13th May 2016 07:00
13 May 2016
SHAWBROOK GROUP PLC (the Company)
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) AND CONNECTED PERSONS
Following the first anniversary of the Company's IPO (when certain Directors and PDMRs and their connected persons became entitled to sell up to one third of their remaining ordinary shares in the Company), the Company announces that it has received notification on 12 May 2016 that the following directors and PDMRs (and persons connected with them) have sold a number of ordinary shares in the Company on 12 May 2016 in London at a price of 258 pence per ordinary share.
The details of the transactions are set out below:
Name | Director / PDMR/ Connected Person | No. of shares sold | No. of shares held following sale* | Percentage of issued share capital of the Company held following sale* |
Stephen Johnson | Director | 1,271,476 | 2,564,953 | 1.02% |
Clare Johnson | Connected Person to Stephen Johnson | 11,000 | 0 | 0 |
Thomas Wood | Director | 411,426 | 822,853 | 0.33% |
Jennifer Wood | Connected Person to Thomas Wood | 274,284 | 548,568 | 0.22% |
Philip George | PDMR | 667,659 | 1,335,319 | 0.53% |
Karen George | Connected Person to Philip George | 21,098 | 42,198 | 0.02% |
Daniel Rushbrook | PDMR | 15,000 | 100,398 | 0.04% |
Helen Rushbrook | Connected Person to Daniel Rushbrook | 15,000 | 0 | 0 |
*excludes interests in unvested shares awarded under the Company's long-term incentive schemes
Following this sale, two thirds of the ordinary shares held by the above Directors and PDMRs (and their connected persons where applicable) immediately after the IPO remain subject to lock-up, expiring (as to a further one third) in April 2017 and (as to the final one third) in April 2018.
This announcement is made in accordance with DTR 3.1.4R(1)(a) and DTR 3.1.4R(1)(c) of the Disclosure and Transparency Rules
For further information please contact
Dylan Minto
Director, Corporate Strategy
01277 751110
Dylan.minto@shawbrook.co.uk
Related Shares:
SHAW.L