REG - Pittards PLC - Purchase of own shares and Director dealing

PittardsAnnouncement

16/11/2020 14:00

RNS Number : 4613F
  
Pittards PLC
  
16 November 2020
  
 

16 November 2020
 
Pittards plc
("Pittards", the "Group" or the "Company")
 
Purchase of own shares and Director/ PDMR dealing
 
 
Pittards plc (AIM: PTD), the AIM listed manufacturer of specialty leather, announces that on 13 November 2020 it purchased 934,210 of its own ordinary shares of 50p each ("Ordinary Shares") at a price of 38 pence to be held as treasury shares.
 
The Company now holds 934,210 Ordinary Shares in treasury, and it is anticipated that these shares will principally be used to settle LTIP obligations.
 
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this purchase for treasury its issued share capital will remain the same and consist of 13,888,690 Ordinary Shares of which 934,210 are held in Treasury. Therefore, the total number of voting rights in the Company is 12,954,480. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
 
The Company, on 16 November 2020, also received notification of the following dealings in ordinary shares of 50p each in the capital of the Company.
 
Stephen Yapp, Non-Executive Chairman, purchased 65,789 Ordinary Shares at a price of 38 pence per share.
 
Reg Hankey, Chief Executive Officer, purchased 65,789 Ordinary Shares at a price of 38 pence per share.
 
Richard Briere, Chief Financial Officer, purchased  39,392 Ordinary Shares at a price of 38 pence per share.
 
Godfrey Davis, Non-Executive Director, purchased 26,315 Ordinary Shares at a price of 38 pence per share.
 
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,
provides further detail.
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 
 
For further information please contact:
 



Pittards plc        


 




Stephen Yapp - Chairman
Reg Hankey - Chief Executive
Richard Briere - Chief Financial Officer


01527 830 630




 


 




WH Ireland (Nominated Adviser & Joint Broker)


www.whirelandcb.com
 




Mike Coe / Chris Savidge (Corporate Finance)
Jasper Berry (Corporate Broking)


0207 220 1666



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


Reg Hankey




2 
 


Reason for the notification 




a) 
 


Position/status 


CEO




b) 
 


Initial notification /Amendment 
 


Initial Notification




3 
 


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




a) 
 


Name 
 


Pittards plc




b) 
 


LEI 
 


213800HAJ6N27BURB995




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 50p each
GB00BHB1XR83




b) 
 


Nature of the transaction 
 


Purchase




c) 
 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




38p


65,789








d) 
 


Aggregated information 
- Aggregated volume 
- Price 
 


 
65,789
£25,000
 




e) 
 


Date of the transaction 


16 November 2020




f) 
 


Place of the transaction 


London Stock Exchange, AIM



 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


Richard Briere




2 
 


Reason for the notification 




a) 
 


Position/status 


CFO




b) 
 


Initial notification /Amendment 
 


Initial Notification




3 
 


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




a) 
 


Name 
 


Pittards plc




b) 
 


LEI 
 


213800HAJ6N27BURB995




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 50p each
GB00BHB1XR83




b) 
 


Nature of the transaction 
 


Purchase




c) 
 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




38p


39,392








d) 
 


Aggregated information 
- Aggregated volume 
- Price 
 


 
39,392
£14,969
 




e) 
 


Date of the transaction 


13 November 2020




f) 
 


Place of the transaction 


London Stock Exchange, AIM



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


Stephen Yapp




2 
 


Reason for the notification 




a) 
 


Position/status 


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 
 


Pittards plc




b) 
 


LEI 
 


213800HAJ6N27BURB995




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 50p each
GB00BHB1XR83




b) 
 


Nature of the transaction 
 


Purchase




c) 
 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




38p


65,789








d) 
 


Aggregated information 
- Aggregated volume 
- Price 
 


 
65,789
£25,000
 




e) 
 


Date of the transaction 


16 November 2020




f) 
 


Place of the transaction 


London Stock Exchange, AIM



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


Godfrey Davis




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 participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


Pittards plc




b) 
 


LEI 
 


213800HAJ6N27BURB995




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 50p each
GB00BHB1XR83




b) 
 


Nature of the transaction 
 


Purchase




c) 
 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




38p


26,315








d) 
 


Aggregated information 
- Aggregated volume 
- Price 
 


 
26,315
£10,000
 




e) 
 


Date of the transaction 


13 November 2020




f) 
 


Place of the transaction 


London Stock Exchange, AIM



 

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