Menzies(John) PLC Director/PDMR Shareholding (9932M)
October 20 2016 - 2:00AM
UK Regulatory
TIDMMNZS
RNS Number : 9932M
Menzies(John) PLC
20 October 2016
John Menzies plc
(the "Company")
Director/PDMR Shareholding
20 October 2016
Notification of Transaction by Person Discharging Managerial
Responsibilities
As stated in the Combined Prospectus and Circular issued by the
Company on 16 September 2016 (the "P&C"), Dr Dermot Smurfit,
the Chairman of the Company, intended to purchase such Nil Paid
Rights in ordinary market trading and subsequently take up his
resulting rights to New Ordinary Shares from such Nil Paid Rights
(as such terms are defined in the P&C) so that he will own such
number of ordinary shares of GBP0.25 each in the Company ("Ordinary
Shares") as represent an aggregate value of up to GBP2.0
million.
In this regard, the Company announces that Dr Dermot Smurfit
acquired 405,000 Nil Paid Rights on 18 October 2016 at an
acquisition price of 150 pence per Nil Paid Right. Following
take-up of the Nil Paid Rights at the exercise price of 343 pence,
Dr Dermot Smurfit will hold 405,000 Ordinary Shares in the Company,
fully paid (which shall have a market value of approximately
GBP2.01 million based on the closing price of 496.50 pence on 18
October 2016).
For further information please contact:
+44 (0) 131
John Menzies plc 459 8018
John Geddes, Group Company Secretary
and Head of Corporate Affairs
Numis Securities (Financial Adviser +44 (0) 20
and Sponsor) 7260 1000
Stuart Skinner
Stuart Ord
The following notification, made pursuant to Article 19(3) of
the Market Abuse Regulation, provides further details:
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
a) Name Dr Dermot Francis Smurfit
--- ------------------------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
a) Position/status Chairman 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 John Menzies plc
--- ------------------------------------------------------------------- ----------------------------------------------------------
b) LEI 5493008LNN1X4R79PJ89
--- ------------------------------------------------------------------- ----------------------------------------------------------
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 Nil Paid Rights for the Ordinary Shares of GBP0.25 each
Identification code
ISIN CODE: GB00BZB22D68
--- ------------------------------------------------------------------- ----------------------------------------------------------
b) Nature of the transaction Acquisition i.e. the purchase of Nil Paid Rights for the
Ordinary Shares of GBP0.25 each in
John Menzies plc pursuant to the Rights Issue of the
Company which commenced on 12 October
2016.
--- ------------------------------------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------- -------------------
150 pence 405,000
---------------------- -------------------
--- ------------------------------------------------------------------- ----------------------------------------------------------
d) Aggregated information - Aggregated volume
405,000
- Price
150 pence
--- ------------------------------------------------------------------- ----------------------------------------------------------
e) Date of the transaction 2016-10-18; 08:10 UTC
--- ------------------------------------------------------------------- ----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------------------------------------------------- ----------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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