REG - Portmeirion Group - Exercise of Options and PDMR Shareholdings

PortmeirionAnnouncement

26/09/2022 07:00

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RNS Number : 5251A  Portmeirion Group PLC  26 September 2022

 

 

26 September 2022

 

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 22 September 2022, the following Executive
Directors exercised options which were granted on 8 August 2019 pursuant to
the Deferred Plan to subscribe for and retain a total of 6,973 ordinary shares
of 5 pence each in the Company ("Ordinary Shares") as detailed below:

 

                                    Number of           Total exercise  Total number of Ordinary Shares held following exercise of options  Percentage of Company's issued share capital following exercise

                                    options exercised   Price                                                                               of options
 Mike Raybould, Chief Executive     4,358               £1              11,886                                                              0.08%
 Mick Knapper, Operations Director  2,615               £1              8,191                                                               0.06%

 

In addition, a former employee of the Company exercised 1,390 options granted
on 8 August 2019 under the Deferred Plan.

 

Accordingly, the Company transferred 8,363 Ordinary Shares on 22 September
2022 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 210,282 and the Company will have
14,204,087 Ordinary Shares in issue and 13,993,805 Ordinary Shares with voting
rights. The figure of 13,993,805 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 4,358 Deferred Plan options over Ordinary Shares
                                              exercised by Mike Raybould.

                                              Exercise price of £1 per all 2,615 Deferred Plan options over Ordinary Shares
                                              exercised by Mick Knapper.

 e)  Aggregated information                   £1

     -     Aggregated volume                  £1

     -     Price
 f)  Date of the transactions                 22 September 2022
 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

 Singer Capital Markets            +44 (0) 207 496 3000

 (Joint Broker):
 Peter Steel                       Corporate Finance
 Rachel Hayes                      Corporate Broking

 

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