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ESCH - Escher Group News Story

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Last Trade - 15/11/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £13.9m
Position in Universe th / 1818

Escher Group Hldgs - Director/PDMR Shareholding

Wed 28th March, 2018 5:53pm
RNS Number : 3173J
Escher Group Holdings PLC
28 March 2018
 

28 March 2018

 

Escher Group Holdings plc

 

Director/PDMR Shareholding

 

Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software to the postal industry, received notification from a number of directors and PDMRs about sales of Ordinary Shares and exercise of options and subsequent sale of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited - full details are below.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

 

Sales of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited

 

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)

 

Names 

1. Liam Church

2. Fionnuala Higgins

3. Jacob Skowronek

4. Jeremy Folkes

5. Peter Dreifus

Reason for the notification

a)

 

Position/status

 

1. Liam Church - President and Chief Executive Officer

2. Fionnuala Higgins - Chief Commercial Officer

3. Jacob Skowronek - General Manger US Delivery

4. Jeremy Folkes - Chief Product Officer

5. Peter Dreifus - Chief Administrative Officer

b)

 

Initial notification /Amendment 

Initial Notification

3

 

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

a)

 

Name 

Escher Group Holdings plc

b)

 

LEI

213800J5MY8YOA1U9F06

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 EUR0.005

b)

Identification code 

IE00B6SKRB38

c) 

Nature of the transaction

Sale of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited

d)

 

Price(s) and volume(s)

1. Liam Church - 895,160 Ordinary Shares at a price of 185 pence per Ordinary Share

 

2. Fionnuala Higgins - 895,160 Ordinary Shares at a price of 185 pence per Ordinary Share

 

3. Jacob Skowronek - 40,000 Ordinary Shares at a price of 185 pence per Ordinary Share

 

4. Jeremy Folkes - 5,000 Ordinary Shares at a price of 185 pence per Ordinary Share

 

5. Peter Dreifus - 80,000 Ordinary Shares at a price of 185 pence per Ordinary Share

d)

 

Aggregated information 

- Aggregated volume

- Price

 

Aggregated volume: 1,915,320 Ordinary Shares

Price: 185 pence per Ordinary Share

e) 

Date of the transaction 

27 March 2018 (the date the Offer became unconditional in all respects)

f) 

Place of the transaction

Outside of a trading venue

 

 

 

Exercise of options and subsequent sale of Ordinary Shares by way of acceptance of the Takeover Offer of Exeter Acquisition Limited

 

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)

 

Names 

1. Liam Church

2. Clem Garvey

3. Fionnuala Higgins

4. Peter Dreifus

5. Pauline Kenna

6. Michael Sackton

7. Jacob Skowronek

Reason for the notification

a)

 

Position/status

 

1. Liam Church - President and Chief Executive Officer

2. Clem Garvey - Chief Financial Officer

3. Fionnuala Higgins - Chief Commercial Officer

4. Peter Dreifus - Chief Administration Officer

5. Pauline Kenna - General Manager Delivery

6. Michael Sackton - Chief Technical Officer

7. Jacob Skowronek - General Manager US Delivery

b)

 

Initial notification /Amendment 

Initial Notification

3

 

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

a)

 

Name

Escher Group Holdings plc

b) 

LEI

213800J5MY8YOA1U9F06

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 

Options over Ordinary Shares of EUR0.005

b)

Identification code 

IE00B6SKRB38

c) 

Nature of the transaction 

Exercise of options and, as envisaged, the concurrent sale of Ordinary Shares to Exeter Acquisition Limited under the share option proposal made by Exeter Acquisition Limited

d)

 

Price(s) and volume(s)

1. Liam Church - 25,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

 

2. Clem Garvey - 120,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

 

3. Fionnuala Higgins - 25,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

 

4. Peter Dreifus - 18,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

 

5. Pauline Kenna - 10,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

 

6. Michael Sackton - 10,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

 

7. Jacob Skowronek - 18,000 options over Ordinary Shares at a price of 185 pence per Ordinary Share

d)

 

Aggregated information 

- Aggregated volume

- Price

Aggregated volume: 226,000 options over Ordinary Shares

Price: 185 pence per Ordinary Share

 

e) 

Date of the transaction 

27 March 2018 (the date the proposal became unconditional in all respects)

f) 

Place of the transaction

Outside of a trading venue

 

Enquiries:

 

Escher www.eschergroupholdings.com

+353 (0)1 254 5400

Clem Garvey, Chief Financial Officer

 

 

 

Panmure Gordon

+44 (0)20 7886 2500

Andrew Godber / Alina Vaskina, Corporate Finance

 

Erik Anderson, Corporate Broking

 

 

 

Instinctif Partners

+44 (0)20 7457 2020

Adrian Duffield / Chris Birt

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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