FIH Group PLC Share transaction, director dealing & Board update (8456D)
May 02 2017 - 2:02AM
UK Regulatory
TIDMFIH
RNS Number : 8456D
FIH Group PLC
02 May 2017
2 May 2017
FIH Group plc
("FIH" or "the Company")
Share transaction, director dealing and changes to the Board
The Board of the Company (the "Board") has been informed that
following a transaction in the ordinary shares of 10p each in the
Company ("Ordinary Shares"), Blackfish Capital Alpha Fund SPC
("Blackfish") and Staunton Holdings Limited ("Staunton") hold no
interest in the Company and that The Article 6 Marital Trust
created under the First Amended and Restated Jerry Zucker Revocable
Trust dated 4-2-07 ("The Article 6 Marital Trust""), now has a
beneficial holding of 3,596,553 Ordinary Shares, representing
28.92% of the Company's issued share capital.
The Article 6 Marital Trust, a long-term shareholder in FIH, has
provided certain assurances to the Board as to its intentions. In
particular, it has stated its support for the long term growth of
the business and its subsidiaries, as a London quoted company.
Following the exit of Blackfish and Staunton as shareholders
Edmund Rowland, who is connected to both Blackfish and Staunton,
has stepped down as the chairman of FIH with immediate effect.
Jeremy Brade, a current independent non-executive director of FIH,
has agreed to act as interim chairman whilst a new independent,
non-executive chairman is sought. Edmund Rowland has agreed to
remain on the Board as a non-executive director until a further
board appointment has been made. The Board has commenced the
process of identifying and appointing one or more new non-executive
directors, including the aforementioned new independent,
non-executive chairman. Further announcements relating to this
exercise will be made in due course.
The independent directors would like to thank Edmund Rowland for
fulfilling the role of chairman of the Company for the past two
years. Furthermore, the independent directors welcome The Article 6
Marital Trust's commitment to the Company.
ENDS
Further enquiries:
FIH Group plc Tel: +44 (0)
1279 461 630
John Foster
WH Ireland Limited Tel: +44 (0)
20 7220 1666
Nominated Adviser and Broker
to FIH
Adrian Hadden
Nick Prowting
FTI Consulting Tel: +44 (0)
20 3727 1000
Communications adviser to FIH
Edward Westropp
Eleanor Purdon
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 Edmund Rowland
--- --------------------------------------------- ------------------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chairman, FIH group plc
--- --------------------------------------------- ------------------------------------------------------------------
b) Initial notification/ Amendment Initial Notification
--- --------------------------------------------- ------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name FIH group plc
--- --------------------------------------------- ------------------------------------------------------------------
b) LEI N/A
--- --------------------------------------------- ------------------------------------------------------------------
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, Ordinary Shares of 10p each
type of instrument
Identification code GB00BD0CWJ91
--- --------------------------------------------- ------------------------------------------------------------------
b) Nature of the transaction Purchase of shares
--- --------------------------------------------- ------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
300p 3,106,553
--------- ----------
--- --------------------------------------------- ------------------------------------------------------------------
d) Aggregated information
* Aggregated volume * Purchase of 291,373 Ordinary Shares at 300p on 21
February 2017 through Staunton
* Price
* Sale of 3,106,553 Ordinary Shares at 300p on 28 April
2017
--- --------------------------------------------- ------------------------------------------------------------------
e) Date of the transaction 28 April 2017
--- --------------------------------------------- ------------------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- --------------------------------------------- ------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSSDSIEFWSEDI
(END) Dow Jones Newswires
May 02, 2017 02:01 ET (06:01 GMT)
Fih (LSE:FIH)
Historical Stock Chart
From Apr 2024 to May 2024
Fih (LSE:FIH)
Historical Stock Chart
From May 2023 to May 2024
