22nd Oct 2015 14:05
BCA Marketplace plc
Transaction in shares by Person Discharging Managerial Responsibility ("PDMR")
BCA Marketplace plc ("BCA", or the "Company") announces that Tim Lampert (Chief Financial Officer) has subscribed on 22 October 2015 for 26,654 A ordinary shares ("Executive Founder Shares") in BCA's wholly owned subsidiary H.I.J Limited for an aggregate amount of £1,999.05.
In certain circumstances the Executive Founder Shares are exchangeable for ordinary shares in the Company. Further information regarding the Executive Founder Shares is contained in the Company's prospectus dated 26 March 2015 and the Company's financial statements, both of which are available on the Company's website http://www.bcamarketplaceplc.com/investors/key-corporate-documents/2015.aspx. The subscription does not increase the aggregate amount that may become payable by the Company in respect of all of the Executive Founder Shares and reallocates such aggregate amount (if payable) between the holders of such Executive Founder Shares. Following such subscription, Avril Palmer-Baunack, Marwyn Long Term Incentive LP (a partnership in which James Corsellis and Mark Brangstrup Watts are limited partners) and Tim Lampert hold 57%, 38% and 5% of the Executive Founder Shares in issue respectively.
The Executive Founder Scheme provides its participants with a reward based on the creation of value for shareholders, provided that a preferential return of 10% per annum to shareholders has been achieved. The maximum value to the participants under the Executive Founder Scheme is 10% of the value created less the value of the outstanding awards under all other employee incentive arrangements.
Enquiries:
Square1 Consulting (PR advisers) +44 (0)20 7929 5599
David Bick, Mark Longson
Cenkos Securities plc (Financial adviser and joint broker) +44 (0)20 7397 8900
Ian Soanes, Liz Bowman
Zeus Capital Limited (joint broker) +44 (0)20 7533 7727
John Goold, Nick Cowles
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
Related Shares:
BCA