20th Oct 2016 07:00
John Menzies plc
(the "Company")
Director/PDMR Shareholding
20 October 2016
Notification of Transaction by Person Discharging Managerial Responsibilities
As stated in the Combined Prospectus and Circular issued by the Company on 16 September 2016 (the "P&C"), Dr Dermot Smurfit, the Chairman of the Company, intended to purchase such Nil Paid Rights in ordinary market trading and subsequently take up his resulting rights to New Ordinary Shares from such Nil Paid Rights (as such terms are defined in the P&C) so that he will own such number of ordinary shares of £0.25 each in the Company ("Ordinary Shares") as represent an aggregate value of up to £2.0 million.
In this regard, the Company announces that Dr Dermot Smurfit acquired 405,000 Nil Paid Rights on 18 October 2016 at an acquisition price of 150 pence per Nil Paid Right. Following take-up of the Nil Paid Rights at the exercise price of 343 pence, Dr Dermot Smurfit will hold 405,000 Ordinary Shares in the Company, fully paid (which shall have a market value of approximately £2.01 million based on the closing price of 496.50 pence on 18 October 2016).
For further information please contact:
John Menzies plc | +44 (0) 131 459 8018 |
John Geddes, Group Company Secretary and Head of Corporate Affairs | |
Numis Securities (Financial Adviser and Sponsor) | +44 (0) 20 7260 1000 |
Stuart Skinner Stuart Ord | |
The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details:
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name
| Dr Dermot Francis Smurfit | ||||
2 | Reason for the notification
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a) | Position/status
| Chairman of the Company | ||||
b) | Initial notification/Amendment
| Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name
| John Menzies plc | ||||
b) | LEI
| 5493008LNN1X4R79PJ89 | ||||
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
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a) | Description of the financial instrument, type of instrument Identification code
|
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b) | Nature of the transaction
| Acquisition i.e. the purchase of Nil Paid Rights for the Ordinary Shares of £0.25 each in John Menzies plc pursuant to the Rights Issue of the Company which commenced on 12 October 2016.
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c) | Price(s) and volume(s)
|
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d) | Aggregated information
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405,000
150 pence
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e) | Date of the transaction
| 2016-10-18; 08:10 UTC | ||||
f) | Place of the transaction | London Stock Exchange (XLON)
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Related Shares:
MNZS.L