31st Jan 2018 12:45
31 January 2018
Porta Communications Plc
("Porta" or the "Company" or the "Group")
Director Dealing
Porta Communications Plc, the AIM quoted international marketing and communications business, has been notified that Mr John Foley, the Non-Executive Chairman of the Company, has today purchased 4,700,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 3.5p per Ordinary Share.
Following this purchase, Mr Foley is beneficially interested in 5,665,079 Ordinary Shares in Porta, representing 1.24 per cent. of the Company's issued share capital.
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The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries
Porta Communications Plc
Steffan Williams, CEO
Rhydian Bankes, CFO
www.portacomms.com
+44 (0) 20 7680 6550
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Samantha Harrison
+44 (0) 207 383 5100
N+1 Singer (Broker)
James Maxwell
Lauren Kettle
+44 (0) 20 7496 3000
Newgate Communications (Media Enquiries)
Bob Huxford
Adam Lloyd
James Ash
+44 (0) 20 7680 6550
Notes to Editors
Porta is a fully integrated communications and marketing group with specialisms including financial, corporate and consumer public relations, public affairs and research and multi-capability marketing, brand and creative communications.
The group has offices in Abu Dhabi, Beijing, Brisbane, Bristol, Canberra, Cardiff, Edinburgh, Hong Kong, London, Manchester, Melbourne, Perth, Singapore and Sydney.
The brands and companies it owns are Newgate Communications, Redleaf Communications, Publicasity, 2112 Communications and Summit Marketing Services.
Porta Communications' corporate website is www.portacomms.com
The notifications below are made in accordance with the requirements of the EU regulation on market abuse.
Template for 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
| John Robert Foley
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Chairman | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Porta Communications Plc | |||
b)
| LEI
| 213800E2NB62KDYYOM55 | |||
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, type of instrument | Ordinary Shares of 1 pence each
ISIN: GB00B71C7K21 | |||
|
| ||||
Identification code |
| ||||
|
| ||||
b)
| Nature of the transaction
| Acquisition of ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| 3.5p | 4,700,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 4,700,000 | ||||
|
| ||||
- Price
- Aggregated total | 3.5p
£164,500 | ||||
|
| ||||
e)
| Date of the transaction
| 31 January 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
Related Shares:
PTCM.L