REG - MS International PLC - Director/PDMR Shareholding

MS InternationalAnnouncement

07/08/2019 13:00

RNS Number : 2807I
MS International PLC
07 August 2019
 


7 August 2019
 
MS INTERNATIONAL plc
(the "Company")
 
Director/PDMR Shareholding
 
The Company was informed on 7 August 2019 that on the same day,  Mr Michael Bell, Executive Chairman, transfered 1,003,671 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") from his personal holding to Ms Adrienne Bell's personal holding ("Transfer"). The Transfer was at 209 pence per Ordinary Share.
Following the Transfer, Mr Bell holds 2,860,238 Ordinary Shares representing approximately 17.08% of the Company's issued share capital and Ms Bell holds 2,044,935 Ordinary Shares representing approximately 12.21% of the Company's issued share capital. The Transfer is part of a personal settlement under which Ms Bell has also agreed to give certain  undertakings to Mr Bell in relation to the Ordinary Shares subject to the Transfer. These undertakings include a right of first refusual for Mr Bell and the Board to acquire Ordinary Shares from Ms Bell if she seeks to sell more than 10,000 Ordinary Shares in one transaction. In addition, Ms Bell has been granted certain information rights by Mr Bell in relation to specified Company corporate actions for the duration that Mr Bell is a director of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail of the Transfer.
Template for 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
 
 


Mr Bell and Ms Bell




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Mr Bell is Executive Chairman of the Company
 




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


MS INTERNATIONAL plc




b)
 


LEI
 
 


213800Q34ZAXQ582YL41




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
 
Identification code
 


Ordinary shares of 10 pence each
 
 
ISIN: GB0005957005




b)
 


Nature of the transaction
 
 


Transfer of Ordinary Shares from Mr Bell's personal holding to Ms Bell
 




c)
 


Price(s) and volume(s)






Price(s)


Volume(s)




209  pence


1,003,671
 




 




d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 
 


N/A - single transaction




e)
 


Date of the transaction
 
 


7 August 2019




f)
 


Place of the transaction
 
 


Outside a trading venue




 
For further information please contact:
 
MS INTERNATIONAL plc                                                                             Tel: +44 (0)13 0232 2133
Michael Bell
 
Shore Capital
Nomad and Broker                                                                                      Tel: +44 (0)20 7408 4090

Patrick Castle/Daniel Bush
 




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