Swallowfield PLC Exercise of options, PDMR deal and TVR (1062J)
March 27 2018 - 8:14AM
UK Regulatory
TIDMSWL
RNS Number : 1062J
Swallowfield PLC
27 March 2018
27 March 2018
Swallowfield plc
("Swallowfield", the "Company" or the "Group")
Exercise of options/PDMR dealing
Swallowfield plc, a market leader in the development,
formulation, and supply of personal care and beauty products,
including its own portfolio of brands, announces the exercise of
options in aggregate over 270,141 ordinary shares of 5 pence each
("Ordinary Shares") at an exercise price of 95 pence per Ordinary
Share (the "Options"). Details of the exercise of the Options are
as follows:
Director Number of Number of Percentage
share options shares held of the Enlarged
exercised in Swallowfield* Share Capital*
--------------- --------------- ------------------ -----------------
Chris How 136,457 226,434 1.32%
--------------- --------------- ------------------ -----------------
Jane Fletcher 66,842 104,216 0.61%
--------------- --------------- ------------------ -----------------
* following the issue and allotment of the Options
In addition, 66,842 Options have been exercised by a former
director of Swallowfield.
The Options have been exercised under the Company's 2005
Approved and Unapproved Executive Share Option Scheme and 2014
Phantom Share Option Scheme, further details of which are contained
in the Group's most recent report and accounts. As announced at the
time of initial grant on 8 December 2014, the Phantom Option Scheme
was designed to finance the exercise of the Options so that there
was no share overhang at the point that the Options were
exercised.
Following the exercise of the Options there are now no longer
any outstanding options under the executive share options and
executive phantom share options granted in December 2014. There
remain outstanding options over 64,993 Ordinary Shares pursuant to
the grants announced on 18 July 2016 under the Swallowfield plc
2009 Long Term Incentive Plan representing 0.38% of the Enlarged
Share Capital of the Company.
Application for admission
The Group has made an application to the London Stock Exchange
for the admission to trading on AIM ("Admission") of the 270,141
new Ordinary Shares to be issued pursuant to the exercise of the
Options (the "New Shares"). Admission is expected to occur at 8.00
a.m. on 5 April 2018. On Admission the New Shares will rank pari
passu with the Group's existing Ordinary Shares. Following
Admission the Group's share capital will comprise 17,135,542
Ordinary Shares (the "Enlarged Share Capital"). This figure
represents the total voting rights in the Company and may be used
by shareholders as the denominator for the calculations by which
they can determine if they are required to notify their interest
in, or a change to their interest in the Company under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
For further information please contact:
Swallowfield plc
01823 662
Chris How Chief Executive Officer 241
01823 662
Matthew Gazzard Group Finance Director 241
Alex Price 020 7496
Jen Boorer N+1 Singer 3000
Josh Royston
Hilary Buchanan 020 8004
Sam Modlin Alma PR 4218
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Chris How
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status CEO
--- ------------------------- ---------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------
a) Name Swallowfield plc
--- ------------------------- ---------------------------
b) LEI 213800BSD8D9QEUKCE17
--- ------------------------- ---------------------------
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 Ordinary Shares of 5 pence
the financial each
instrument, type
of instrument
GB0008667304
Identification
code
--- ------------------------- ---------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
95 pence 136,457
---------- ----------
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 23/3/2018
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Jane Fletcher
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Group Sales And Marketing
Director
--- ------------------------- ---------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------
a) Name Swallowfield plc
--- ------------------------- ---------------------------
b) LEI 213800BSD8D9QEUKCE17
--- ------------------------- ---------------------------
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 Ordinary Shares of 5 pence
the financial each
instrument, type
of instrument
GB0008667304
Identification
code
--- ------------------------- ---------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
95 pence 66,842
---------- ----------
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 23/3/2018
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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