TIDMANP
RNS Number : 4787R
Anpario PLC
21 September 2017
Anpario plc
("Anpario" or the "Company")
Director/PDMR Shareholding
Anpario announces that on 20 September 2017 Karen Prior, Finance
Director (the "Director") of the Company sold interests in ordinary
shares of 23p each in the Company ("Ordinary Shares") as set out in
the table below. These interests, as joint beneficial owner, were
held on the terms of joint ownership agreements entered into in
September 2011 under the Company's Joint Share Ownership Plan
("JSOP") which had become fully vested. The disposal was effected
by the exercise of conversion options requiring the co-owner (the
plan trustee) to exchange tranches of their respective interests so
that the Director acquires a beneficial interest in a whole number
of shares equal in value to the gain accrued under the terms of the
JSOP award. The Director immediately sold in the market such number
of shares in the Company at a price per share of GBP3.80 per
Ordinary Share.
Name of Director No. of jointly No. of Ordinary No. of Ordinary
owned Ordinary Shares acquired Shares Sold
Shares on exercise
of exchange
------------------ ---------------- ----------------- ----------------
Karen Prior 175,000 125,018 125,018
------------------ ---------------- ----------------- ----------------
The remaining 49,982 Ordinary Shares formerly held in joint
ownership have been acquired by RBC cees Limited as trustee of The
Anpario plc Group Employees' Share Trust (the "Trustee") (the
"Trust") pursuant to the exercise of the conversion options by the
Trustee in its capacity as co-owner.
Ordinary Shares issued under the Company's JSOP
Anpario also announces that, on 20 September 2017, it has
allotted 125,018 new Ordinary Shares. The Ordinary Shares have been
issued at a subscription price of GBP3.75 per Ordinary Share, being
the closing price of an Ordinary Shares on 19 September 2017,
pursuant to The Anpario plc Employees' JSOP (the "Plan").
The Ordinary Shares have been issued into the respective joint
beneficial ownership of (i) the participating executive Director,
Karen Prior and (ii) the trustee of the Trust upon and subject to
the terms of joint ownership agreements ("JOAs") respectively
entered into between the Director, the Company and the Trustee. The
subscription price has been paid by the Trust out of funds advanced
to it by the Company.
In addition, 49,982 existing Ordinary Shares, which as
previously described had been acquired by the Trustee on the
exercise of conversion options in respect of shares formerly held
in joint ownership, have been transferred by the Trustee, for no
consideration, into the respective joint beneficial ownership of
(i) each of the participating executive Directors named below and
(ii) the Trustee upon and subject to the terms of the JOAs
respectively entered into between the Director concerned, the
Company and the Trustee.
The terms of the JOAs provide, inter alia, that if jointly owned
shares become vested and are sold, the proceeds of sale will be
divided between the joint owners so that the participating Director
receives an amount equal to any growth in the market value of the
jointly owned Ordinary Shares above the initial market value
(GBP3.75 pence per share), less a "carrying cost" (equivalent to
simple interest at 4.5 per cent per annum on the initial market
value) and the Trust receives the initial market value of the
jointly owned shares plus the carrying cost. Jointly owned Ordinary
Shares will become vested if the participant remains with the
Company for a minimum period of 3 years.
Effect of the transactions
Following the above transactions, the beneficial interests held
by Karen Prior will be as follows:
Jointly Owned 23p Ordinary Shares:
Existing Jointly Jointly Interests New interests Remaining
interests owned owned in jointly in jointly interests
in jointly Ordinary Ordinary owned Ordinary owned in jointly
owned Shares Shares Shares transferred Ordinary owned
Ordinary acquired transferred from the Shares Ordinary
Shares and to the Trustee issued Shares
sold Trustee to Directors under
under under under the JSOP
the the JSOP JSOP
JSOP
------------ ---------- ------------- -------------------- -------------- ------------
1,200,000 (125,018) (49,982) 49,982 125,018 1,200,000
------------ ---------- ------------- -------------------- -------------- ------------
Beneficially Owned 23p Ordinary Shares: 202,836
Share Options:
EMI 122,400
SAYE 4,015
Application for Ordinary Shares
Application for admission to AIM has also been separately made
in relation to 125,018 Ordinary Shares, and it is expected that
admission will be effective on 27 September 2017.
The Company's issued share capital following the admission of
the Ordinary Shares will comprise 23,261,362 Ordinary Shares with
voting rights. The Company holds 143,042 Ordinary Shares in
Treasury. The total number of ordinary shares in issue (excluding
shares held as treasury shares) is 23,118,320 and may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Disclosure and
Transparency Rules.
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and their Closely Associated Persons
1 Details of the person discharging managerial responsibilities/person closely
associated
---------------- ----------------------------------------------------------------------------------------------------
a) Name Karen Prior
---------------- ------------------------------------ --------------------------------------------------------------
2 Reason for the notification
---------------- ----------------------------------------------------------------------------------------------------
Position/status Director
a)
---------------- ------------------------------------ --------------------------------------------------------------
b) Initial Initial notification
notification/Amendment
---------------- ------------------------------------ --------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer
or auction monitor
---------------- ----------------------------------------------------------------------------------------------------
a) Name Anpario plc
---------------- ------------------------------------ --------------------------------------------------------------
b) LEI 213800BZHUIUCH3MCC06
---------------- ------------------------------------ --------------------------------------------------------------
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 Purchase of ordinary shares of 23 pence each in
financial instrument, the Company ("Ordinary Shares")
type of instrument ISIN GB00B3NWT17
Identification code
---------------- ------------------------------------ --------------------------------------------------------------
b) Nature of the Sale of Ordinary Shares
transaction
---------------- ------------------------------------ --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------- -----------------------
380p 125,018
---------------------- -----------------------
---------------- ------------------------------------ --------------------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------------------- -----------------------
380p 125,018
---------------------- -----------------------
---------------- ------------------------------------ --------------------------------------------------------------
e) Date of the 2017-09-20
transaction
---------------- ------------------------------------ --------------------------------------------------------------
f) Place of the London Stock Exchange (XLON), AIM
transaction
---------------- ------------------------------------ --------------------------------------------------------------
Enquiries
Anpario plc
Richard Edwards, Chief Executive Officer +44 (0) 791 955 2040
Peel Hunt LLP
Adrian Trimmings +44 (0) 207 418 8900
George Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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