TIDMLAM
RNS Number : 9691Y
Lamprell plc
09 September 2022
9 September 2022
LAMPRELL PLC
("Lamprell"/ the "Company" and together with its subsidiaries
the "Group")
Issue of Equity, Director/PDMR Shareholdings and Total Voting
Rights
Issue of Equity
Further to the Listing Application announcement on 5 September
2022, Lamprell has allotted and issued 10,621,178 ordinary shares
of 5 pence each in the capital of the Company ("New Ordinary
Shares") which have been admitted to the Official List and to
trading on the London Stock Exchange ("Admission"). The New
Ordinary Shares have been used to satisfy awards which have vested
under the Company's Performance Share Plan and Retention Share Plan
("Share Plans") in connection with the cash offer from Thunderball
Investments Limited (a newly formed company owned by Blofeld
Investment Management Limited and AlGihaz Holding Closed
Joint-Stock Company ) . The New Ordinary Shares will rank pari
passu with the Company's existing ordinary shares, (together
"Shares").
Director/PDMR Shareholdings
Following the new share issuance, vested Shares have been
transferred to each PDMR as follows:
Name of No. of Total Share Total percentage No. of Shares over
Director/ Shares holding holding which rights have been
PDMR which have following following granted and are outstanding
vested this notification this notification under the Share Plans
Christopher
McDonald 1,562,919 2,505,004 0.6% Nil
------------ ------------------- ------------------- -----------------------------
Tony Wright 732,339 911,980 0.2% Nil
------------ ------------------- ------------------- -----------------------------
Alex Ridout 532,774 827,882 0.2% Nil
------------ ------------------- ------------------- -----------------------------
Peter Ireton 665,754 1,131,745 0.3% Nil
------------ ------------------- ------------------- -----------------------------
Total Voting Rights
Following the issue and allotment of the New Ordinary Shares,
the Company has 423,438,814 Ordinary Shares in issue. The Company
holds no Ordinary Shares in treasury , and therefore the total
number of voting rights in the Company is 423,438,814. 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 Company under
the FCA's Disclosure Guidance and Transparency Rules.
The information set out below is provided in accordance with the
requirements of the UK Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Christopher McDonald
Tony Wright
Alex Ridout
Peter Ireton
2. Reason for the notification
a) Position/status Chief Executive Officer
Chief Financial Officer
Company Secretary
Vice President - Business Development
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Lamprell plc
b) LEI 2138008NUMXRMIEDF538
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 Ordinary Shares of 5p each
the financial ISIN:- GB00B1CL5249
instrument, type
of instrument
Identification
code
b) Nature of the Receipt of Ordinary Shares under the Company's
transaction Performance Share Plan and Retention Share
Plan
c) Price(s) and volume(s) Price(s) Volume(s)
1,562,919
732,339
532,774
Nil cost 665,754
d) Aggregated information- Aggregated volume Not applicable, single transactions
- Price
e) Date of the transaction 8 September 2022
f) Place of the transaction London
For further information, please contact:
Lamprell plc
Maria Babkina, Investor Relations: +44 (0) 7852 618 046
Investec Bank plc
Chris Sim / Henry Reast / Ben Farrow +44 (0) 20 7597 5970
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson / Martin Pengelley / Guy Bates
Investec Bank plc, which is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority in the United
Kingdom, is acting exclusively for Lamprell and no one else in
connection with the subject matter of this announcement and will
not be responsible to anyone other than Lamprell for providing the
protections afforded to clients of Investec Bank plc or for
providing advice in relation to the subject matter of this
announcement, the contents of this announcement and any other
matters referred to in this announcement.
Important notice
This announcement is not intended to, and does not, constitute,
represent or form part of any offer, invitation or the solicitation
of an offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities, or the solicitation of any
vote or approval in any jurisdiction, whether pursuant to this
announcement or otherwise. Any offer, if made, will be made solely
by certain offer documentation which will contain the full terms
and conditions of any offer, including details of how it may be
accepted.
This announcement has been prepared in accordance with English
law and the Code, and information disclosed may not be the same as
that which would have been prepared in accordance with laws outside
of the United Kingdom.
The release, publication or distribution of this announcement
in, into or from jurisdictions other than the United Kingdom and
the availability of any offer, if made, to shareholders of the
Company who are not resident in the United Kingdom may be affected
by the laws of those jurisdictions. Therefore any persons who are
subject to the laws of any jurisdiction other than the United
Kingdom or shareholders of the Company who are not resident in the
United Kingdom should inform themselves about, and observe any
applicable requirements. Any failure to comply with such
requirements may constitute a violation of the securities law of
any such jurisdiction.
The person responsible for the release of this announcement on
behalf of Lamprell is Alex Ridout, General Counsel and Company
Secretary.
Notes to editors
Lamprell is a leading provider of services to the international
energy sector. Driving strategy and growth through its Renewables,
Oil & Gas and Digital business units, underpinned by almost
half a century of expertise, the Group has worked hard to establish
its reputation for delivering projects safely, on time and to
budget.
The Group has firmly established its international credentials
in the renewables sector as well as continuing to build on its
traditional oil and gas credentials. We are recognised for building
complex offshore and onshore process modules and platforms,
fabricating and refurbishing jack-up rigs and liftboats.
Lamprell employs more than 4,000 people across multiple
facilities, with its primary facilities located in Hamriyah, in the
UAE. Combined, the Group's facilities cover approximately 800,000m2
with over 1.5 km of quayside. In addition, the Group has facilities
in Saudi Arabia (through a joint venture agreement). Lamprell is
listed on the London Stock Exchange (symbol "LAM").
Legal Entity Identifier of the Company: 2138008NUMXRMIEDF538
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END
MSCUKAARUBUKRAR
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September 09, 2022 07:19 ET (11:19 GMT)
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