29th Dec 2020 07:00
29 December 2020
Augean plc ("Augean" or the "Company")
Exercise of options, PDMR dealing and total voting rights
Augean, one of the UK's leading specialist waste management businesses, announces that on 24 December 2020, Gene Wilson, the Corporate Stewardship Director, exercised 278,723 options over ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"), being 166,789 options awarded on 23 September 2014, 56,600 options awarded on 31 October 2016 and 55,334 options awarded on 28 April 2017, all under the Augean Plc 2014 Long Term Incentive Plan. The Company issued and allotted 278,723 new Ordinary Shares, all of which were sold by Mr Wilson on 24 December 2020.
Application has been made to the London Stock Exchange for 278,723 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on 4 January 2021.
Following Admission, the total number of Ordinary Shares in issue will be 104,971,924 and the total number of voting rights will therefore be 104,971,924. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
In addition, the Company has been notified that on 23 December 2020 Harwood Capital LLP, as investment manager to NASCIT, sold 62,500 Ordinary shares at a price of 210 pence per Ordinary Share. Following this transaction Harwood Capital LLP, as investment manager to NASCIT holds 26,600,000 Ordinary Shares in the Company, representing 25.3% of the total issued share capital.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
- Ends -
Enquiries:
Augean plc Jim Meredith, Executive Chairman Mark Fryer, Group Finance Director
| 01937 844 980 | |||||||
N+1 Singer Peter Steel Jen Boorer | 020 7496 3000 | |||||||
Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a)
| Name
| Gene Wilson |
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2
| Reason for the notification
|
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a)
| Position/status
| Corporate Stewardship Director |
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b)
| Initial notification /Amendment
| Initial Notification |
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3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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a)
| Name
| Augean plc |
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b)
| LEI
| 213800FX9OGD148QCP81 |
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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
|
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a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10 pence each
GB00B02H2F76 |
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b)
| Nature of the transaction
| 1. Exercise of options 2. Sale of shares |
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c)
| Price(s) and volume(s)
1. Exercise of options 2. Sale of shares |
|
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d)
| Aggregated information
- Aggregated volume
- Price
| In respect of 1 and 2 in 4(c): N/A - single transactions |
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e)
| Date of the transaction
| 1. Exercise of options: 24 December 2020 2. Sale of shares: 24 December 2020 |
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f)
| Place of the transaction
| 1. Outside a trading venue; 2. London Stock Exchange, AIM Market (XLON) |
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1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Harwood Capital LLP as investment manager to NASCIT | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Christopher Mills, non-exec director of the issuer and director of North Atlantic Smaller Companies Investment Trust plc NASCIT | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Augean plc | |||
b)
| LEI
| 213800FX9OGD148QCP81
| |||
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 £0.10 each | |||
Identification code | GB00B02H2F76
| ||||
b)
| Nature of the transaction
| Share disposal | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
210.00p | 62,500 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 23 December 2020 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Related Shares:
AUG.L