23rd Mar 2018 12:02
Augean plc
("Augean" or the "Group")
PDMR shareholdings
Augean, one of the UK's leading specialist waste management businesses, was notified that on 22 March 2018 Jim Meredith, Executive Chairman of the Company, purchased 1,000,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 27 pence per Ordinary Share. Following this transactions, Jim Meredith's total shareholding in the capital of the Company is 2,500,000 Ordinary Shares representing 2.43 per cent. of the voting share capital of Augean.
In addition, Augean was today notified that Roger McDowell, Non-Executive Director, purchased 1,000,000 Ordinary Shares through his pension plan at a price of 26.03 pence per Ordinary Share. This takes Roger McDowell's total shareholding in the capital of the Company to 4,000,000 Ordinary Shares representing 3.89 per cent. of the voting share capital of Augean.
Finally, Augean was today notified that North Atlantic Smaller Companies Trust Plc ("NASCIT"), of which Christopher Mills, a Non-Executive Director of Augean, is investment manager, purchased 1,550,000 Ordinary Shares on 22 March 2018 at a price of 27 pence per Ordinary Share and 1,250,000 Ordinary Shares on 23 March 2018 at a price of 26 pence per Ordinary Share. Oryx International Growth Fund Limited ("Oryx") also purchased 450,000 Ordinary Shares on 22 March 2018 at a price of 27 pence per Ordinary Share and 350,000 Ordinary Shares on 23 March 2018 at a price of 26 pence per Ordinary Share.
Christopher Mills is therefore now interested in 22,200,000 Ordinary Shares being 21.56% of Augean's issued share capital. 13,800,000 Ordinary Shares are held by NASCIT, 8,300,000 Ordinary Shares are held by Oryx and 100,000 Ordinary Shares are held by Harwood Capital LLP ("Harwood"). Harwood is investment manager to NASCIT and investment adviser to Oryx. Harwood is a limited liability partnership of which Christopher Mills is a partner and Chief Investment Officer. Christopher Mills is also a shareholder and director of both NASCIT and Oryx.
- Ends -
Enquiries:
Augean plc Jim Meredith, Executive Chairman Mark Fryer, Group Finance Director
| 01937 844 980 |
N+1 Singer Shaun Dobson Alex Price
| 020 7496 3000 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jim Meredith | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Chairman | ||||
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
Identification code
| Ordinary Shares of 10 pence each
GB00B02H2F76 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 22/03/2018 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Roger McDowell | ||||
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
| 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
Identification code
| Ordinary Shares of 10 pence each
GB00B02H2F76 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 23/03/2018 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Harwood Capital LLP, as investment manager to North Atlantic Smaller Companies Investment Trust PLC ("NAIT") | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Christopher Mills, a Non-Executive Director, is a partner and Chief Investment Officer of Harwood Capital LLP and a director and shareholder in NAIT
| ||||||
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
Identification code
| Ordinary shares of 10p each ("Ordinary Shares")
ISIN Code: GB00B02H2F76
| ||||||
b)
| Nature of the transaction
| Acquisition of shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 22/03/2018 and 23/03/2018 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Oryx International Growth Fund Limited ("Oryx") | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Christopher Mills, a Non-Executive Director, is a partner and Chief Investment Officer of Harwood Capital LLP and a director and shareholder in Oryx.
| ||||||
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
Identification code
| Ordinary shares of 10p each ("Ordinary Shares")
ISIN Code: GB00B02H2F76
| ||||||
b)
| Nature of the transaction
| Acquisition of shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||||
e)
| Date of the transaction
| 22/03/2018 and 23/03/2018 | ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
Related Shares:
AUG.L