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Company Announcements

Replacement - Director/PDMR Shareholding

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By LSE RNS

RNS Number : 0413Y
Hansteen Holdings plc
30 November 2017
 

 

 

The following amendment has been made to the Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them released on 8 November 2017 at 4.25pm RNS 9651V.

 

The announcement dated 8 November 2017 disclosed details of the shares disposed by the directors and persons closely associated with them ("PCAs") in the Tender Offer which completed on 7 November 2017. The directors and PCAs disposed of their Full Proportional Entitlement which was comprised of their Individual Basic Entitlement plus the balance of their Ordinary Shares above their Individual Basic Entitlement to the extent that other Shareholders did not tender at least their Individual Basic Entitlement.

 

The announcement disclosed the disposals of each individual director and PCA which amounted to 13,046,382 shares in aggregate resulting in the directors and PCAs together holding 8,063,125 shares or 1.953% of the issued share capital following completion of the Tender Offer.

 

Certain of the directors and PCAs held shares in nominee accounts grouped together with other unrelated shareholders. As a result the number of shares accepted in the Tender Offer and allocated to the directors and PCAs by the administrators of the nominee accounts depended on the shares tendered by the other shareholders in those nominee accounts. In some cases this resulted in the directors and PCA's being allocated more shares than the expected 23.61% in excess of the Individual Basic Entitlements and in aggregate, including certain minor rounding differences, this amounted to 178,632 shares.

 

After adjusting for these differences, the actual number of shares disposed in the Tender Offer by directors and PCAs amounted to 13,225,014 shares in aggregate and resulted in the directors and PCAs holding 7,884,493 or 1.909% of the issued share capital following the completion of the Tender Offer.

 

The full amended text is shown below

 

Hansteen Holdings PLC

("Hansteen" or the "Company")

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

Further to the announcement made on 26 October 2017 and completion of the tender offer on 7 November 2017, the Directors and their closely association persons have, as disclosed in the Tender Offer Circular dated 4 October 2017, disposed of their Full Proportional Entitlement which is comprised of their Individual Basic Entitlement plus the balance of their Ordinary Shares above their Individual Basic Entitlement to the extent that other Shareholders did not tender at least their Individual Basic Entitlement.

 

Name

Director/ PDMR

Total shares held immediately prior to Tender offer

Number of shares tendered being their Individual Basic Entitlement plus the balance of their Ordinary Shares to the extent that other Shareholders did not tender at least their Individual Basic Entitlement being Full Proportional Entitlement

Balance of shares retained after the Tender offer

Wendy Egglenton

Spouse of Chairman

72,406

44,749

27,657

David Rough

Senior Independent Director/ Director

62,500

61,077

1,423

Barbara Rough

Spouse of Senior Independent Director / Director

12,500

12,500

0

Morgan Jones

Joint Chief Executive / Director

9,515,506

5,880,901

3,634,605

Ian Richard Watson

Joint Chief Executive / Director

8,515,506

5,262,867

3,252,639

Jacqueline Watson

Spouse of Joint Chief Executive / Director

1,000,000

618,033

381,967

Richard Philip Lowes

Finance Director / Director

1,887,402

1,317,888

569,514

Bernadette Lowes

Spouse of Finance Director /Director

43,687

26,999

16,688

 

 

The notification below, which has been 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 and persons closely associated with them

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Wendy Egglenton

2

Reason for the notification

a)

Position/status

Spouse of Chairman - Director

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer Circular dated 4 October 2017)

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

44,749

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

£1.40

44,749

£62,648.60

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Rough

2

Reason for the notification

a)

Position/status

Senior Independent Director - Director

b)

Initial notification/Amendment

Amendment Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

61,077

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

£1.40

61,077

£85,507.80

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Barbara Rough

2

Reason for the notification

a)

Position/status

Spouse of David Rough, Senior Independent Director - Director

b)

Initial notification/Amendment

Amendment Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

12,500

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

£1.40

12,500

£17,500.00

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Morgan Jones

2

Reason for the notification

a)

Position/status

Joint Chief Executive - Director

b)

Initial notification/Amendment

Amentment Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

5,880,901

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

£1.40

5,880,901

£8,233,261.40

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ian Richard Watson

2

Reason for the notification

a)

Position/status

Joint Chief Executive - Director

b)

Initial notification/Amendment

Amendment Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

5,262,867

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

£1.40

5,262,867

£7,368,013.80

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jacqueline Watson

2

Reason for the notification

a)

Position/status

Spouse of Ian Richard Watson, Joint Chief 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

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017) 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

618,033  

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

£1.40

618,033

 

£865,246.20

 

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Philip Lowes

2

Reason for the notification

a)

Position/status

Finance Director - Director

b)

Initial notification/Amendment

Amendment Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full Proportional Entitlement (as defined in the Tender Offer dated 4 October 2017)  in respect of 1,887,802 Ordinary Shares

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

1,317,888

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Price

£1.40

1,317,888

£1,845,043.20

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Bernadette Lowes

2

Reason for the notification

a)

Position/status

Spouse of Richard Philip Lowes, Finance Director - Director

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Hansteen Holdings PLC

b)

LEI

2138007274QQL9KBWY58

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 £0.10 each in the capital of Hansteen Holdings PLC

GB00B0PPFY88

b)

Nature of transaction

Disposal of Full proportional entitlement (as defined in the Tender Offer dated 4 October 2017) 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£1.40

26,999

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Price

£1.40

26,999

 

£37,798.60

 

e)

Date of the transaction

7 November 2017

f)

Place of the transaction

London Stock Exchange

 

 

 

For further information:

Karen Rowe

Link Company Matters Limited

+44 (0)20 7954 9569


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