Gordon Dadds Group PLC PDMR Shareholding and Issue of Equity (3494O)
August 18 2017 - 2:00AM
UK Regulatory
TIDMGOR
RNS Number : 3494O
Gordon Dadds Group PLC
18 August 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
18 August 2017
Gordon Dadds Group plc (the "Company")
Final Closing Date
Notification and public disclosure of transactions by PDMR and
persons closely associated with them
Issue of equity
Further to the announcement at 7am on 4 August 2017, the Company
confirms that the Final Closing Date occurred yesterday at 5pm. At
that point, a further 23,934 Gordon Dadds Shares accepted the
Offer, representing approximately 0.2 per cent. of the Gordon Dadds
Shares. The total number of Gordon Dadds Shares that have accepted
the Offer before the Final Closing Date is therefore 11,943,044,
representing approximately 99 per cent. of the Gordon Dadds
Shares.
Accordingly, application has been made for a further 26,624
ordinary shares of 1p each ("Ordinary Shares") to be admitted to
trading on AIM and dealings are expected to commence on 23 August
2017.
The above further acceptances included acceptances in respect of
8,122 Gordon Dadds Shares held for the benefit of Adrian Biles. As
a result, on 23 August 2017, Adrian Biles' holding will be the
holding as stated in the admission document, being 7,610,664
Ordinary Shares.
As announced on 17 August 2017, the Company has exercised its
rights pursuant to the provisions of sections 974-991 of the
Companies Act 2006 to acquire compulsorily any of the remaining
116,400 Gordon Dadds Shares in respect of which the Offer has not
been validly accepted prior to the Final Closing Date on the same
terms as the Offer ("Compulsory Purchase").
It is anticipated that the compulsory purchase procedure will
have been completed by 30 September 2017. Once completed, the
Compulsory Purchase will increase the number of Ordinary Shares in
issue to 28,597,310, being the figure stated in the Admission
Document and Offer Document.
TOTAL VOTING RIGHTS
In the interim period, the figure of 28,467,836 Ordinary Shares
may be used by shareholders as the denominator for 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 FCA's Disclosure and Transparency Rules.
Gordon Dadds Group plc Via Newgate
Adrian Biles, Chief
Executive Officer
Christopher Yates, Chief
Financial Officer
Brett Aubin, Chief Operating
Officer
Arden Partners
Ciaran Walsh
John Llewellyn-Lloyd +44 (0) 20 7614 5900
Newgate Communications +44 (0) 20 7680 6550
Adam Lloyd Email: gordondadds@newgatecomms.com
Lydia Thompson
James Ash
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the meaning given to them in the admission
document published by the Company on 13 July 2017.
In accordance with Article 19 of the Market Abuse Regulations,
the Company announces that the following dealings by Persons
Discharging Managerial Responsibility (PDMRs).
The dealings referred to in this announcement occurred as a
result of acceptance of the offer made to Gordon Dadds shareholders
in accordance with the terms of the offer document published on 13
July 2017 and reflects the acceptance of that offer and the related
issue and allotment of ordinary shares of 1p each in the capital of
the Company in which the relevant PDMRs hold a beneficial
interest.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name John Biles
--- -------------------------- --------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Director of subsidiary
--- -------------------------- --------------------------------
b) Initial notification Initial
/Amendment
--- -------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Gordon Dadds Group plc
--- -------------------------- --------------------------------
b) LEI 2138005A5XOTI2MHP510
--- -------------------------- --------------------------------
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 1p each
financial instrument,
type of instrument Identification code (ISIN)
for Gordon Dadds Group plc
Identification code ordinary shares: GB00BZBY3Y09
--- -------------------------- --------------------------------
b) Nature of the transaction The issue and allotment of
ordinary shares of 1p each
in the capital of the Company
upon acceptance of and in
consideration for the offer
made by the Company to the
registered holders of ordinary
shares of 10p each in Gordon
Dadds Group Limited (now
Culver Holdings Limited)
--- -------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
140 pence 6,342
----------- ----------
--- -------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 6,342
- Price 140 pence
--- -------------------------- --------------------------------
e) Date of the transaction 18 August 2017
--- -------------------------- --------------------------------
f) Place of the transaction outside a trading venue
--- -------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Adrian Biles
--- -------------------------- --------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Chief Executive Officer
--- -------------------------- --------------------------------
b) Initial notification Initial
/Amendment
--- -------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Gordon Dadds Group plc
--- -------------------------- --------------------------------
b) LEI 2138005A5XOTI2MHP510
--- -------------------------- --------------------------------
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 1p each
financial instrument,
type of instrument Identification code (ISIN)
for Gordon Dadds Group plc
Identification code ordinary shares: GB00BZBY3Y09
--- -------------------------- --------------------------------
b) Nature of the transaction The issue and allotment of
ordinary shares of 1p each
in the capital of the Company
upon acceptance of and in
consideration for the offer
made by the Company to the
registered holders of ordinary
shares of 10p each in Gordon
Dadds Group Limited (now
Culver Holdings Limited)
--- -------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
140 pence 8,122
----------- ----------
--- -------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 8,122
- Price 140 pence
--- -------------------------- --------------------------------
e) Date of the transaction 18 August 2017
--- -------------------------- --------------------------------
f) Place of the transaction outside a trading venue
--- -------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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