BELVOIR GROUP PLC
(the "Company", the "Group" or "Belvoir")
Exercise of Options
Director/PDMR Dealing
and
Total Voting Rights
Belvoir Group plc (AIM: BLV), a leading UK property franchise group, announces that it has allotted 930,339 new ordinary shares of 1p each ("Ordinary Shares") following the exercise of share options under the Company's EMI, LTIP and CSOP share option schemes by certain PDMRs (together the "Exercising PDMRs"). Further to the exercise of such options the Exercising PDMRs have sold, in aggregate, 686,000 Ordinary Shares arising from such exercise at a price of 250 pence per Ordinary Share as set out below.
In the case of Dorian Gonsalves, CEO, and Louise George, CFO, they have retained broadly 50% and 100% of their respective gain after exercise price, tax and costs, both increasing their aggregate holding in the Company accordingly.
| Director/PDMR | Current holding of Ordinary Shares
| Options exercised | Ordinary Shares sold | Resultant holding of Ordinary Shares | % of TVR |
| Dorian Gonsalves | 483,595 | 644,727 | 482,000 | 646,322 | 1.7 |
| Louise George | 327,532 | 175,000 | 93,388 | 409,144 | 1.1 |
| Julie Wilson | nil | 110,612 | 110,612 | nil | 0.0 |
Application has been made to the London Stock Exchange for the 930,339 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 10 September 2021.
Following Admission, the total number of Ordinary Shares in issue will be 37,292,113 and the total number of voting rights will therefore be 37,292,113. There are no Ordinary Shares held in treasury. This figure 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 announcement contains inside information.
For further details:
| Belvoir Group PLC Dorian Gonsalves, Chief Executive Officer Louise George, Chief Financial Officer www.belvoirgroup.com
| 01476 584900 investorrelations@belvoirgroup.com |
| finnCap Julian Blunt, Teddy Whiley (Corporate Finance) Tim Redfern, Charlotte Sutcliffe (ECM)
| +44 (0) 20 7220 0500 |
| Buchanan Charles Ryland, Victoria Hayns & Tilly Abraham
| +44 (0) 20 7466 5000 |
Notes:
About Belvoir Group PLC
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise Group with 467 offices across six brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages 71,600 properties and reported record revenues of £21.7m in 2020 marking Belvoir's 24th year of unbroken profit growth.
For further information, please visit: www.belvoirgroup.com
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Dorian Gonsalves | ||||||
| 2 | Reason for notification |
| ||||||
| a. | Position/Status | Chief Executive Officer | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Belvoir Group PLC | ||||||
| b. | LEI | 213800FPT3JTZYB3FP61 | ||||||
| 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 | Ordinary Shares of 1p each
ISIN: GB00B4QY1P51 | ||||||
| b. | Nature of the transaction | Exercise of Share Options held under the Company's LTIP and Sale of Ordinary Shares
| ||||||
| c. | Price(s) and volume(s) | | | | | | ||
| | Price(s) | Volume(s) | | |||||
| 1p Exercise price | 644,727 | Option Exercise | ||||||
| | 250p | 482,000 | Sale | |||||
| | ||||||||
| d. | Aggregated information | As above
| ||||||
| e. | Date of the transaction | 6 September 2021 | ||||||
| f. | Place of the transaction | London Stock Exchange | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Louise George | ||||||
| 2 | Reason for notification |
| ||||||
| a. | Position/Status | Chief Financial Officer | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Belvoir Group PLC | ||||||
| b. | LEI | 213800FPT3JTZYB3FP61 | ||||||
| 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 | Ordinary Shares of 1p each
ISIN: GB00B4QY1P51 | ||||||
| b. | Nature of the transaction | Exercise of Share Options held under the Company's EMI Scheme and Sale of Ordinary Shares | ||||||
| c. | Price(s) and volume(s) | | | | | | ||
| | Price(s) | Volume(s) | | |||||
| 132p Exercise price | 175,000 | Option Exercise | ||||||
| | 250p | 93,388 | Sale | |||||
| | ||||||||
| d. | Aggregated information | As above | ||||||
| e. | Date of the transaction | 6 September 2021 | ||||||
| f. | Place of the transaction | London Stock Exchange | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Julie Wilson | ||||||
| 2 | Reason for notification |
| ||||||
| a. | Position/Status | Group Financial Controller | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Belvoir Group PLC | ||||||
| b. | LEI | 213800FPT3JTZYB3FP61 | ||||||
| 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 | Ordinary Shares of 1p each
ISIN: GB00B4QY1P51 | ||||||
| b. | Nature of the transaction | Exercise of Share Options held under the Company's CSOP and EMI Schemes and Sale of Ordinary Shares | ||||||
| c. | Price(s) and volume(s) | | | | | | ||
| | Price(s) | Volume(s) | | |||||
| 132p Exercise price | 60,000 | EMI Option Exercise | ||||||
| | 116p Exercise price | 20,000 | EMI Option Exercise | |||||
| | 98p Exercise Price | 30,612 | CSOP Option Exercise | |||||
| | 250p | 110,612 | Sale | |||||
| | ||||||||
| d. | Aggregated information | Option exercise: 110,612 shares at 119.7p Share sale: as above | ||||||
| e. | Date of the transaction | 6 September 2021 | ||||||
| f. | Place of the transaction | London Stock Exchange | ||||||
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