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RNS Number : 9293R Likewise Group PLC 11 July 2022
11 July 2022
Likewise Group plc
("Likewise", or the "Company")
Director and PDMR Dealing
Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings
distributor, announces that it has been notified that, on 8 July 2022, Chief
Executive Officer Tony Brewer, Non-Executive Director Andrew Simpson and PDMRs
Adrian Laffey and James Kellett (together the "PDMRs"), have purchased an
aggregate of 179,800 ordinary shares of 1 pence each in the Company ("Shares")
at prices from 27.7 pence per Share to 28.5 pence per Share.
Following the purchases, the PDMRs are beneficially interested in the voting
capital of the Company as follows:
Shareholder Role Number of Shares purchased Total Shares beneficially interested in Percentage of voting rights
Tony Brewer Chief Executive Officer 109,550 29,742,500 12.20%
Andrew Simpson Non-Executive Director 35,000 19,735,000 8.09%
Adrian Laffey Mainstream Residential Director 21,250 6,806,607 2.79%
James Kellett Mainstream Contract Director 14,000 5,449,714 2.24%
As disclosed in the Company's General Meeting circular posted to shareholders
on 22 June 2022, the PDMRs are members of a concert party with other pre-IPO
shareholders (the "Concert Party"), which has been agreed with the Panel on
Takeovers and Mergers (the "Panel"). In addition to the purchases by the
PDMRs, the Company has been informed that Stuart Large, who is also a member
of the Concert Party, acquired Shares on 8 July 2022.
These purchases have been permitted by the Panel under Note 11 of Rule 9 of
the Takeover Code because (a) the purchases do not exceed 1% of the issued
share capital of the Company as at 8 July 2022; and (b) the Concert Party has
not exceeded the highest percentage of Shares in which it has been interested
in the past 12 months. All of the purchases have been made utilising the
proceeds of the Company's maiden dividend, which was paid on 8 July 2022.
As a result of these purchases, the overall holding of the Concert Party in
the voting rights of the Company is now 34.10%.
For further information, please contact:
Likewise Group plc Tel: 0121 871 2900
Tony Brewer, Chief Executive
Roy Povey, Chief Financial Officer
Zeus (Nominated Adviser & Joint Broker) Tel: 0203 829 5000
Jordan Warburton / David Foreman / James Edis (Investment Banking)
Dominic King (Corporate Broking)
Ravenscroft Consultancy & Listing Services Limited (Joint Broker) Tel: 01481 732746
Semelia Hamon (Corporate Finance)
Novella Communications (Financial PR) Tel: 0203 151 7008
Claire de Groot / Tim Robertson
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
In accordance with Article 19 of the UK Market Abuse Regulation, detailed
information is set out below.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Tony Brewer
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 participation, auction
platform, auctioneer or auction monitor
a) Name: Likewise Group plc
b) LEI: 2138007L822RL2CXMV34
4. Details of 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: Ordinary shares of £0.01
Identification code: ISIN: GB00BHNWH003
b) Nature of the transaction: Purchase of Shares
c) Price(s) and volume(s): Price(s) Volume(s)
28.48204 pence 109,550
d) Aggregated volume: As above
Price:
e) Date of the Transaction: 8 July 2022
f) Place of the Transaction: London Stock Exchange
4.
Details of 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:
Identification code:
Ordinary shares of £0.01
ISIN: GB00BHNWH003
b)
Nature of the transaction:
Purchase of Shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
28.48204 pence
109,550
d)
Aggregated volume:
Price:
As above
e)
Date of the Transaction:
8 July 2022
f)
Place of the Transaction:
London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Andrew Simpson
2 Reason for the notification
a) Position/Status: Non-Executive Director
b) Initial Notification/Amendment: Initial Notification
3 Details of the issuer, emission allowance market participation, auction
platform, auctioneer or auction monitor
a) Name: Likewise Group plc
b) LEI: 2138007L822RL2CXMV34
4. Details of 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: Ordinary shares of £0.01
Identification code: ISIN: GB00BHNWH003
b) Nature of the transaction: Purchase of Shares
c) Price(s) and volume(s): Price(s) Volume(s)
27.7 pence 35,000
d) Aggregated volume: As above
Price:
e) Date of the Transaction: 8 July 2022
f) Place of the Transaction: London Stock Exchange
4.
Details of 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:
Identification code:
Ordinary shares of £0.01
ISIN: GB00BHNWH003
b)
Nature of the transaction:
Purchase of Shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
27.7 pence
35,000
d)
Aggregated volume:
Price:
As above
e)
Date of the Transaction:
8 July 2022
f)
Place of the Transaction:
London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Adrian Laffey
2 Reason for the notification
a) Position/Status: Mainstream Residential Director
b) Initial Notification/Amendment: Initial Notification
3 Details of the issuer, emission allowance market participation, auction
platform, auctioneer or auction monitor
a) Name: Likewise Group plc
b) LEI: 2138007L822RL2CXMV34
4. Details of 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: Ordinary shares of £0.01
Identification code: ISIN: GB00BHNWH003
b) Nature of the transaction: Purchase of Shares
c) Price(s) and volume(s): Price(s) Volume(s)
28.48204 pence 21,250
d) Aggregated volume: As above
Price:
e) Date of the Transaction: 8 July 2022
f) Place of the Transaction: London Stock Exchange
4.
Details of 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:
Identification code:
Ordinary shares of £0.01
ISIN: GB00BHNWH003
b)
Nature of the transaction:
Purchase of Shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
28.48204 pence
21,250
d)
Aggregated volume:
Price:
As above
e)
Date of the Transaction:
8 July 2022
f)
Place of the Transaction:
London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name: James Kellett
2 Reason for the notification
a) Position/Status: Mainstream Contract Director
b) Initial Notification/Amendment: Initial Notification
3 Details of the issuer, emission allowance market participation, auction
platform, auctioneer or auction monitor
a) Name: Likewise Group plc
b) LEI: 2138007L822RL2CXMV34
4. Details of 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: Ordinary shares of £0.01
Identification code: ISIN: GB00BHNWH003
b) Nature of the transaction: Purchase of Shares
c) Price(s) and volume(s): Price(s) Volume(s)
28.48204 pence 14,000
d) Aggregated volume: As above
Price:
e) Date of the Transaction: 8 July 2022
f) Place of the Transaction: London Stock Exchange
4.
Details of 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:
Identification code:
Ordinary shares of £0.01
ISIN: GB00BHNWH003
b)
Nature of the transaction:
Purchase of Shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
28.48204 pence
14,000
d)
Aggregated volume:
Price:
As above
e)
Date of the Transaction:
8 July 2022
f)
Place of the Transaction:
London Stock Exchange
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