REG - Dart Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">DTG.L</Origin>

Jet2Announcement

08/12/2017 12:11

RNS Number : 8287Y
Dart Group PLC
08 December 2017
8 December 2017
Dart Group PLC (the "Company")
Director/PDMR Dealing
The Company announces that on 7 December 2017, Stephen Heapy, Director of Dart Group plc, who is considered to be a person discharging managerial responsibilities ("PDMR"), exercised options over 30,000 ordinary shares which were granted under a deed of grant dated 4 August 2011 at an exercise price of 85.0p per share. Following the exercise, Mr Heapy subsequently sold 12,425 ordinary shares of the resultant 30,000 ordinary shares, solely to fund the income tax, National Insurance liability and administrative fees arising on exercise.
Following these transactions, Mr Heapy holds 185,211 ordinary shares representing 0.12 per cent. of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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
Stephen Heapy
2
Reason for the notification
a)
Position/status
Director, Dart Group Plc
b)
Initial notification/Amendment
This is an initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Dart Group Plc
b)
LEI
I72RQ3PNLDPW8R7JIJ56
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 1.25 pence nominal value in Dart Group plc.
Identification code
GB00B1722W11
b)
Nature of the transaction
Exercise of 30,000 options granted pursuant to the Dart Group PLC Unapproved Share Option Plan 2005 and issued under a Deed of Grant dated 4 August 2011.
c)
Price(s) and volume(s)
Price
Volume
85.0p
30,000




d)
Aggregated information
N/A single transaction
e)
Date of the transaction
7 December 2017
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Stephen Heapy
2
Reason for the notification
a)
Position/status
Director, Dart Group Plc
b)
Initial notification/Amendment
This is an initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Dart Group Plc
b)
LEI
I72RQ3PNLDPW8R7JIJ56
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 1.25 pence nominal value in Dart Group plc.
Identification code
GB00B1722W11
b)
Nature of the transaction
Sale of 12,425 ordinary shares following the exercise to fund only the income tax, National Insurance liability and administrative fees arising on exercise. The balance of 17,575 ordinary shares have been retained by Mr Heapy.
c)
Price(s) and volume(s)
Price
Volume
689.12p
12,425




d)
Aggregated information
N/A single transaction
e)
Date of the transaction
7 December 2017
f)
Place of the transaction
AIMX

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