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RNS Number : 2594J Slingsby(H.C.)Plc 09 December 2022
9 December 2022
H C SLINGSBY PLC
("Slingsby" or the "Company" or the "Group")
Director/PDMR Shareholding
The Company announces that it has been advised that Morgan Morris, Group Chief
Executive, purchased 30,061 ordinary shares of 25p each in the Company
("Ordinary Shares") at a price of 260 pence per share on 8 December 2022 from
the HC Slingsby Retirement Benefit Scheme ("the Acquired Shares").
Mr Morris has also agreed to pay further consideration as follows:
- If in the period up to 8 December 2025, the
Acquired Shares are sold at a price in excess of £3.50 then further
consideration of 50% of the excess over £3.50 will be payable to the vendors;
and
- If in the following two year period up to 8
December 2027, the Acquired Shares are sold at a price in excess of £4 then
further consideration of 50% of the excess over £4 will be payable to the
vendors.
Mr Morris is entitled to sell the 63,500 Ordinary Shares he held prior to the
acquisition of the Acquired Shares before the above further consideration
becomes payable.
Following this purchase, Morgan Morris has a total beneficial interest in
93,561 Ordinary Shares, equivalent to 8.91 per cent. of the Company's issued
ordinary share capital.
The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.
For further information, please contact:
H C Slingsby PLC Tel: 01274 535 030
Dominic Slingsby, Interim Executive Chairman
Morgan Morris, Group Chief Executive
Allenby Capital Limited (Nominated Adviser and Broker) Tel: 020 3328 5656
David Worlidge / George Payne
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) Name Morgan Morris
2 Reason for the notification
a) Position/status Group Chief Executive
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name H C Slingsby plc
b) LEI 2138004NA2QBB4KXV279
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 25 pence each in H C Slingsby plc
Identification code
GB0008138009
b) Nature of the transactions Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
260p 30,061
d) Aggregated information
- Aggregated volume 30,061
- Price 260p
- Principal amount £78,158.60
e) Dates of the transaction 8 December 2022
f) Place of transaction Off Market
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