MPAC Mpac Group Plc

TIDMMLIN

RNS Number : 3128Z

Molins PLC

25 May 2016

25 May 2016

AIM: MLIN

MOLINS PLC

(the "Company")

Director Dealings and Holdings in Company

The Board announces that on 25 May 2016 the following transactions were undertaken by Phil Moorhouse, Chairman and David Cowen, Group Finance Director in the Company's Ordinary Shares of 25 pence each ("Ordinary Shares"):

-- Mr Moorhouse bought 20,000 Ordinary Shares, which is his first holding in the Company's Ordinary Shares, and represents 0.1% of the Company's issued share capital.

-- Mr Cowen exercised in full a conditional grant over Ordinary Shares awarded on 27 February 2013 under the Molins PLC Deferred Share Plan. Upon exercise, the Molins PLC Employee Trust transferred 46,600 Ordinary Shares to Mr Cowen, 23,300 of which were then sold in the open market. Mr Cowen's beneficial interest following this transaction has increased to 123,519 Ordinary Shares, representing 0.6% of the Company's issued share capital.

All transactions were completed at a price of 59.5 pence per Ordinary Share.

For further information, please contact:

 
 Molins PLC                        Tel: +44(0)1908 246870 
  Sara Cannon, Company Secretary 
  David Cowen, Group Finance 
  Director 
 Panmure Gordon (UK) Limited       Tel: +44(0)20 7886 2500 
  (NOMAD) 
  Andrew Potts/ Peter Steel 
  - Corporate Finance 
  Tom Salvesen - Corporate 
  Broking 
 KTZ Communications                Tel: +44(0)20 3178 6378 
  Katie Tzouliadis, Viktoria 
  Langley, Emma Pearson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 25, 2016 10:32 ET (14:32 GMT)

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