Augean Plc Exercise of Options, PDMR Dealing and TVR (8112R)
March 05 2019 - 2:01AM
UK Regulatory
TIDMAUG
RNS Number : 8112R
Augean Plc
05 March 2019
5 March 2019
Augean plc ("Augean" or the "Company")
Exercise of options, PDMR dealing and total voting rights
Augean, one of the UK's leading specialist waste management
businesses, announces that Gene Wilson, the Corporate Stewardship
Director and PDMR, has executed options over 202,531 ordinary
shares (the "Options") of 10 pence each in the capital of the
Company ("Ordinary Shares"). The Options were awarded on 21
December 2009 under both the Company's Authorised Share Option
Scheme adopted on 31 January 2005 (being 75,949 options) and the
Company's Unauthorised Share Option Scheme adopted on 13 December
2004 (being 126,582 options) (the "Schemes"). It is noted that this
exercise has been executed due to the nearing of the ten-year
deadline for exercising under these Schemes. The total shares
awarded were sold with the main aim of satisfying the exercise
price of 39.5p and the resulting tax liability. Gene remains a key
member of the Management Board and an active member of a number of
the Company's ongoing long-term incentive plans representing a
significant future value potential.
Application has been made to the London Stock Exchange for the
202,531 Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will become
effective at 8.00 a.m. on 11 March 2019.
Following Admission, the total number of Ordinary Shares in
issue will be 103,988,323 and the total number of voting rights
will therefore be 103,988,323. This figure 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 share capital of the Company
under the FCA's Disclosure and Transparency Rules.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail.
- Ends -
Enquiries:
Augean plc
Jim Meredith, Executive Chairman
Mark Fryer, Group Finance Director 01937 844 980
N+1 Singer
Shaun Dobson
Jen Boorer 020 7496 3000
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 Gene Wilson
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Corporate Stewardship Director, PDMR
--------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Augean plc
--------------------------- --------------------------------------
b) LEI 213800FX9OGD148QCP81
--------------------------- --------------------------------------
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 Ordinary Shares of 10 pence each
financial instrument,
type of instrument
GB00B02H2F76
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Exercise of options
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
39.5 pence (exercise
price) 202,531
----------
--------------------------- --------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- --------------------------------------
e) Date of the transaction 4 March 2019
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gene Wilson
----------------------------- ------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Corporate Stewardship Director
----------------------------- ------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Augean plc
----------------------------- ------------------------------------
b) LEI 213800FX9OGD148QCP81
----------------------------- ------------------------------------
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 Ordinary Shares of 10 pence each
financial instrument,
type of instrument
GB00B02H2F76
Identification code
----------------------------- ------------------------------------
b) Nature of the transaction Sale of shares
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
91 pence 202,531
----------
----------------------------- ------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- ------------------------------------
e) Date of the transaction 4 March 2019
----------------------------- ------------------------------------
f) Place of the transaction London stock exchange
----------------------------- ------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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