
nil
110,612
110,612
nil
0.0

 

Application has been made to the London Stock Exchange for the 930,339 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 10 September 2021.

 

Following Admission, the total number of Ordinary Shares in issue will be 37,292,113 and the total number of voting rights will therefore be 37,292,113. There are no Ordinary Shares held in treasury.  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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

The announcement contains inside information.

 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, Charlotte Sutcliffe (ECM)
www.finncap.com
+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 467 offices across six brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages 71,600 properties and reported record revenues of £21.7m in 2020 marking Belvoir's 24th year of unbroken profit growth.

For further information, please visit: www.belvoirgroup.com

 

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
213800FPT3JTZYB3FP61
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
Ordinary Shares of 1p each
ISIN: GB00B4QY1P51
b.
Nature of the transaction
Exercise of Share Options held under the Company's LTIP and Sale of Ordinary Shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
1p Exercise price
644,727
Option Exercise
250p
482,000
Sale
d.
Aggregated information
As above
e.
Date of the transaction
6 September 2021
f.
Place of the transaction
London Stock Exchange


 

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
Louise George
2
Reason for 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
Belvoir Group PLC
b.
LEI
213800FPT3JTZYB3FP61
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
Ordinary Shares of 1p each
ISIN: GB00B4QY1P51
b.
Nature of the transaction
Exercise of Share Options held under the Company's EMI Scheme and Sale of Ordinary Shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
132p Exercise price
175,000
Option Exercise
250p
93,388
Sale
d.
Aggregated information
As above
e.
Date of the transaction
6 September 2021
f.
Place of the transaction
London Stock Exchange


 

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
Julie Wilson
2
Reason for notification
a.
Position/Status
Group Financial Controller
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
213800FPT3JTZYB3FP61
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
Ordinary Shares of 1p each
ISIN: GB00B4QY1P51
b.
Nature of the transaction
Exercise of Share Options held under the Company's CSOP and EMI Schemes and Sale of Ordinary Shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
132p Exercise price
60,000
EMI Option Exercise
116p Exercise price
20,000
EMI Option Exercise
98p Exercise Price
30,612
CSOP Option Exercise
250p
110,612
Sale
d.
Aggregated information
Option exercise: 110,612 shares at 119.7p
Share sale: as above
e.
Date of the transaction
6 September 2021
f.
Place of the transaction
London Stock Exchange


 

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