REG - Inspecs Group PLC - Director/PDMR Share Dealing

InspecsAnnouncement

24/12/2021 08:15

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RNS Number : 7553W  Inspecs Group PLC  24 December 2021

24 December 2021

Inspecs Group Plc

("Inspecs" the "Company" or "Group")

 

Director/PDMR Share Dealing

 

On 23 December 2021, the following options to acquire Ordinary Shares of 1
pence each in the capital of the Company ("Ordinary Shares") were granted
under the Inspecs Long Term Incentive Plan 2020 ("LTIP") to Robin Totterman
and Chris Kay, the Chief Executive Officer and Chief Financial Officer
respectively, of the Group. Each option entitled the optionholder to acquire
50,000 Ordinary Shares at an exercise price of 370 pence per Ordinary Share.
The options vest on the 23 December 2024, being the third anniversary of
grant, subject to the optionholder's continued employment with the Group.

 

 1.   Details of the person discharging managerial responsibilities/person
 closely associated

 a)   Name                                                           Christopher Kay
 2.   Reason for the 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                                                           Inspecs Group plc
 b)   LEI                                                            2138008Z4S4DHR6NE933
 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 1 pence
 b)   Identification code                                            GB00BK6JPP03
 c)   Nature of the transaction                                      Grant of options over 50,000 ordinary shares with an exercise price of 370
                                                                     pence per share under the Inspecs Long Term Incentive Plan
 d)   Price(s) and volume(s)                                             Price(s)   Volume(s)
                                                                         370 pence  50,000
 e)   Aggregated information:                                        N/A

 i. Aggregated volume

 ii. price
 f)    Date of the transaction                                       23 December 2021
 g)   Place of the transaction                                       Outside a trading venue

2.   Reason for the 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

Inspecs Group plc

b)   LEI

2138008Z4S4DHR6NE933

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 1 pence

b)   Identification code

GB00BK6JPP03

c)   Nature of the transaction

Grant of options over 50,000 ordinary shares with an exercise price of 370
pence per share under the Inspecs Long Term Incentive Plan

d)   Price(s) and volume(s)

     Price(s)   Volume(s)
     370 pence  50,000

e)   Aggregated information:

i. Aggregated volume

ii. price

N/A

f)    Date of the transaction

23 December 2021

g)   Place of the transaction

Outside a trading venue

 

 

 1.   Details of the person discharging managerial responsibilities/person
 closely associated

 a)   Name                                                           Robin Totterman
 2.   Reason for the 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                                                           Inspecs Group plc
 b)   LEI                                                            2138008Z4S4DHR6NE933
 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 1 pence
 b)   Identification code                                            GB00BK6JPP03
 c)   Nature of the transaction                                      Grant of options over 50,000 ordinary shares with an exercise price of 370
                                                                     pence per share under the Inspecs Long Term Incentive Plan
 d)   Price(s) and volume(s)                                             Price(s)   Volume(s)
                                                                         370 pence  50,000
 e)   Aggregated information:                                        N/A

 i. Aggregated volume

 ii. price
 f)    Date of the transaction                                       23 December 2021
 g)   Place of the transaction                                       Outside a trading venue

2.   Reason for the 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

Inspecs Group plc

b)   LEI

2138008Z4S4DHR6NE933

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 1 pence

b)   Identification code

GB00BK6JPP03

c)   Nature of the transaction

Grant of options over 50,000 ordinary shares with an exercise price of 370
pence per share under the Inspecs Long Term Incentive Plan

d)   Price(s) and volume(s)

     Price(s)   Volume(s)
     370 pence  50,000

e)   Aggregated information:

i. Aggregated volume

ii. price

N/A

f)    Date of the transaction

23 December 2021

g)   Place of the transaction

Outside a trading venue

 

 

For further information please contact:

 

 Inspecs Group plc                         via FTI Consulting

 Robin Totterman (CEO)                     Tel: +44 (0) 20 3727 1000

 Chris Kay (CFO)

 Peel Hunt (Nominated Adviser and Broker)  Tel: +44 (0) 20 7418 8900

 Adrian Trimmings

 Andrew Clark

 Will Bell
                                           Tel: +44 (0) 20 3727 1000

 FTI Consulting (Financial PR)

 Alex Beagley

 Alice Newlyn

 

 

About Inspecs Group plc

 

Inspecs is a Bath-based designer, manufacturer and distributor of eyewear
frames and optically advanced spectacle lenses. The Group produces a broad
range of frames and lenses, covering optical, sunglasses and safety, which are
either "Branded" (either under licence or under the Group's own proprietary
brands), or "OEM" (including private label on behalf of retail customers and
un-branded).

 

In December 2020, Inspecs acquired Eschenbach, a leading, global, eyewear
supplier headquartered in Nuremberg, Germany, which includes the American
company Tura. The acquisition extended the Group's presence internationally in
key global markets. This followed the acquisition of lens maker Norville in
July 2020, whereby Inspecs combined two heritage brands in British optical,
Savile Row frame maker, and Norville lens maker, further enhancing its
vertically integrated business model. As one of only a few companies that can
offer this one-stop-shop solution to global retail chains, Inspecs is well
positioned to continue to take market share in the globally expanding eyewear
market.

 

Inspecs customers include global optical and non-optical retailers, global
distributors and independent opticians, with its distribution network covering
over 80 countries and reaching approximately 70,000 points of sale.

 

Inspecs has operations across the globe: with offices in the UK, Portugal,
Scandinavia, the US and China (Hong Kong, Macau and Shenzhen), and
manufacturing facilities in Vietnam, China, the UK and Italy. With the
acquisition of Eschenbach, the Group's international reach further extends
across Europe and the American markets.

 

The Group's growth strategy going forward is to: (i) continue to grow
organically; (ii) undertake further acquisitions (and drive value through
leveraging the Group's internal capabilities); and (iii) extend the Group's
manufacturing capacity.

 

More information is available at: www.INSPECS.com (http://www.INSPECS.com) .

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