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Last Trade - 05/07/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £89.7m
Position in Universe th / 1857

Waterman Group PLC - Director and PDMR Dealings

Fri 12th May, 2017 12:00pm
RNS Number : 0083F
Waterman Group PLC
12 May 2017

12 May 2017

Waterman Group plc

("Waterman" or "the Company")

DIRECTOR & PDMR DEALINGS

Waterman Group plc, a leading engineering and environmental consultancy, announces the following dealing disclosures in respect of certain directors and a senior executive (discharging managerial responsibilities in Waterman, a "PDMR") of the Company.

Dealing disclosures

Pursuant to the terms of the conditional sale agreements ("CSAs") entered into between CTI Engineering Co., Limited ("CTI") and Nick Taylor (Chief Executive Officer) and Craig Beresford (Executive Director), respectively, further details of which were contained in the announcement of CTI's recommended cash offer for the Company released on 9 May 2017, Nick Taylor and Craig Beresford sold the following number of ordinary shares in the Company ("Ordinary Shares") to CTI at a price of 140p per Ordinary Share (the "CSA Sales"):


No. of Ordinary Shares sold to CTI pursuant to the CSAs

Nick Taylor

166,078(1)

Craig Beresford

95,341(2)



(1) This sale includes 42,438 Ordinary Shares held by Mr Taylor's spouse

(2) This sale includes 31,341 Ordinary Shares held by Mr Beresford's spouse

Furthermore, on 11 May 2017 Nick Taylor sold an additional 42,990 Ordinary Shares, previously held in his ISA, at a price of 140p per share. These Ordinary Shares were sold on-market. On the same day, Craig Beresford sold 1,782 Ordinary Shares, previously held on trust as part of the Company's profit share scheme, to CTI at a price of 140p per share.

Finally, the Company confirms, following notification received on 10 May 2017, that the following Directors and PDMR acquired the number of Ordinary Shares shown below through their participation in the Company's HMRC compliant share incentive plan on 8 May 2017, at a price of 76.29p per Ordinary Share:

Director

No. of Ordinary Shares purchased pursuant to the share incentive plan

Nick Taylor

197

Alex Steele

197



PDMR

No. of Ordinary Shares purchased pursuant to the share incentive plan

Neil Humphrey

196

Resultant holdings of Ordinary Shares

The Company confirms, following the Ordinary Share sales and purchases detailed above, that the shareholdings of the respective directors and PDMR are as follows:

Director

No. of Ordinary Shares held

Percentage of voting share capital held

Nick Taylor

5,265

0.017

Alex Steele

4,544

0.015

Craig Beresford

21,472

0.070




PDMR

No. of Ordinary Shares held

Percentage of voting share capital held

Neil Humphrey

18,168

0.059

For further information, call:

Waterman Group plc

Marie-Anne Culnane, Company Secretary

033-0060-4808

www.watermangroup.com

N+1 Singer

Nick Owen / Sandy Fraser

020-7496-3000

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Taylor

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

140p

123,640

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

9 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Taylor

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

140p

42,990

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

11 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Taylor

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

76.29p

197

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

8 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicole Taylor

2

Reason for the notification

a)

Position/status

PCA of Nick Taylor (Chief Executive Officer)

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

140p

42,438

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

9 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Craig Beresford

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

140p

64,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

9 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Craig Beresford

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

140p

1,782

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

11 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sarah Beresford

2

Reason for the notification

a)

Position/status

PCA of Craig Beresford (Executive Director)

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

140p

31,341

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

9 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Steele

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

76.29p

197

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

8 May 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Humphrey

2

Reason for the notification

a)

Position/status

PDMR (Chief Operating Officer)

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Waterman Group plc

b)

LEI

213800KDXZ8ZTL191U40

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 10p each

GB0009422543

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

76.29p

196

d)

Aggregated information

- Aggregated volume

- Price

N/A (individual transaction)

e)

Date of the transaction

8 May 2017

f)

Place of the transaction

London Stock Exchange


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