17th Nov 2016 08:25
The following replaces the "Exercise of options & transaction in own shares" announcement (RNS: 3962P) released at 6:16pm on 16 November 2016. This replacement announcement includes the PDMRs' dealing forms at the end of the announcement. All other information remains unchanged.
Journey Group plc
("Journey Group" or the "Company")
Exercise of options
Transaction in own shares
PDMR shareholdings
Total voting rights
Journey Group (AIM: JNY), a leading provider of in-flight products and catering services to the international airline and travel industries, announces that, following the exercise of share options by certain employees and persons discharging managerial responsibilities ("PDMRs"), it has today transferred a total of 1,379,864 ordinary shares of 25 pence each in the capital of the Company (the "Ordinary Shares") which were previously held in treasury, to the option holders and PDMRs.
Exercise of options by PDMRs
Each of the following PDMRs has today exercised their outstanding options under the Company's Enterprise Management Incentive and Unapproved Share Option Plan (the "Option Plan") in full at an exercise price per Ordinary Share of 129p. The shareholding of each PDMR following such exercise is included in the below table:
PDMR | Position | No. of Ordinary Shares Received as a result of Exercise | No. of Ordinary Shares held following Exercise | Percentage of Ordinary Shares held following Exercise |
Joseph Golio | Director | 413,959 | 505,004 | 3.82% |
Stephen Yapp | Director | 275,971 | 687,671 | 5.20% |
Alison Whittenbury | Director | 137,987 | 137,987 | 1.04% |
PDMR Dealings
The Company also announces that following the exercise of the above-mentioned options, it has received notification from the PDMRs set out in the table below that they today disposed of the following number of Ordinary Shares at a price per Ordinary Share of 240p to Jaguar Holdings Limited. The resulting shareholding in the Company of each PDMR is included in the below table:
PDMR | Position | No. of Ordinary Shares Disposed | No. of Ordinary Shares held following Disposal | Percentage of Ordinary Shares held following Disposal |
Joseph Golio | Director | 413,959 | 91,045 | 0.69% |
Stephen Yapp | Director | 275,971 | 411,700 | 3.11% |
Alison Whittenbury | Director | 137,987 | 0 | 0% |
Exercise of options and subsequent disposal by non-PDMR participants in Option Plan
In addition to the exercise of outstanding options by the above PDMRs and the subsequent disposal of the resulting Ordinary Shares to Jaguar Holdings Limited, the Company also announces that all other participants (each being an employee of the Company) in the Option Plan today exercised their outstanding options in full at an exercise price per Ordinary Share of 129p and received, in aggregate, 551,947 Ordinary Shares. Immediately following such exercise, such participants transferred, in aggregate, 551,947 Ordinary Shares to Jaguar Holdings Limited at a price per Ordinary Share of 240p.
Total voting rights
Following the transfer of shares out of treasury, the Company has a total of 13,798,642 ordinary shares in issue, of which 572,899 Ordinary Shares are held in treasury. Therefore the issued share capital of the Company carrying voting rights is 13,225,743, which 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Stephen Yapp
Alison Whittenbury
Journey Group plc
Tel: +44 (0) 20 8606 1300
N+1 Singer (Nominated Adviser & Broker)
Alex Price
Lauren Kettle
Tel: +44 (0) 20 7496 3000
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name
| 1 Stephen Yapp2. Joseph Golio3. Alison Whittenbury | ||||
2 | Reason for the notification | |||||
a) | Position/status
| 1. Director - Chairman 2. Director - President Airfayre CA Inc 3. Director CFO
| ||||
b) | Initial notification/Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Journey Group plc | ||||
b) | LEI | n/a | ||||
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 25p shares
ISIN: GB00B909HR51 | ||||
b) | Nature of the transaction
| Exercise of Options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | ||||
e) | Date of the transaction | 16 November 2016 | ||||
f) | Place of the transaction
| London Stock Exchange AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| 2 Stephen Yapp2. Joseph Golio3. Alison Whittenbury | ||||
2 | Reason for the notification | |||||
a) | Position/status
| 4. Director - Chairman 5. Director - President Airfayre CA Inc 6. Director CFO
| ||||
b) | Initial notification/Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Journey Group plc | ||||
b) | LEI | n/a | ||||
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 25p shares
ISIN: GB00B909HR51 | ||||
b) | Nature of the transaction
| Sale of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (single transaction) | ||||
e) | Date of the transaction | 16 November 2016 | ||||
f) | Place of the transaction
| London Stock Exchange AIM | ||||
Related Shares:
JNY.L