John Lewis Of Hunger - Director/PDMR Shareholding

John Lewis of Hungerford

13/05/2019 14:52

RNS Number : 8560Y

John Lewis Of Hungerford PLC

13 May 2019

 

13 May 2019

 

John Lewis of Hungerford plc

(the "Company")

 

Director/PDMR Shareholding

 

John Lewis of Hungerford Plc (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, announces that on 10 May 2019, the CEPACS Pension Scheme of which Gary O'Brien, Non-executive Chairman is a trustee and beneficiary, purchased 5,382,315 ordinary shares of 0.1p each ("Ordinary Shares") from the JLH plc Employee Benefit Trust ("EBT") at a price of 0.55 pence per Ordinary Share. Following this transaction, Gary O'Brien beneficially holds 5,382,315 Ordinary Shares in the Company representing 2.89 per cent. of the issued share capital.

 

The EBT was established in December 2007, for the purpose of providing share-based incentive awards to Directors, management and employees. All awards under the Company's former Employee Incentive Plan have now lapsed. Following the transaction, the EBT does not hold any Ordinary Shares. It is the intention of the Board to terminate the EBT as soon as practicable thereby eliminating the administration cost of the EBT to the Company.

 

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

Enquiries:

 

John Lewis of Hungerford plc
Gary O'Brien - Chairman
Kiran Noonan, Managing Director
01235 774300
Cenkos Securities plc
Katy Birkin
Azhic Basirov
0207 397 8900

 

 

 

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
CEPACS Pension Scheme
2
Reason for the notification
a)
Position/status
Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Gary O'Brien, a PDMR (Non-Executive Chairman)
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
John Lewis of Hungerford plc
b)
LEI
254900N2MR89E8ZEO985
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 0.1p each
Identification code
GB0004773148
b)
Nature of the transaction
Purchase of Ordinary Shares from the JLH plc Employee Benefit Trust
c)
Price(s) and volumes(s)
Price(s)
Volume(s)
£0.0055
5,382,315
d)
Aggregated information
N/A (single transaction)
Aggregated volume
N/A (single transaction)
Price
N/A (single transaction)
e)
Date of the transaction
10 May 2019
f)
Place of the transaction
XOFF

 

 

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END

 

 

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