Source - RNS
RNS Number : 9628I
Plastics Capital PLC
05 September 2016
 

 

Plastics Capital plc

(the "Company" or the "Group")

 

Director/PDMR Dealing

 

Plastics Capital (AIM: PLA), the niche plastics products group, announces that Faisal Rahmatallah, Chairman of the Company, has today transferred 42,656 ordinary shares of 1p each in the Company to his Self-Invested Personal Pension ("SIPP") at a price of 106p per share. Following this transaction, Mr Rahmatallah's beneficial interest in the Company's ordinary shares remains unchanged. Further detail is set out below.

 

Director/PDMR notification - Faisal Rahmatallah

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Faisal Rahmatallah

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Plastics Capital 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 shares of 1p each in the capital of Plastics Capital plc

 

 

Company ISIN: GB00B289KK20

 

b)

 

Nature of the transaction

 

 

Transfer of ordinary shares from personal holding to Self-Invested Personal Pension ("SIPP")

 

Sale of ordinary shares to self-invested personal pension.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

106p per share

42,656

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

42,656

 

 

106p per share

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

5 September 2016

f)

 

Place of the transaction

 

 

London Stock Exchange (AIM)

 

 

 

 

Plastics Capital plc

Tel: 020 7978 0574

Faisal Rahmatallah, Chairman

 

Nick Ball, Finance Director

 

 

 

Cenkos Securities

Tel: 020 7397 8900

(Nomad and joint broker)

Mark Connelly

Callum Davidson

 

 

 

Allenby Capital Limited

Tel: 020 3328 5656

(Joint broker)

David Hart

 

Katrina Perez

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780/[email protected]

Paul Cornelius

Mob: 07866 384 707

Helen Cresswell

Mob: 07841 917 679

 

 

Notes to Editor

 

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·     Packaging for the food manufacturing and distribution - films, sacks and pouches

·     Steering columns and instrument control knobs in the automotive industry -  plastic ball bearings

·     Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·     Cardboard box manufacture - plastic creasing matrices

 

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

 

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia.  Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

 

 


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