Source - RNS
RNS Number : 0988J
Plastics Capital PLC
06 September 2016
 

 

Plastics Capital plc

(the "Company" or the "Group")

 

Issue of Equity and Directors' Shareholdings

 

Further to the Company's announcement on 25 August 2016, Plastics Capital (AIM: PLA), the niche plastics products group, announces that it has allotted 296,450 new ordinary shares of 1p each in the Company ("New Shares") to those shareholders who elected to receive the Scrip Dividend Alternative. The New Shares are expected to be admitted to AIM on 7 September 2016 ("Admission").

 

The following Directors have been allocated New Shares in the following amounts:

 

Director

New Shares acquired pursuant to Scrip Dividend Alternative

Resultant holding following Admission

Resultant holding (% of enlarged issued share capital following Admission)

Faisal Rahmatallah (Chairman)

35,516

2,754,067

7.73%

Nick Ball (Group Finance Director)

5,570

207,371

0.58%

Richard Vessey (Non-Executive Director)

68,313

2,542,920

7.13%

Andrew Walker (Non-Executive Director)

6,074

226,166

0.63%

 

Following Admission, the Company will have 35,641,023 ordinary shares in issue admitted to trading on AIM. Following Admission, the above figure (35,641,023) 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 Company under the FCA's Disclosure and Transparency Rules.

 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them:

 

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

 

Scrip dividend

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

106.5p per share

35,516

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

Single transaction

 

e)

 

Date of the transaction

 

5 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (AIM)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nick Ball

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Finance Director

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

 

Scrip dividend

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

106.5p per share

5,570

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

Single transaction

 

e)

 

Date of the transaction

 

5 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (AIM)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Richard Vessey

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

 

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

 

Scrip dividend

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

106.5p per share

68,313

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

Single transaction

 

e)

 

Date of the transaction

 

5 September 2016

f)

 

Place of the transaction

 

London Stock Exchange (AIM)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew Walker

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

 

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

 

Scrip dividend

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

106.5p per share

6,074

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

Single transaction

 

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 (Joint broker)

Tel: 020 3328 5656

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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