14th Jun 2017 15:30
14 June 2017
Flowgroup plc
("Flow" or the "Company")
Directors' Dealings
Further to completion of the Transaction, the Company announces the following dealings by its Directors pursuant to the Fundraising:
Director | Existing Ordinary Shares held | Placing Shares acquired at Issue Price | Open Offer Shares acquired at Issue price | Enlarged Ordinary Shares held |
| ||||
Clare Spottiswoode | 752,287 | - | 817,703 | 1,569,990 |
Tony Stiff | 2,615,746 | 3,000,000 | - | 5,615,746 |
Nigel Canham | 68,400 | 1,500,000 | - | 1,568,400 |
Andrew Beasley | 129,000 | 1,000,000 | - | 1,129,000 |
John Johnston | 1,027,014 | 5,000,000 | 1,116,319 | 7,143,333 |
David Grundy | 153,844 | 1,000,000 | - | 1,153,844 |
| ||||
Henry Cialone | 444,692 | 1,000,000 | - | 1,444,692 |
Capitalised terms within this announcement shall have the same meaning as those defined in the circular detailing the Transaction, which can be viewed on the Company's website at http://flowgroup.uk.com.
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
| Clare Spottiswoode | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Chairman | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Flowgroup plc | ||||
b)
| LEI
| N/A | ||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076
| ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares in an Open Offer | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 13 June 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Tony Stiff | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Flowgroup plc | ||||
b)
| LEI
| N/A | ||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076 | ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares in a placing | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 13 June 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Nigel Canham | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Flowgroup plc | ||||
b)
| LEI
| N/A | ||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076
| ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares in a placing | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 13 June 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Andrew Beasley | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Flowgroup plc | ||||
b)
| LEI
| N/A | ||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076 | ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares in a placing | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 13 June 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
|
John Johnston | ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Non-Executive Director | ||||||||
b)
| Initial notification /Amendment
| Initial | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Flowgroup plc | ||||||||
b)
| LEI
| N/A | ||||||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076
| ||||||||
b)
| Nature of the transaction
| 1) Subscription for new ordinary shares in a placing 2) Subscription for shares in an Open Offer | ||||||||
c)
| Price(s) and volume(s)
| 1)
2)
| ||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||||||
e)
| Date of the transaction
| 13 June 2017 | ||||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
David Grundy | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Flowgroup plc | ||||
b)
| LEI
| N/A | ||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076
| ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares in a placing | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 13 June 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Henry Cialone | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Flowgroup plc | ||||
b)
| LEI
| N/A | ||||
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
Identification code
| Ordinary shares of 0.1p each
ISIN: GB00B19H7076
| ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares in a placing | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 13 June 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
Enquiries:
Flowgroup plc | www.flowgroup.uk.com | |
Tony Stiff, Group Chief Executive Officer | Tel: +44 (0)20 3137 4525 | |
Nigel Canham, Chief Financial Officer |
| |
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Cenkos Securities plc (NOMAD and Broker) | Tel: +44 (0)20 7397 8900 | |
Stephen Keys/Mark Connelly/Callum Davidson (Corporate Finance) |
| |
Julian Morse (Sales) |
| |
|
| |
Walbrook PR Ltd (Media Relations) | Tel: +44 (0)20 7933 8780 or [email protected] | |
Paul McManus | Mob: +44 (0)7980 541 893 | |
Nick Rome | Mob: +44 (0)7748 325 236 | |
Related Shares:
Flowgroup