REG - Venture Life Group - Director/PDMR Shareholding

Venture LifeAnnouncement

17/04/2018 07:05

RNS Number : 0830L
Venture Life Group PLC
17 April 2018
 

Venture Life Group plc
 
("Venture Life" or "the Company")
 
Director/PDMR Shareholding
 
Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the self-care market announces that, on 16 April 2018, Gianluca Braguti, a Director of the Company, transferred a total of 2.3 million ordinary shares of 0.3p each in the Company for nil consideration, subject to the terms of a lock-in deed as described below, to his two sons and his former wife (the 'Locked-in Parties'). Following the transaction, Gianluca Braguti's beneficial interest is 4,785,459 ordinary shares representing 13.0 per cent. of the Company's issued share capital. 
 
The Locked-in Parties have agreed not to dispose of their holdings in the Company (the 'Locked-in Shares') for a period of 24 months commencing on the date when the relevant ordinary shares are registered in the name of a Locked-in Party (the 'Lock-in Period').  In addition, the Locked-in Parties have agreed to an orderly market arrangement whereby, following expiry of the Lock-in Period for as long as Gianluca Braguti is a Director of the Company, they will only dispose of their Locked-in Shares via the Company's broker. The Locked-In Parties have also agreed that, for as long as Gianluca Braguti is a Director of the Company, all voting rights attached to their Locked-in Shares will be exercised as directed by him. 

 
 
Enquiries
 




Venture Life Group PLC


+44 (0) 1344 578 004




Jerry Randall, Chief Executive Officer


 




Adrian Crockett, Chief Financial Officer
 


 




Northland Capital Partners Limited (Nominated Adviser and Joint Broker)


+44 (0) 20 3861 6625




Matthew Johnson/Edward Hutton (Corporate Finance)


 




Bob Pountney (Corporate Broking)


 




 


 




Turner Pope Investments (TPI) Ltd (Joint Broker)


+44 (0) 20 3621 4120




Andy Thacker


 




 


 




Walbrook PR


venturelife@walbrookpr.com or +44 (0) 20 7933 8780




Paul McManus/Anna Dunphy


+44 (0) 7980 541 893 / +44 (0) 7876 741 001



 
 
 



 
 
 
 
 
 
 
 
 
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


Gianluca Braguti
 




2
 


Reason for the notification




a)
 


Position/status
 


Director




b)
 


Initial notification /Amendment
 


Initial Notification




3
 


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




a)
 


Name
 


Venture Life Group plc




b)
 


LEI


 213800S8CZUPLAB2KC70




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
 


Ordinary Shares of 0.3p each in Venture Life Group plc




b)


Identification code 
 


GB00BFPM8908




c)
 


Nature of the transaction 
 


Disposal 




d)
 


Price and volumes


Price: nil consideration
Volumes: 2.3 million Ordinary Shares




d)
 


Aggregated information 
- Aggregated volume
- Price


 N/a
 




e)
 


Date of the transaction 


16 April 2018




f)


Place of the transaction


Outside a trading venue




 
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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