CareTech Holdings PLC Director/PDMR Shareholding (4823Z)
May 20 2019 - 2:01AM
UK Regulatory
TIDMCTH
RNS Number : 4823Z
CareTech Holdings PLC
20 May 2019
For Immediate Release 20 May 2019
CareTech Holdings PLC
("CareTech" or the "Company")
Director/PDMR Shareholding
CareTech Holdings PLC (AIM: CTH), a pioneering provider of
specialist social care and education services to adults and
children in the UK, announces that Grosvenor UK Ltd ("Grosvenor"),
a wholly owned subsidiary of Sheikh Holdings Group (Investments)
Limited ("SHG"), has become beneficially interested in 500,000
ordinary shares of the Company (the "Shares") via a contract for
difference ("CFD") entered into on 17 May 2019. SHG is wholly owned
by members of the Sheikh family, including Farouq Sheikh and Haroon
Sheikh, the Company's executive Chairman and Chief Executive
Officer respectively. The CFD was effected at a price of 350 pence
per Share.
Grosvenor has no voting rights over the Shares and there are no
ancillary arrangements relating to these shares other than the
terms of the CFD.
In addition to the CFD, the interests of Mr F Sheikh and Mr H
Sheikh and their connected persons in the issued share capital of
the Company are as follows:
No. of ordinary % of issued share
shares capital
Farouq Sheikh 638,919 0.59%
Haroon Sheikh 690,226 0.63%
Westminster Holdings
Limited 10,547,864 9.68%
Cosaraf Pension Fund 230,000 0.21%
Total 12,107,009 11.11%
Mr F Sheikh and Mr H Sheikh are also each interested in 320,000
ordinary shares (total 640,000 ordinary shares) in the Company
pursuant to the Executive Shared Ownership Plan 2016 and a further
9,278 ordinary shares each (total 18,556 ordinary shares) pursuant
to the CareTech Sharesave Scheme. These share awards vested on 1
May 2019 following fulfilment of the vesting criteria including EPS
criteria.
For further information please contact:
CareTech Holdings plc 01707 601 800
Farouq Sheikh, Executive Chairman
Gareth Dufton, Interim Group Finance Director
Panmure Gordon (Nomad and Joint Broker) 0207 886 2500
Emma Earl
Freddy Crossley
Charles Leigh-Pemberton
WH Ireland (Joint Broker) 0207 220 1666
Adrian Hadden
Jessica Cave
Matthew Chan
Buchanan (PR Adviser) 0207 466 5000
Mark Court
Sophie Wills
Tilly Abraham
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 Grosvenor UK Ltd ("Grosvenor")
-------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Grosvenor is a wholly owned subsidiary of Sheikh
Holdings Group (Investments) Limited ("SHG"),
a company controlled by Farouq Sheikh and Haroon
Sheikh, Executive Chairman and Chief Executive
Officer of the Company respectively. As Mr F Sheikh
and Mr H Sheikh are both PDMRs, Grosvenor
is classified as a PCA for the purposes of the EU
Market Abuse Regulation
-------------------------------------------------------- ------------------------------------------------------
b) Initial notification/ Amendment Initial notification
-------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
a) Name CareTech Holdings PLC
-------------------------------------------------------- ------------------------------------------------------
b) LEI 213800HI1AZG2GLBYF65
-------------------------------------------------------- ------------------------------------------------------
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 Ordinary Shares of 0.5p each
instrument
Identification code
GB00B0KWHQ09
-------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction CFD over 500,000 ordinary shares
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume
350p 500,000
--------
-------------------------------------------------------- ------------------------------------------------------
d) Aggregated information 500,000
* Aggregated volume 350p
* Price
------------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 17 May 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
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END
DSHSFLFUUFUSELI
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