Source - RNS
RNS Number : 7610I
Cropper(James) PLC
02 September 2016
 

2 September 2016

 

James Cropper plc (the 'Company')

 

Issue of equity and Notification of Transactions of Directors and

Persons Discharging Managerial Responsibility ("PDMR")

 

Issue of equity

The Company announces that on 1 September 2016, it issued and allotted 150,482 new ordinary shares of 25p each in the Company ("Shares") pursuant to the exercise of SAYE Scheme options.

 

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will become effective and trading will commence at 8.00am on 8 September 2016.

                                                                                                

Following Admission of the Shares the Company's enlarged issued share capital will comprise 9,388,905 ordinary shares. The Company does not hold any ordinary Shares in treasury. Therefore the total number of ordinary Shares in the Company will be 9,388,905. This figure may be used by shareholders in the Company 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.

 

PDMR dealings

 

Exercise of options

 

The Company was notified on 1 September 2016 that, as part of the exercise of options referred to above, the following PDMRs had on that date exercised options as listed below at a price of 199.52 pence per Share:

 

Phil Wild (Director)                     4,510 Shares

Jim Aldridge                              3,608 Shares

Steve Atkinson                          1,353 Shares

David Carey                               4,510 Shares

Jan Mason                                   902 Shares

David Nicholson                           902 Shares

 

Transfer of shares to spouse

 

The Company was notified on 1 September 2016 that Phil Wild, a Director of the Company, transferred 4,510 Shares to his wife, Jacqueline Wild.

 

Sale of Shares

 

The Company was further notified on 1 September 2016 that Jan Mason, a PDMR of the Company, sold 902 Shares at a price of 905.0 pence per Share.

 

Acquisition of Shares by the Trustees of James Cropper PLC Share Incentive Plan

 

The Company was notified on 1 September 2016 that the Trustees of James Cropper PLC Share Incentive Plan ("JC SIP Plan") acquired 38,485 Shares at a price of 905.0 pence per Share. This was to satisfy future releases under the James Cropper PLC Share Incentive Plan, in which participants, including executive directors, have a potential interest subject to the achievement of performance targets.

 

As a result of the above transaction, the JC SIP Plan is interested in 132,063 Shares, representing 1.4% of the issued share capital of the Company.

 

As a result of the change in interest of the JC SIP Plan, the non - beneficial interest of the following PDMR was increased by:

 

David Nicholson             38,485 Shares

 

Acquisition of Shares James Cropper Employee Benefit Trust Ltd

 

The Company was further notified 1 September 2016 that the James Cropper Employee Benefit Trust Ltd (the "James Cropper EBT") acquired 31,580 Shares at a price of 905.0 pence per Share. This was to satisfy future releases under the James Cropper PLC 2008 Long Term Incentive Scheme Plan in which participants, including executive directors, have a potential interest subject to the achievement of performance targets.

 

As a result of the above transaction, James Cropper EBT Ltd is interested in 80,249 Shares, representing 0.9% of the issued share capital of the Company.

 

As a result of the movement in the interests of James Cropper EBT Ltd, the non - beneficial interest of the following PDMRs were increased by:

 

Doug Mitchell    (Non - Executive Director)          31,580 Shares

Jim Sharp          (Non - Executive Director)          31,580 Shares

David Wilks       (Non - Executive Director)          31,580 Shares

 

 

 

Enquiries:

James Cropper PLC (Aim:CRPR)

Isabelle Maddock, Group Finance Director

Jim Aldridge, Company Secretary

www.cropper.com

01539 722002

 

 

Stockdale Securities Limited

Robert Finlay

David Coaten

www.westhousesecurities.com

020 7601 6100

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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