Plastics Capital PLC Director/PDMR Dealing and Issue of Equity (5737S)
October 03 2017 - 7:43AM
UK Regulatory
TIDMPLA
RNS Number : 5737S
Plastics Capital PLC
03 October 2017
Plastics Capital plc
(the "Company" or the "Group")
Director/PDMR Dealing and Issue of Equity
Plastics Capital announces that, on 3 October 2017, Andrew
Walker, Non-Executive Director, exercised options over 50,000
ordinary shares of 1p each in the Company ("Ordinary Shares") at an
exercise price of GBP1.00 per Ordinary Share pursuant to the
Options Agreement dated 27 November 2007.
Accordingly, an application has been made for 50,000 Ordinary
Shares to be admitted to trading on AIM ("Admission") which is
expected to occur on 9 October 2017. Following Admission the
Company will have 38,995,151 Ordinary Shares in issue. 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 Company under
the FCA's Disclosure and Transparency Rules.
Following Admission, Andrew Walker will hold 295,684 Ordinary
Shares, representing approximately 0.76% per cent. of the Company's
issued share capital.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Andrew Walker
--- ------------------------- ----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Non-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 Plastics Capital 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 Ordinary shares of 1p each
the financial
instrument, type
of instrument Company ISIN: GB00B289KK20
Identification
code
--- ------------------------- ----------------------------
b) Nature of the Exercise of options over
transaction ordinary shares
--- ------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP1.00 50,000
---------- ----------
--- ------------------------- ----------------------------
d) Date of the transaction 3 October 2017
--- ------------------------- ----------------------------
e) Place of the transaction Outside a trading venue
--- ------------------------- ----------------------------
Enquiries:
Plastics Capital Tel: 020 7978 0574
plc
Faisal Rahmatallah,
Chairman
Nick Ball, Finance
Director
Cenkos Securities Tel: 020 7397 8900
(Nomad and joint
broker)
Mark Connelly
Callum Davidson
Allenby Capital Limited Tel: 020 3328 5656
(Joint broker)
David Hart
Katrina Perez
Notes to Editor
Plastics Capital is a niche manufacturer of specialist plastic
products. Applications for these products vary widely and examples
include:
-- Packaging for the food manufacturing and distribution - films, sacks and pouches
-- Steering columns and instrument control knobs in the
automotive industry - plastic ball bearings
-- Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
-- Cardboard box manufacture - plastic creasing matrices
Plastics Capital's business model is based on understanding
customers' problems in depth, and then developing and mass
producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and
Industrial, and has the majority of its production in six UK based
factories, with a further three factories in Asia. Approximately
40% of its GBP77 million sales are made outside the UK to more than
80 countries.
Further information can be found on www.plasticscapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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