CareTech Holdings PLC Director/PDMR Shareholding (6418E)
October 19 2018 - 7:57AM
UK Regulatory
TIDMCTH
RNS Number : 6418E
CareTech Holdings PLC
19 October 2018
For immediate release 19 October 2018
CareTech Holdings PLC
("CareTech" or "the Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCAs") with them
PDMR Dealings
Westminster Holdings Limited ("Westminster"), a company wholly
owned and controlled by the Westminster Trust (a discretionary
trust of which the beneficiaries include Farouq Sheikh and Haroon
Sheikh, the Company's Executive Chairman and Chief Executive
Officer respectively) has received, in aggregate, 384,345 new
ordinary shares in CareTech as consideration for the acquisition of
its holding in Cambian Group plc ("Cambian") pursuant to the terms
of the Headline Offer for the acquisition of Cambian by CareTech
which completed today.
Capitalised terms used but not defined in this Announcement have
the meanings set out in the Company's announcement dated 16 August
2018 and in the combined prospectus and AIM admission document
published on 19 September 2018.
The interests of Mr F Sheikh and Mr H Sheikh and their connected
persons in the issued share capital of the Company are set out
below:
No. Ordinary Shares held
No. Ordinary Shares held immediately following
before Admission Admission % of Enlarged Share Capital
Farouq Sheikh 638,919 638,919 0.6%
Haroon Sheikh 690,226 690,226 0.6%
Westminster Holdings Limited 9,763,519 10,147,864 9.3%
Cosaraf Pension Fund 170,000 170,000 0.2%
Total: Farouq Sheikh and
Haroon Sheikh and their
respective PCAs 11,262,664 11,647,009 10.7%
For further information please contact:
CareTech Holdings PLC 01707 601 800
Farouq Sheikh, Executive Chairman
Michael Hill, Group Finance
Director
Panmure Gordon (Nomad and Joint
Broker) 020 7886 2500
Emma Earl
Freddy Crossley
Charles Leigh-Pemberton
WH Ireland (Joint Broker)
Adrian Hadden
Chris Viggor 020 7220 1666
Buchanan (PR Adviser) 020 7466 5000
Mark Court
Sophie Wills
Tilly Abraham
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCAs") with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Westminster Holdings Limited ("Westminster")
--------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Westminster is a company wholly owned and
controlled by the Westminster Trust (a
discretionary trust of which the beneficiaries
include Farouq Sheikh and Haroon Sheikh,
Executive Chairman and Chief Executive
Officer of the Company respectively). As
Mr F Sheikh and Mr H Sheikh are both PDMRs,
Westminster is classified as a PCA for
the purposes of the EU Market Abuse Regulation
--------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name CareTech Holdings PLC
--------------------------- ------------------------------------------------
b) LEI
213800HI1AZG2GLBYF65
--------------------------- ------------------------------------------------
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 Ordinary Shares of 0.5 pence each
financial instrument,
type of instrument
--------------------------- ------------------------------------------------
b) Identification code GB00B0KWHQ09
--------------------------- ------------------------------------------------
c) Nature of the transactions
Consideration Shares issued in relation
to the acquisition of Cambian Group plc
by Caretech
--------------------------- ------------------------------------------------
d) Price(s) and volume(s) Price: 0.5 pence per share
Volume: 384,345
--------------------------- ------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- ------------------------------------------------
e) Date of the transactions 19 October 2018
--------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
--------------------------- ------------------------------------------------
Name of authorised official of issuer responsible for making
notification:
Michael Hill
Company Secretary to CareTech Holdings PLC
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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END
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