Stobart Group Limited Director Shareholding (3190R)
September 20 2017 - 9:06AM
UK Regulatory
TIDMSTOB
RNS Number : 3190R
Stobart Group Limited
20 September 2017
20 September 2017
Stobart Group Limited
('the Company' or 'Stobart Group')
Director Shareholding
Stobart Group Limited, the infrastructure and support services
group, has been notified that Andrew Tinkler, Executive Director of
Stobart Group, has entered into arrangements to sell a proportion
of his Stobart Group shares in order to re-balance his interests in
Stobart Group and Stobart Capital, and the Company was notified on
19 September 2017 that, on the same date, he had sold 1.25 million
ordinary shares in the Company at a price of 291.05 pence per
share.
Commenting on the planned share sale, Iain Ferguson, Chairman of
Stobart Group said "Andrew divides his time between his roles as an
Executive Director of Stobart Group and as Executive Chairman of
Stobart Capital, which was established to identify and develop
investment opportunities for Stobart Group. The Stobart Group Board
anticipates situations where it would welcome an investment
commitment from Andrew alongside its own, and his planned share
sales will enable him to make such investments."
On 18 September 2017, Andrew Tinkler gave irrevocable
instructions to Cenkos Securities, the Company's joint broker, to
sell up to 10m shares in the Company within certain pricing
parameters, which would reduce his shareholding in Stobart Group by
approximately 3% to approximately 5.25%. As he has no ongoing
discretion in this matter, the trading plan can continue to operate
during the current closed period of the Company and beyond if
required.
Following the sale, Andrew's holding is as follows:
Director No. of Ordinary No. of No. of Ordinary Percentage
Shares held Ordinary Shares held of Issued
prior to Shares following Share Capital
Sale Sold Sale following
Sale
---------- ------------------- ---------- ---------------- ---------------
Andrew
Tinkler 28,476,811 1,250,000 27,226,811 7.73%
---------- ------------------- ---------- ---------------- ---------------
Notes
The Company's issued share capital consists of 354,328,831
ordinary shares, of which 2,285,425 ordinary shares are held in
treasury. Therefore, the total number of voting rights in the
Company, as at 20 September 2017, is 352,043,406.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Andrew Tinkler
---- ---------------------------- -----------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status Executive Director
---- ---------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
---- ---------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Stobart Group Limited
---- ---------------------------- -----------------------------------
b) LEI 213800BINQVRZFKA3E89
---- ---------------------------- -----------------------------------
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 10 pence
the financial each in Stobart Group Ltd
instrument, type
of instrument
----
Identification ISIN: GB00B03HDJ73
code
----
b) Nature of the Sale of Ordinary Shares in
transaction Stobart Group Ltd
---- ---------------------------- -----------------------------------
c) Price(s) and volume(s)
---- ------------------ ------------
Price(s) Volume(s)
---- ------------------ ------------
291.05 pence 1,250,000
---------------------------------------------------- ------------
d) Aggregated information
----
- Aggregated volume 1,250,000
- Price 291.05 pence
e) Date of the transaction 19 September 2017
---- ---------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- ---------------------------- -----------------------------------
Enquiries:
Stobart Group Limited C/o Redleaf Communications
Warwick Brady
Redleaf Communications +44 207 382 4730
Charlie Geller Stobart@redleafpr.com
Sam Modlin
This information is provided by RNS
The company news service from the London Stock Exchange
END
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