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By LSE RNS

RNS Number : 5856R
Cello Group plc
22 September 2017
 

22 September 2017

Cello Group plc

 

("Cello" or "the Company")

 

Exercise of Options

 

The Company notifies that, on 22 September 2017, Mark Scott, Mark Bentley, Andy Brown and Stephen Highley, all of whom are persons discharging managerial responsibilities of the Company, exercised options over 330,000, 255,000, 48,000 and 150,000 ordinary shares of 10 pence each ("Shares") in the capital of the Company respectively, for an exercise price of 10 pence per Share. Andy Brown also exercised further options over 5,000 Shares for an exercise price of 50 pence.

The new Shares will rank pari-passu with existing Shares and have been admitted to trading under the Company's existing block listing.

Following the above exercise of options, Mark Scott, Mark Bentley, and Stephen Highley sold 194,700, 150,450, and 88,500 Shares respectively for a price of 126.5 pence per Share, in order to satisfy the exercise costs and taxes due on the option exercise. Andy Brown also sold 53,000 Shares for a price of 126.5 pence per Share.

A summary of all these transactions is set out below:

Director

Shareholding prior to option exercise and Share sale

Shares issued pursuant to option exercise

Shares sold following option exercise

Resultant shareholding following option exercise and Share sale

Resultant shareholding as % of enlarged share capital

Mark Scott

               1,320,175

                   330,000

                   194,700

               1,455,475

1.4%

Mark Bentley

                   337,968

                   255,000

                   150,450

                   442,518

0.4%

Stephen Highley

                               2,074,604 

150,000

88,500

2,136,104

2.1%

Andy Brown

6,160

53,000

53,000

6,160

0.0%

 

Following admission, Cello's issued share capital will comprise 104,953,464 Shares, of which 453,000 Shares are held in treasury. The total number of current voting rights in the Company is therefore 104,500,464 Shares.

The above figure of 104,500,464 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 

Cello Group

020 7812 8460

Mark Scott, Chief Executive


Mark Bentley, Finance Director




Cenkos Securities

0207 397 8900

Bobbie Hilliam


Harry Hargreaves




 

 

Template for 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

Mark Scott

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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

Options over ordinary shares of 10 pence each

Identification code


b)

Nature of the transaction

Exercise of options over Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




10 pence

330,000







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

Outside trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Bentley

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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

Options over ordinary shares of 10 pence each

Identification code


b)

Nature of the transaction

Exercise of options over Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




10 pence

255,000







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

Outside trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andy Brown

2

Reason for the 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

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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

Options over ordinary shares of 10 pence each

Identification code


b)

Nature of the transaction

Exercise of options over Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




10 pence

48,000




50 pence

5,000







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

Outside trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Highley

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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

Options over ordinary shares of 10 pence each

Identification code


b)

Nature of the transaction

Exercise of options over Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




10 pence

150,000







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

Outside trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Scott

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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 10 pence each

Identification code


b)

Nature of the transaction

Sale of Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




126.5 pence

194,700







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

XLON

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Bentley

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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 10 pence each

Identification code


b)

Nature of the transaction

Sale of Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




126.5 pence

150,450







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

XLON

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andy Brown

2

Reason for the 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

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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 10 pence each

Identification code


b)

Nature of the transaction

Sale of Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




126.5 pence

53,000







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

XLON

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Highley

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cello Group plc

b)

LEI

2138004TZYGZLWQP7N64 

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 10 pence each

Identification code


b)

Nature of the transaction

Sale of Ordinary Shares of 10 pence each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




126.5 pence

88,500







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

22 September 2017

f)

 

Place of the transaction

 

XLON

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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