8th May 2018 16:57
8 May 2018
Flowgroup plc
(the "Company")
Directorate Changes and Director/PDMR Dealing
The Company announces that, following the completion of the sale of Flow Energy Limited to Co-operative Energy Limited on 1 May 2018, Andrew Beasley, Executive Director, has stepped down from the board with immediate effect. The board wishes to thank Andrew for his contribution to the Company over the past years.
Furthermore, the Company announces that certain directors have today sold ordinary shares of 0.1p each in the Company ("Ordinary Shares"):
Director | Number of Ordinary Shares sold | Price per Ordinary Share sold |
Nigel Canham (Chief Financial Officer) | 1,500,000 | £0.000133 |
David Grundy (Non-Executive Director) | 1,000,000 | £0.000126 |
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
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
| 213800WIIACRYUA39233 | |||
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 0.1p each | |||
Identification code | ISIN: GB00B19H7076 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.000133 | 1,500,000 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 8 May 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
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
| 213800WIIACRYUA39233 | |||
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 0.1p each | |||
Identification code | ISIN: GB00B19H7076 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.000126 | 1,000,000 | ||||
| |||||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 8 May 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
Enquiries
Flowgroup plc Alan Lovell, Chairman Nigel Canham, Chief Financial Officer
Cenkos Securities plc (Nominated adviser and broker) Stephen Keys / Mark Connelly / Callum Davidson (Corporate Finance)
Walbrook PR Ltd (Financial PR advisers) Paul McManus / Nick Rome
| +44 (0)20 3817 3637
+44 (0)20 7397 8900
+44 (0)20 7933 8780 |
Related Shares:
Flowgroup