Van Elle Holdings - Director / PDMR Shareholding
Van Elle Holdings plc
('Van Elle', the 'Company' or the 'Group')
Director / PDMR Shareholding
Van Elle Holdings plc (AIM:VANL) the UK's largest ground engineering contractor, announces it has been notified of the following transactions over ordinary shares of 2 pence each in the Company ("Ordinary Shares").
Mark Cutler, Chief Executive Officer, has exercised options pursuant to the Company's Long Term Incentive Scheme ("LTIP") in respect of 419,471 Ordinary Shares (the "LTIP Awards") at an exercise price of 2 pence per share. Mr Cutler subsequently sold 189,803 Ordinary Shares to meet the cost of the associated personal taxation liabilities.
The LTIP Awards have been satisfied by way of transfer from the Employee Benefit Trust.
Following these transactions, Mr Cutler and those persons closely associated with him, are interested in 1,297,096 Ordinary Shares, representing approximately 1.20% of the Company's issued share capital.
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Mr Mark Cutler
2.
Reason for the notification
a.
Position/status
Chief Executive Officer
b.
Initial notification
/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
Van Elle Holdings plc
b.
LEI
213800LQC6YL8KJT1Y18
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 2p each
ISIN: GB00BYX4TP46
b.
Nature of the transaction
1. Exercise of options under LTIP
2. Sale of Ordinary Shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
1. 2.0p
2. 51.0p
419,471
189,803
d.
Aggregated information
- Aggregated volume
- Price
N/A
e.
Date of the transaction
2 June 2026
f.
Place of the transaction
London Stock Exchange, AIM
For further information, please contact:
Van Elle Holdings plc
Mark Cutler, Chief Executive Officer
Graeme Campbell, Chief Financial Officer
Via Walbrook
Peel Hunt LLP (Nominated Adviser and Joint Broker)
Ed Allsopp
Charlotte Sutcliffe
Tom Graham
Tel: 020 7418 8900
Singer Capital Markets (Joint Broker)
James Serjeant
Dan Ingram
Tel: 020 7496 3000
Walbrook PR Limited
Tel: 020 7933 8780
or vanelle@walbrookpr.com
Tom Cooper
Nick Rome
07971 221 972
07748 325 236
About Van Elle Holdings plc:
Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a wide range of ground engineering techniques and services including ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.
Van Elle operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services; and is focused on diverse end markets including residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.
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