13th Oct 2015 08:27
13 October 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Placing of Shares in the Company and Notification of Transactions of Directors / Persons Discharging Managerial Responsibility
Arrow Global Group PLC ("Arrow" or "the Company") announces that it received notification that on 13 October 2015 certain Directors and Persons Discharging Managerial Responsibility (PDMRs) and their connected persons sold ordinary shares in the capital of the Company in London at a price of 250p per ordinary share pursuant to the secondary placing announced on 12 October 2015. Details of the shares sold and resultant shareholdings are set out below.
|
| Resultant shareholding following completion of the placing | |
Vendors | No. of Shares Sold | No. of Shares Held | % of Issued Share Capital |
Tom Drury | 956,430 | 3,431,142 | 1.97 |
Jane Drury(1) | 956,431 | 3,431,141 | 1.97 |
Robert Memmott | 642,340 | 1,220,746 | 0.70 |
Heather Memmott(2) | 5,000 | 1,121,274 | 0.64 |
Zachary Lewy(3) | 1,582,433 | 5,867,300 | 3.36 |
Stewart Hamilton | 64,879 | 49,381 | 0.03 |
Leah Hamilton(4) | 20,000 | 77,937 | 0.04 |
Total | 4,227,513 | 15,198,921 | 8.71% |
(1) Jane Drury is a connected person of Tom Drury
(2) Heather Memmott is a connected person of Robert Memmott
(3) The shares were sold by Lewylang LP, a Delaware limited partnership, which is a connected person of Zachary Lewy
(4) Leah Hamilton is a connected person of Stewart Hamilton
Other employees, former employees and their connected persons sold a total of 3,172,487 ordinary shares pursuant to the secondary placing. In addition, a further 3,600,000 shares were sold by an institutional investor at the placing price alongside the placing.
In the light of the placing, Tom Drury, Robert Memmott and Zachary Lewy have agreed with the Company that, following completion of the Placing, they and their connected persons and affiliates will not dispose of further shares in the Company for a period of at least 180 days (subject to customary exceptions).
This notification is made in order to satisfy Disclosure Rule and Transparency Rule 3.1.4R.
Enquiries:
Arrow Global
Tom Drury, CEO +44 (0)161 242 5896
Robert Memmott, CFO
Alex Barnett, Corporate Communications
Tamsyn Belshaw, Investor Relations
Jefferies International Limited +44 (0)20 7029 8000
Nick Adams
David Watkins
Lee Morton
Numis Securities Limited +44 (0)20 7260 1000
Charles Farquhar
Toby Adcock
Jefferies International Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom is acting on the Placing and will not be responsible to anyone other than its clients for providing the protections afforded to its clients, nor for providing advice in relation to the Placing, the contents of this announcement, or any transaction or arrangement referred to herein.
Numis Securities Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom is the Company's joint broker and will not be responsible to anyone other than its client for providing the protections afforded to its clients, nor for providing advice in relation to the Placing, the contents of this announcement, or any transaction or arrangement referred to herein.
This announcement is for information purposes only and does not constitute or form part of an offer or invitation to acquire or dispose of any securities of Arrow, or constitute a solicitation of any offer to purchase or subscribe for securities in any jurisdiction, including the United States, Canada, Australia or Japan. Arrow's shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or under the securities legislation of any state of the United States and may not be offered or sold in the United States absent registration or an exemption from registration.
This announcement is not for publication or distribution to persons in the United States of America, its territories or possessions or to any US person (within the meaning of Regulation S under the US Securities Act of 1933, as amended). Neither this announcement nor any copy of it may be taken or transmitted into Australia, Canada or Japan or to Canadian persons or to any securities analyst or other person in any of those jurisdictions. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian or Japanese securities law. The distribution of this announcement in certain other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.
Any offer of securities to which this announcement relates is only addressed to and directed at persons who are (1) qualified investors within the meaning of Directive 2003/71/ec and any relevant implementing measures (the prospectus directive) and (2) who have professional experience in matters relating to investments who fall within article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or are persons falling within article 49(2)(a) to (d) ("High Net Worth Companies, Unincorporated Associations, etc") of the Order (all such persons together being referred to as "relevant persons"). The information regarding the Placing set out in this announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.
Related Shares:
ARW.L