PDMR Dealing

RNS Number : 2435G

Accrol Group Holdings PLC

24 November 2020

 

24 November 2020

Accrol Group Holdings plc

(the "Company")

AIM: ACRL

PDMR Dealing

Following the announcement made by the Company on 23 November 2020 titled "Admission of Shares & TVR" , Accrol Group Holdings plc, a leading independent tissue converter in the UK, announces that the following Admission, the below PDMR dealings have occurred.

As a result of the Option Exercise, participation in the Open Offer by certain PDMRs and the Secondary Placing, the number of Option Shares issued to each of the PDMRs listed below and sold by certain of them pursuant to the Secondary Placing (predominantly to meet the costs of, and personal tax liabilities arising on, the Option Exercise), the number of Open Offer Shares subscribed for under the Open Offer, together with their resulting holdings are as follows:

PDMR	Number of Ordinary Shares held pre Option Exercise	Number of Option Shares held post Option Exercise	Number of Open Offer Shares acquired	Number of Secondary Placing  Shares sold	Shareholding post Option Exercise and Secondary Placing	% of issued share capital held   following Admission
Dan Wright*	4,077,808	5,700,738	194,180	-	9,972,726	3.20%
Gareth Jenkins	610,000	9,396,544	29,524	4,437,436	5,598,632	1.80%
Mark Dewhurst	65,648	2,750,944	-	1,326,617	1,489,975	0.48%
Graham Cox	-	1,295,990	-	612,020	683,970	0.22%
John Pilkington	-	83,213	-	39,298	43,915	0.01%

* 8,244,155 of these shares are (or will be) registered in the name of Gomrath Limited, a family investment company controlled by Dan Wright.

Further details of the PDMR dealings are included below.

The capitalised terms used in this announcement have the same meanings as in the announcement dated 23 November 2020 titled "Admission of Shares & TVR", unless otherwise stated.

For further information, please contact:
Accrol Group Holdings plc
Dan Wright, Executive Chairman	Via Belvedere Communications
Gareth Jenkins, Chief Executive Officer
Zeus Capital Limited (Nominated Adviser & Broker)
Dan Bate / Jordan Warburton	Tel: [phone]
Dominic King / John Goold	Tel: [phone]
Liberum Capital Limited (Joint Broker)	Tel: [phone]
Clayton Bush / Edward Thomas
Belvedere Communications Limited
Cat Valentine	Tel: [phone]
Keeley Clarke	Tel: [phone]
Llew Angus	Tel:  [phone]
	[e-mail]

Notes to Editors

Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. The business operates from four sites in Lancashire:

·	A manufacturing, storage, and distribution facility in Blackburn;
·	A storage and administrative centre in Blackburn;
·	A facial tissue plant, also in Blackburn; and
·	A manufacturing, storage, and distribution facility in Leyland.

For more information, please visit www.accrol.com .

The notification below, 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	Dan Wright
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Accrol Group Holdings plc
b)	LEI	213800MC56M5G69RJ226
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 £0.001 each ISIN: GB00BZ6VT592
b)	Nature of the transaction	a)  Exercise of options    b)  Transfer of shares   c)  Purchase of Ordinary Shares (under the Open Offer)
c)	Price(s) and volume(s)	a)  Volume: 5,700,738 Price :  £0.001   b)  Volume: 5,700,738 Price :  £0.001   c)  Volume: 194,180 Price :  £0.44
d)	Aggregated information - Aggregated volume - Price	a)  Price :  £0.001 Volume: 5,700,738   b)  Price :  £0.001 Volume: 5,700,738   c)  Price :  £0.44 Volume: 194,180
e)	Date of the transaction	a)  23 November 2020   b)  23 November 2020   c)  23 November 2020
f)	Place of the transaction	a)  London Stock Exchange, AIM   b)  Off market transaction   c)  London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gareth Jenkins
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Accrol Group Holdings plc
b)	LEI	213800MC56M5G69RJ226
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 £0.001 each ISIN: GB00BZ6VT592
b)	Nature of the transaction	a)  Exercise of options    b)  Sale of shares   c)  Purchase of Ordinary Shares (under the Open Offer)
c)	Price(s) and volume(s)	a)  Price: £0.001 Volume: 9,396,544   b)  Price: £0.44 Volume: 4,437,436   c)  Price: £0.44 Volume: 29,524
d)	Aggregated information - Aggregated volume - Price	a)  Price: £0.001 Volume: 9,396,544   b)  Price: £0.44 Volume: 4,437,436   c)  Price: £0.44 Volume: 29,524
e)	Date of the transaction	a)  23 November 2020   b)  23 November 2020   c)  23 November 2020
f)	Place of the transaction	a)  London Stock Exchange, AIM   b)  London Stock Exchange, AIM   c)  London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Dewhurst
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Accrol Group Holdings plc
b)	LEI	213800MC56M5G69RJ226
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 £0.001 each ISIN: GB00BZ6VT592
b)	Nature of the transaction	a)  Exercise of options    b)  Sale of shares
c)	Price(s) and volume(s)	a)  Price: £0.001 Volume: 2,750,944   b)  Price: £0.44 Volume: 1,326,617
d)	Aggregated information - Aggregated volume - Price	a)  Price: £0.001 Volume: 2,750,944   b)  Price: £0.44 Volume: 1,326,617
e)	Date of the transaction	a)  23 November 2020   b)  23 November 2020
f)	Place of the transaction	a)  London Stock Exchange, AIM   b)  London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Cox
2	Reason for the notification
a)	Position/status	Commercial Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Accrol Group Holdings plc
b)	LEI	213800MC56M5G69RJ226
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 £0.001 each ISIN: GB00BZ6VT592
b)	Nature of the transaction	a)  Exercise of options    b)  Sale of shares
c)	Price(s) and volume(s)	a)  Price: £0.001 Volume: 1,295,990   b)  Price: £0.44 Volume: 612,020
d)	Aggregated information - Aggregated volume - Price	a)  Price: £0.001 Volume: 1,295,990   b)  Price: £0.44 Volume: 612,020
e)	Date of the transaction	a)  23 November 2020   b)  23 November 2020
f)	Place of the transaction	a)  London Stock Exchange, AIM   b)  London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Pilkington
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Accrol Group Holdings plc
b)	LEI	213800MC56M5G69RJ226
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 £0.001 each ISIN: GB00BZ6VT592
b)	Nature of the transaction	a)  Exercise of options    b)  Sale of shares
c)	Price(s) and volume(s)	a)  Price: £0.001 Volume: 83,213   b)  Price: £0.44 Volume: 39,298
d)	Aggregated information - Aggregated volume - Price	a)  Price: £0.001 Volume: 83,213   b)  Price: £0.44 Volume: 39,298
e)	Date of the transaction	a)  23 November 2020   b)  23 November 2020
f)	Place of the transaction	a)  London Stock Exchange, AIM   b)  London Stock Exchange, AIM

 

END

 

 

DSHBJBPTMTITBBM