REG - Inspecs Group PLC - Director/PDMR Share Dealing
31/03/2022 16:30
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RNS Number : 8330G Inspecs Group PLC 31 March 2022
31 March 2022
Inspecs Group Plc
("Inspecs" the "Company" or "Group")
Director/PDMR Share Dealing
On 31 March 2022, Robin Totterman (Chief Executive Officer of the Group) and
Chris Kay (Chief Financial Officer of the Group) (together, the "Transferors")
each transferred Ordinary Shares of 1 pence each in the capital of the Company
("Ordinary Shares") to Marc Lefebvre and Chorus Services Limited (c/o Michael
Zhang) (the "Transferees") in settlement of contractual share awards of
Ordinary Shares granted by the Transferors to the Transferees on 24 February
2020 prior to the Company's initial public offering on 27 February 2020. The
Ordinary Shares were transferred for nil consideration.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Robin Christian Bjorn 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 Transfer of 634,901 ordinary shares to Marc Lefebvre for nil consideration
pursuant to the vesting of a share award.
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 634,901
e) Aggregated information: N/A
i. Aggregated volume
ii. price
f) Date of the transaction 31 March 2022
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
Transfer of 634,901 ordinary shares to Marc Lefebvre for nil consideration
pursuant to the vesting of a share award.
d) Price(s) and volume(s)
Price(s) Volume(s)
Nil 634,901
e) Aggregated information:
i. Aggregated volume
ii. price
N/A
f) Date of the transaction
31 March 2022
g) Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Robin Christian Bjorn 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 Transfer of 634,901 ordinary shares to Chorus Services Limited (c/o Michael
Zhang) for nil consideration pursuant to the vesting of a share award.
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 634,901
e) Aggregated information: N/A
i. Aggregated volume
ii. price
f) Date of the transaction 31 March 2022
g) Place of the transaction Outside a trading venue
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 Transfer of 51,924 ordinary shares to Marc Lefebvre for nil consideration
pursuant to the vesting of a share award.
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,924
e) Aggregated information: N/A
i. Aggregated volume
ii. price
f) Date of the transaction 31 March 2022
g) Place of the transaction Outside a trading venue
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 Transfer of 51,924 ordinary shares to Chorus Services Limited (c/o Michael
Zhang) for nil consideration pursuant to the vesting of a share award.
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,924
e) Aggregated information: N/A
i. Aggregated volume
ii. price
f) Date of the transaction 31 March 2022
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
Transfer of 634,901 ordinary shares to Chorus Services Limited (c/o Michael
Zhang) for nil consideration pursuant to the vesting of a share award.
d) Price(s) and volume(s)
Price(s) Volume(s)
Nil 634,901
e) Aggregated information:
i. Aggregated volume
ii. price
N/A
f) Date of the transaction
31 March 2022
g) Place of the transaction
Outside a trading venue
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
Transfer of 51,924 ordinary shares to Marc Lefebvre for nil consideration
pursuant to the vesting of a share award.
d) Price(s) and volume(s)
Price(s) Volume(s)
Nil 51,924
e) Aggregated information:
i. Aggregated volume
ii. price
N/A
f) Date of the transaction
31 March 2022
g) Place of the transaction
Outside a trading venue
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
Transfer of 51,924 ordinary shares to Chorus Services Limited (c/o Michael
Zhang) for nil consideration pursuant to the vesting of a share award.
d) Price(s) and volume(s)
Price(s) Volume(s)
Nil 51,924
e) Aggregated information:
i. Aggregated volume
ii. price
N/A
f) Date of the transaction
31 March 2022
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
FTI Consulting (Financial PR) Tel: +44 (0) 20 3727 1000
Alex Beagley
Alice Newlyn
Harriet Jackson
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).
INSPECS aims to be the leader in eyewear solutions through its vertically
integrated business model and has adopted a three-pillar growth strategy to
achieve this: (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.
The Group has completed a number of significant acquisitions since its IPO in
February 2020. In December 2020, INSPECS acquired Eschenbach, a leading,
global, eyewear supplier headquartered in Nuremberg, Germany, which includes
the American company Tura. 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. In December 2021 the Group acquired
Ego Eyewear, a design and licensing company which uses third party eyewear
manufacturers to produce premium fashion brands, and BoDe, a distributor of
optical and sunglasses frames principally to the German 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.
More information is available at: https://inspecs.com (https://inspecs.com)
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