REG - Dart Group PLC - Director/PDMR Shareholdings

Jet2Announcement

22/07/2020 14:20

RNS Number : 7932T
  
Dart Group PLC
  
22 July 2020
  
 

22 July 2020
 
Dart Group PLC
(the "Company")
 
Director/PDMR Shareholdings
 
Dart Group PLC, the Leisure Travel group, announces that on 20 July 2020, Steve Heapy, Chief Executive Officer and Gary Brown, Chief Financial Officer subscribed for 25,610 and 24,024 ordinary shares of 1.25p each in the Company ("Ordinary Shares") at 1.25p per Ordinary Share, respectively, pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.
 
In order to fund only the income tax, National Insurance liabilities and administrative fees arising on vesting, Stephen Heapy and Gary Brown subsequently sold 11,961 and 11,220 Ordinary Shares and retained the balance of 13,649 and 12,804 Ordinary Shares, respectively. 
 
Following these transactions, Mr Heapy beneficially holds a total of 249,111 Ordinary Shares, representing approximately 0.14% of the Company's issued share capital, and Mr Brown beneficially holds a total of 79,176 Ordinary Shares, representing approximately 0.04% of the Company's issued share capital.
 
The notifications below, made in accordance with the requirements of the Market Abuse Regulation (596/2014), provide further details.
 
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


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


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 1.25p each








Identification code


GB00B1722W11




b)


Nature of the transaction


Subscription for shares pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.




c)


Price(s) and volumes(s)


Price(s)


Volume(s)




£0.0125


25,610




d)


Aggregated information


N/A single transaction








Aggregated volume


N/A single transaction








Price


N/A single transaction




e)


Date of the transaction


20 July 2020




f)


Place of the transaction


AIMX



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Stephen Heapy




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


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 1.25p each








Identification code


GB00B1722W11




b)


Nature of the transaction


Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 13,649 Ordinary Shares has been retained.




c)


Price(s) and volumes(s)


Price(s)


Volume(s)




£7.2099


11,961




d)


Aggregated information


N/A single transaction 








Aggregated volume


N/A single transaction








Price


N/A single transaction




e)


Date of the transaction


22 July 2020




f)


Place of the transaction


AIMX



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gary Brown




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


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 1.25p each








Identification code


GB00B1722W11




b)


Nature of the transaction


Subscription for shares pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.




c)


Price(s) and volumes(s)


Price(s)


Volume(s)




£0.0125


24,024




d)


Aggregated information


N/A single transaction








Aggregated volume


N/A single transaction








Price


N/A single transaction




e)


Date of the transaction


20 July 2020




f)


Place of the transaction


AIMX



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gary Brown




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


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 1.25p each








Identification code


GB00B1722W11




b)


Nature of the transaction


Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 12,804 Ordinary Shares has been retained.




c)


Price(s) and volumes(s)


Price(s)


Volume(s)




£7.2099


11,220




d)


Aggregated information


N/A single transaction 








Aggregated volume


N/A single transaction








Price


N/A single transaction




e)


Date of the transaction


22 July 2020




f)


Place of the transaction


AIMX



 
 
For further information please contact:
 



Dart Group PLC
Philip Meeson, Executive Chairman
Ian Day, Group Company Secretary
 


0113 239 7817
 




Cenkos Securities plc
Nominated Adviser
Katy Birkin / Russell Cook
 


020 7397 8900

































 
 
 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
DSHUUAORRBUBUAR