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Director/PDMR Dealing and Issue of Equity

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By LSE RNS

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 £1.00 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 /Amendment

Initial notification

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 the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p each

 

 

Company ISIN: GB00B289KK20

b)

Nature of the transaction

Exercise of options over ordinary shares

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.00

50,000

d)

Date of the transaction

3 October 2017

e)

Place of the transaction

Outside a trading venue

Enquiries:

 

Plastics Capital plc

Tel: 020 7978 0574

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 £77 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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