REG - Portmeirion Group - Exercise of Options and PDMR Shareholdings

PortmeirionAnnouncement

03/06/2021 15:00

RNS Number : 7748A
  
Portmeirion Group PLC
  
03 June 2021
  
 

 
 
3 June 2021
 
 
Portmeirion Group PLC
(the "Company" and the "Group")
 
Exercise of Options, Transfer of Treasury Shares and PDMR Shareholdings
 
The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan") Exercises
 
The Company announces that, on 2 June 2021, the following Executive Directors exercised options which were granted on 21 May 2018 pursuant to the Deferred Plan to subscribe for and retain a total of 4,667 ordinary shares of 5 pence each in the Company ("Ordinary Shares") as detailed below:
 




 


Number of
options exercised


Total exercise
Price 


Total number of Ordinary Shares held following exercise of options
 


% of Company's issued share capital following exercise of options




Mike Raybould, Chief Executive


2,917


£1


5,548


0.4%




Mick Knapper, Operations Director


1,750


£1


5,576


0.4%




 
In addition, a former employee of the Company exercised 3,663 options granted on 21 May 2018 under the Deferred Plan.
 
Accordingly, the Company transferred 8,330 Ordinary Shares on 2 June 2021 from shares held in treasury by the Company in respect of the above exercises.
 
Following the above transfer of treasury stock, the total number of Ordinary Shares held by the Company in treasury is 218,645 and the Company will have 14,204,087 Ordinary Shares in issue and 13,985,442 Ordinary Shares with voting rights. The figure of 13,985,442 Ordinary Shares may be used by shareholders of Portmeirion Group PLC as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
 
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
 
_____________________________________________
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
 




1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name
 


Mike Raybould - Chief Executive
Mick Knapper - Operations Director




2.


Reason for the notification




a)


Position/status


See 1(a) above for all positions - all classified as PDMRs 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


Portmeirion Group PLC




b)


LEI


2138003QC9J6TLZJHO70




3.


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 5 pence each




b)


Identification code


GB0006957293




c)


Nature of the transactions


Exercise of options over Ordinary Shares




d)


Price(s) and volume(s)


Exercise price of £1 per all 2,917 Deferred Plan options over Ordinary Shares exercised by Mike Raybould.
 
Exercise price of £1 per all 1,750 Deferred Plan options over Ordinary Shares exercised by Mick Knapper.
 




e)


Aggregated information
-     Aggregated volume
-     Price


£1
£1




f)


Date of the transactions


2 June 2021




f)


Place of the transactions


Outside a trading venue




 
Name of authorised official of issuer responsible for making notification:
 
Moira MacDonald
Company Secretary to Portmeirion Group PLC
 
 
 
 
 
ENQUIRIES:
 




Portmeirion Group PLC:


 


 




Mike Raybould


+44 (0) 1782 743443


mraybould@portmeiriongroup.com




Chief Executive 
David Sproston


 
+44 (0) 1782 743443


 
dsproston@portmeiriongroup.com




Group Finance Director 


 
 


 




Hudson Sandler: 


 


 




Dan de Belder


+44 (0) 207 796 4133


ddebelder@hudsonsandler.com




Nick Moore
 
 


 


nmoore@hudsonsandler.com
 




Panmure Gordon 
(Nominated Adviser and Broker): 


 
+44 (0) 207 886 2500


 




Freddy Crossley 


Corporate Finance


 




Rupert Dearden


Corporate Broking


 




 
N+1 Singer 
(Joint Broker): 


 
+44 (0) 207 496 3000


 




Peter Steel 


Investment Banking


 




Rachel Hayes


 


 




Sebastian Burke

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