REG - Stobart Group Ltd - Director Shareholding <Origin Href="QuoteRef">STOB.L</Origin>

EskenAnnouncement

20/09/2017 14:11

RNS Number : 3190R
Stobart Group Limited
20 September 2017
20 September 2017
Stobart Group Limited
('the Company' or 'Stobart Group')
Director Shareholding
Stobart Group Limited, the infrastructure and support services group, has been notified that Andrew Tinkler, Executive Director of Stobart Group, has entered into arrangements to sell a proportion of his Stobart Group shares in order to re-balance his interests in Stobart Group and Stobart Capital, and the Company was notified on 19 September 2017 that, on the same date, he had sold 1.25 millionordinary shares in the Company at a price of 291.05 pence per share.
Commenting on the planned share sale, Iain Ferguson, Chairman of Stobart Group said "Andrew divides his time between his roles as an Executive Director of Stobart Group and as Executive Chairman of Stobart Capital, which was established to identify and develop investment opportunities for Stobart Group. The Stobart Group Board anticipates situations where it would welcome an investment commitment from Andrew alongside its own, and his planned share sales will enable him to make such investments."
On 18 September 2017, Andrew Tinkler gave irrevocable instructions to Cenkos Securities, the Company's joint broker, to sell up to 10m shares in the Company within certain pricing parameters, which would reduce his shareholding in Stobart Group by approximately 3% to approximately 5.25%. As he has no ongoing discretion in this matter, the trading plan can continue to operate during the current closed period of the Company and beyond if required.
Following the sale, Andrew's holding is as follows:
Director
No. of Ordinary Shares held prior to Sale
No. of Ordinary Shares Sold
No. of Ordinary Shares held following Sale
Percentage of Issued Share Capital following Sale
Andrew Tinkler
 28,476,811
1,250,000
27,226,811
7.73%
Notes
The Company's issued share capital consists of 354,328,831 ordinary shares, of which 2,285,425 ordinary shares are held in treasury. Therefore, the total number of voting rights in the Company, as at 20 September 2017, is 352,043,406.
Notification and public disclosure of transactions by persons discharging managerial responsibilities
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Tinkler
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Stobart Group Limited
b)
LEI
213800BINQVRZFKA3E89
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 10 pence each in Stobart Group Ltd
Identification code
ISIN: GB00B03HDJ73
b)
Nature of the transaction
Sale of Ordinary Shares in Stobart Group Ltd
c)
Price(s) and volume(s)
Price(s)
Volume(s)
291.05 pence
1,250,000
d)
Aggregated information
- Aggregated volume
1,250,000
- Price
291.05 pence
e)
Date of the transaction
19 September 2017
f)
Place of the transaction
London Stock Exchange (XLON)
Enquiries:
Stobart Group Limited C/o Redleaf Communications
Warwick Brady
Redleaf Communications +44 207 382 4730
Charlie Geller Stobart@redleafpr.com
Sam Modlin

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