10th Mar 2017 16:14
PREMIER VETERINARY GROUP PLC
("PVG" or the "Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
London, UK, 10 March 2017 (LSE: PVG): Following interest in the Company from a number of institutional investors, and with the aim of increasing the liquidity of the Company's shares, certain directors of PVG have sold, in aggregate, 2,350,000 ordinary shares of 10 pence each at a price of 225 pence per ordinary share. The number of ordinary shares sold by each director and their remaining interest in ordinary shares is set out below. Following this share disposal, these directors have no current intention of selling any further shares in PVG.
Director | Number of Shares Sold |
Dominic Tonner | 619,167 |
Rajan Uppal | 1,614,749 |
Iain Ross | 116,084 |
Following these trades, the interests of those directors in ordinary shares of PVG are as follows:
Director | Number of Ordinary Shares of 10p each | Percentage of Issued Share Capital
|
Dominic Tonner | 1,799,670 | 12.07% |
Rajan Uppal | 5,421,138 | 36.37% |
Iain Ross | 389,725 | 2.61% |
All shares are held beneficially.
In order to facilitate the share disposals, Messrs Tonner and Uppal today transferred shares from the following former nominee accounts to nominee accounts held with the Company's brokers, Investec Bank plc as follows:
Director | Former nominee account | Number of shares transferred |
Dominic Tonner | Thomas Grant & Company Nominees Ltd | *2,418,837 |
Rajan Uppal | Vidacos Nominees Limited | 6,248,500 |
* including 66,000 shares held by Mr Tonner's spouse.
Following the transfers and subsequent disposals, the remaining shares held by Messrs Tonner and Uppal are divided between the following nominee accounts:
Director | Nominee account | Number of shares |
Dominic Tonner | Investec Bank plc | *1,799,670 |
Rajan Uppal | Investec Bank plc | 4,633,751 |
Rajan Uppal SIPP | Vidacos Nominees Limited | 651,500 |
Rajan Uppal | Thomas Grant & Company Nominees Ltd | 63,387 |
Rajan Uppal ISA | Lynchwood Nominees Ltd | 60,000 |
Tracey Uppal ISA | Lynchwood Nominees Ltd | 12,500 |
The Company's issued share capital as at the date of this notification is 14,907,433 ordinary shares of 10 pence each.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||
a) | Name | Dominic TONNER | ||||||
2 | Reason for the notification
| |||||||
a) | Position/status
| Chief Executive Officer/Executive Director | ||||||
b) | Initial notification/ Amendment
| Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Premier Veterinary Group plc
| ||||||
b) | LEI | 2138009B5L8VQUZ9A719 | ||||||
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 £0.10 each
ISIN: GB00BSZLMS59 | ||||||
b) | Nature of the transaction | Transfer of shares from nominee accounts held with Thomas Grant & Company Nominees Ltd to nominee account held with Investec Bank Plc, including 66,000 shares held by spouse. There was no change in beneficial ownership. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 10 March 2017
| ||||||
f) | Place of the transaction | Outside of trading venue
| ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||
a) | Name | Rajan UPPAL | ||||||
2 | Reason for the notification
| |||||||
a) | Position/status
| Corporate Development Director/Executive Director | ||||||
b) | Initial notification/ Amendment
| Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Premier Veterinary Group plc
| ||||||
b) | LEI | 2138009B5L8VQUZ9A719 | ||||||
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 £0.10 each
ISIN: GB00BSZLMS59 | ||||||
b) | Nature of the transaction | Transfer of shares from nominee account held with Vidacos Nominees Ltd to nominee account held with Investec Bank Plc. There was no change in beneficial ownership. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 10 March 2017
| ||||||
f) | Place of the transaction | Outside of trading venue
| ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||
a) | Name | Dominic TONNER | ||||||
2 | Reason for the notification
| |||||||
a) | Position/status
| Chief Executive Officer/Executive Director | ||||||
b) | Initial notification/ Amendment
| Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Premier Veterinary Group plc
| ||||||
b) | LEI | 2138009B5L8VQUZ9A719 | ||||||
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 £0.10 each
ISIN: GB00BSZLMS59 | ||||||
b) | Nature of the transaction | Disposal of shares
| ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 10 March 2017
| ||||||
f) | Place of the transaction | London Stock Exchange (XLON)
| ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||
a) | Name | Rajan UPPAL | ||||||
2 | Reason for the notification
| |||||||
a) | Position/status
| Corporate Development Director/Executive Director | ||||||
b) | Initial notification/ Amendment
| Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Premier Veterinary Group plc
| ||||||
b) | LEI | 2138009B5L8VQUZ9A719 | ||||||
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 £0.10 each
ISIN: GB00BSZLMS59 | ||||||
b) | Nature of the transaction | Disposal of shares
| ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 10 March 2017
| ||||||
f) | Place of the transaction | London Stock Exchange (XLON)
| ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||
a) | Name | Iain ROSS | ||||||
2 | Reason for the notification
| |||||||
a) | Position/status
| Non-Executive Director | ||||||
b) | Initial notification/ Amendment
| Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Premier Veterinary Group plc
| ||||||
b) | LEI | 2138009B5L8VQUZ9A719 | ||||||
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 £0.10 each
ISIN: GB00BSZLMS59 | ||||||
b) | Nature of the transaction | Disposal of shares
| ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
- Aggregated volume - Price
|
| ||||||
e) | Date of the transaction | 10 March 2017
| ||||||
f) | Place of the transaction | London Stock Exchange (XLON)
| ||||||
For further information, please contact:
Premier Veterinary Group plc Tel: +44(0)117 970 4127
Dominic Tonner, Chief Executive Officer
Will Evans, Chief Financial Officer
Related Shares:
PVG.L