Source - RNS
RNS Number : 8780H
Driver Group plc
13 June 2017
 

                                                                                                                                                               

Driver Group plc

("Driver" or the "Company")

 

Exercise of Options and Total Voting Rights

 

Driver announces that it has issued 500,000 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of historic share options by Mark Wheeler, Chief Operating Officer and PDMR of the Company over 400,000 New Shares and also by an employee. Following the exercise, Mr. Wheeler holds 400,000 ordinary shares in the Company. Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM, with dealings expected to commence on 16 June 2017 ("Admission").

 

Following Admission, the Company will have a total of 53,862,868 Ordinary Shares in issue each carrying one voting right. The Company does not hold any Ordinary Shares in Treasury. This figure of 53,862,868 Ordinary Shares 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 

Enquiries:


Driver Group plc

Gordon Wilkinson, Group Chief Executive

 

 

Hugh Cawley, CFO

 

 

+44 (0) 7964 518095

Email:[email protected]

 

+44 (0) 7971 469975

Email: [email protected]

 

 

N+1 Singer (Nominated Adviser & Broker)

Sandy Fraser

Alex Laughton-Scott

 

+44 (0)20 7496 3000

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark Wheeler

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Operating Officer of Driver Group plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Driver 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 Shares of 0.4p each

 

 

 

ISIN Code: GB00B0L9C092

 

b)

 

Nature of the transaction

 

 

(i)         Exercise of options

(ii)         Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s):

 

Volume(s):

(i)         21.5 pence

(ii)         Nil

200,000

200,000



d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

12/06/2017

f)

 

Place of the transaction

 

 

Off market

 


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