REG - Marks Electrical Grp - Director/PDMR Shareholdings

Marks ElectricalAnnouncement

25/04/2024 07:15

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RNS Number : 9421L  Marks Electrical Group plc  25 April 2024

 

 

     25 April 2024

 

 

Marks Electrical Group plc

 

Director/PDMR Shareholdings

 

Notification of transactions by persons discharging managerial
responsibilities ("PDMR")

 

Marks Electrical Group plc ("Marks Electrical", "the Company" or "the Group"),
a fast-growing online electrical retailer, today announces that Josh Egan,
Chief Financial Officer of the Group, transferred 40,000 ordinary shares of 1
pence each in the Company ("Ordinary Share") from his personal holdings into
his Individual Savings Account ("ISA") and his Self-Invested Personal Pension
("SIPP") at a price of 70 pence per Ordinary Share (the "Transfer"). The
Transfer was effected by the sale and immediate repurchase of the Ordinary
Shares. Following the Transfer, Josh Egan's beneficial interest in the Company
remains unchanged at an aggregate of 142,000* Ordinary Shares.

* 2,000 ordinary shares are held by Mariam Egan.

 

The Notification of Dealing Form is set out below.

The following transaction has been notified to the Company pursuant to Article
19.1(a) of the UK Market Abuse Regulation ("MAR"). This notification is issued
in accordance with Article 19.3 of MAR.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated ("PCA")
 a)  Name                                             Josh Egan
 2   Reason for the notification
 a)  Position/status                                  PDMR (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                                             Marks Electrical Group plc
 b)  LEI                                              2138007KN8TKPIXIQE92
 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          Ordinary shares of 1 pence each
 b)  Identification code of the Financial Instrument  ISIN: GB00BM8Q5G47
 c)  Nature of the transaction                        Transfer of Ordinary Shares into ISA and SIPP

 d)  Price(s) and volume(s)

Transaction               Price(s)  Volume(s)
                                                      Shares sold               £0.7000   40,000
                                                      Shares purchased by ISA   £0.7005   22,857
                                                      Shares purchased by SIPP  £0.7005   17,143

 

 e)  Aggregated information:  volume, Price           Single Transaction
 f)  Date of the transaction                          24 April 2024
 g)  Place of the transaction                         London Stock Exchange

 

 

e)

Aggregated information:  volume, Price

Single Transaction

f)

Date of the transaction

24 April 2024

g)

Place of the transaction

London Stock Exchange

 

 

Enquiries:

 Marks Electrical Group plc                    Via Dentons Global Advisors

 Mark Smithson, CEO

 Josh Egan, CFO                                Tel: +44 (0) 20 7664 5095

 Dentons Global Advisors (Financial PR)        Tel: +44 (0) 20 7664 5095

 Jonathon Brill / James Styles / Fern Duncan   markselectrical@dentonsglobaladvisors.com
                                               (mailto:markselectrical@dentonsglobaladvisors.com)

 Canaccord Genuity (NOMAD and Broker)          Tel: +44 (0) 207 523 8000

 Max Hartley / George Grainger

 

 

 

 

 

 

 

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