19th Oct 2018 12:57
For immediate release | 19 October 2018 |
CareTech Holdings PLC
("CareTech" or "the Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them
PDMR Dealings
Westminster Holdings Limited ("Westminster"), a company wholly owned and controlled by the Westminster Trust (a discretionary trust of which the beneficiaries include Farouq Sheikh and Haroon Sheikh, the Company's Executive Chairman and Chief Executive Officer respectively) has received, in aggregate, 384,345 new ordinary shares in CareTech as consideration for the acquisition of its holding in Cambian Group plc ("Cambian") pursuant to the terms of the Headline Offer for the acquisition of Cambian by CareTech which completed today.
Capitalised terms used but not defined in this Announcement have the meanings set out in the Company's announcement dated 16 August 2018 and in the combined prospectus and AIM admission document published on 19 September 2018.
The interests of Mr F Sheikh and Mr H Sheikh and their connected persons in the issued share capital of the Company are set out below:
No. Ordinary Shares held before Admission | No. Ordinary Shares held immediately following Admission | % of Enlarged Share Capital | |
Farouq Sheikh | 638,919 | 638,919 | 0.6% |
Haroon Sheikh | 690,226 | 690,226 | 0.6% |
Westminster Holdings Limited | 9,763,519 |
10,147,864 | 9.3% |
Cosaraf Pension Fund | 170,000 | 170,000 | 0.2% |
Total: Farouq Sheikh and Haroon Sheikh and their respective PCAs | 11,262,664 | 11,647,009 | 10.7% |
For further information please contact:
CareTech Holdings PLC | 01707 601 800 |
Farouq Sheikh, Executive Chairman | |
Michael Hill, Group Finance Director | |
Panmure Gordon (Nomad and Joint Broker) | 020 7886 2500 |
Emma Earl Freddy Crossley | |
Charles Leigh-Pemberton
| |
WH Ireland (Joint Broker) Adrian Hadden Chris Viggor | 020 7220 1666 |
Buchanan (PR Adviser) | 020 7466 5000 |
Mark Court Sophie Wills | |
Tilly Abraham |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Names | Westminster Holdings Limited ("Westminster") |
2 | Reason for the notification | |
a) | Position/status
| Westminster is a company wholly owned and controlled by the Westminster Trust (a discretionary trust of which the beneficiaries include Farouq Sheikh and Haroon Sheikh, Executive Chairman and Chief Executive Officer of the Company respectively). As Mr F Sheikh and Mr H Sheikh are both PDMRs, Westminster is classified as a PCA for the purposes of the EU Market Abuse Regulation |
b) | Initial notification /Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | CareTech Holdings PLC |
b) | LEI |
213800HI1AZG2GLBYF65 |
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 0.5 pence each |
b) | Identification code | GB00B0KWHQ09 |
c) | Nature of the transactions |
Consideration Shares issued in relation to the acquisition of Cambian Group plc by Caretech
|
d)
| Price(s) and volume(s) | Price: 0.5 pence per share Volume: 384,345 |
d)
| Aggregated information - Aggregated volume - Price | N/A
|
e)
| Date of the transactions | 19 October 2018 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
Name of authorised official of issuer responsible for making notification:
Michael Hill
Company Secretary to CareTech Holdings PLC
Related Shares:
CTH.L